LAHORE (PR) – Speaking at the Asia-Pacific CEO Forum organized by International Chamber of Commerce (ICC) in New Delhi, the Chairman of Nishat Group and MCB Bank, Mian Mohammad Mansha stated that the epicenter of the global economy is now shifting to Asia, trends are clearly pointing to the shift of geopolitical, economic and financial power from the developed economies to the emerging markets of Asia.

The Forum which was also addressed by Indian ministers including Anand Sharma (Union Minister of Commerce and Industry and Textile) and Salman Khurshid (Minister of External Affairs), appreciated that this will have an increasing impact in the region as Asian economies contributed to nearly sixty per cent of global growth in 2012 and the focus of the 21st century is shifting increasingly to Asia.

In his address Mian Mansha further stressed that a sound and efficient financial architecture is needed to take advantage of the potential in the Asia-Pacific region. In this context, he also emphasized the need for greater connectivity among the countries of the region, particularly in South Asia.

 To improve connectivity and ease of doing business, Mr. Mansha suggested opening bank branches in Pakistan and India by interested banks which meet the laid down criteria.