ISLAMABAD – Vice President of Saarc Chamber of Commerce and Industry Iftikhar Ali Malik on Monday said that D-8 summit will open new vistas of development in the bloc which is home to over half a billion people.

He congratulated the government for successfully holding summit of D-8 countries at a right time.  He was speaking at a dinner hosted by Malik Sagheer and Malik Sohail to celebrate the handing over of chairmanship of D8 Federation of Chambers of Commerce to FPCCI.

President FPCCI Haji Ghulam Kadir Sherani, VPs FPCCI Mirza Abdul Rehman, Shakil Dhingra, Dawood Pakwala, Sheikh Waheed Sandal, Salma Ahmed, Iqbal Tabish Secretary General Saarc and former FPCCI leaders including Kunwar Qutbuddin, Ch. Muhammed Saieed, Zubair Tufail, Manazir Ali Sheikh, Hameed Akhtar Chadda and others were also present on the occasion.

Collaboration of D-8 countries to overcome energy deficiency would result in boosting economy in Pakistan and other countries, said Malik.

All of the D8 states are capable of shaping their destinies free of pressures said Iftikhar Malik, adding that all of us have the basic strengths in terms of natural resources and human capital to become a powerful economic bloc. Speaking at the occasion, President FPCCI Haji Ghulam Kadir Sherani said that the Summit did greatly succeed in carving out a roadmap for the Muslim-majority countries to jointly face the emerging socio-economic and global political challenges.

The vision adopted by the conference unfolded huge scope to join hands and work for the common good of their more than half a billion people.

He said that the main areas for a joint action by the D-8 members were identified as investment in the energy sector through public-private partnerships which was a great step.

Sherani said that such bold steps would help achieve long-term energy security and help collaboration in areas like capacity building, transfer of technology and exploration of new energy sources. Speaking on the occasion Malik Sagheer and Malik Sohail said that D8 countries are in a position to achieve self-sufficiency in the critical area of energy, said

D-8 member-states have both opportunities and challenges which we will overcome by joint effort soon for which understanding, liberalised visa regimes, enabling customs procedures and supportive banking services are imperative, they said.

Sagheer and Sohail congratulated FPCCI leadership on getting chairmanship of D8 Chamber and hoped that they will play their role to bring all countries together.