Traders' body hails energy pact among SAARC members
ISLAMABAD: Islamabad Chamber of Commerce & Industry has welcomed the signing of an agreement among Saarc member countries to allow the cross-border energy trade and termed it a positive development that would prove beneficial for the power-starved countries of the region including Pakistan.
M. Shakeel Munir, Acting President, Islamabad Chamber of Commerce & Industry said that South Asia was energy deficient region and enhancing energy cooperation among Saarc countries was a healthy move as it would allow power supply from surplus countries to deficient countries and contribute positively to promoting intra-regional trade as well.
He said that rising energy crisis in South Asian countries have resulted into serious implications for their economies including slowing down of economic development, hurting industrial productivity, increasing inflation, deepening poverty and causing social instability in the region. Thus it was the need of the hour that South Asian countries should take initiatives to complement each other in energy supply.
He also stressed upon the SAARC countries to focus on enhancing regional integration as they have
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