Shanghai Cooperation Organisation (SCO) Secretary General Zhang Ming visited the FPCCI Capital Office and discussed the importance of effectively utilising the potential of multilateral trade and economic cooperation.
\nThe SCO secretary general, who called on Federation of Pakistan Chambers of Commerce and Industry (FPCCI) chief Irfan Iqbal Sheikh and Chairman Coordination Mirza Abdul Rehman, also exchanged views on a visa sticker scheme for the SCO member states to enhance people-to-people contacts in the region so that bilateral and multilateral trade and business could flourish.
\nParticipants of the meeting reaffirmed that SCO must consider taking meaningful initiatives to develop and adopt an economic development strategy forthe region.
\nSheikh voiced hope that the meeting with Zhang would open new vistas in the relationship between Pakistan and the SCO member countries.
\n\u201cSCO provides an excellent opportunity to create linkages as the bloc has proposed that all members should try to simplify trade procedures and work for a free trade agreement.\u201d
\nThe FPCCI chief lauded the creation of SCO Development Bank and SCO Development Fund along with the formulation of a draft roadmap on the gradual increase in national currencies\u2019 share in reciprocal payments by the interested member states.
\nHe said the FPCCI was looking forward to enhancing trade and investment with the SCO region and forging a formidable economic alliance for mutual prosperity and development of member nations.
\nHe also highlighted the economic and commercial potential of China-Pakistan Economic Corridor (CPEC) and Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project.
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