Analysts stress on increased economic integration among Asian countries for bringing development to the region.
Prime Minister Muhammad Nawaz Sharif has called upon the Asian nations to make coordinated efforts for achieving the goal of peace and economic prosperity in the region.
Addressing the Boao Forum for Asia in China's Hainan province on Thursday, he said resolution of disputes and establishing peace are prerequisites for economic development.
Commenting on the development in Nuqta-e-Nazar programme of Radio Pakistan, Muhammad Zubair, minister of state for Privatization, said Pakistan attaches great importance to its decades-old close relationship with China. He said the proposed Pakistan-China Economic Corridor Project would help resolve economic problems of the region. He said foreign direct investment greatly contributes to economic development, and hence, the country is focusing on attracting maximum foreign investment in various fields. He said Chinese companies are going to make heavy investment in various sectors in Pakistan.
Dr. Salman Shah, former caretaker finance minister, said there is huge potential of trade and economic cooperation among the Asian countries, and they need to explore this potential. He said Pakistan and China have been cooperating in various fields, including trade, economy, and infrastructure, and now private sectors of the two countries have also engaged and started joint ventures. He said Pakistan-China Economic Corridor is very important for both the countries.
Taking part in the programme, Dr. Muhammad Khan, head of International Relations Department at NDU, said the basic objective of Boao Forum is economic integration and development of Asia. He said the 21st century is the century of Asia, and Boao Forum is a step towards that direction. He emphasized resolution of bilateral disputes for economic development in Asia.
Dr. Shaheen Akhtar, professor of International Relations at NDU, said peace is necessary for bringing development to Asia. She said cooperation in trade and energy among the Asian countries would lead the region to prosperity and development.
Energy expert Dr. Pervaiz Aamir said China is going to make huge investment in energy sector in Pakistan, which will bring a revolution to the national economy. He, however, stressed on improving law and order to attract foreign investment.