Wednesday, 24 April 2024, 05:49:27 am

Pakistan is among the countries that have bounced back from impacts of COVID-19

Mirza Ikhtiyar Baig (Economist): Regional blocks like ECO, SAARC and others are of vital importance as regional issues could be discussed through such forums. Initially, Pakistan, Turkey and Iran were the members of ECO, but over time other regional countries also became the members of this important organization. Prime Minister Imran Khan in his remarks at 14th ECO Summit shared the success story of Pakistan in countering COVID-19 and revival of economic activities. Trade with Afghanistan was also discussed. As Afghanistan is a landlocked country, Pakistan is providing it with sea access for trade. The border security arrangements, monitoring and other measures taken by FBR have resulted in significant reduction in smuggling. Prime Minister Imran Khan also talked about the global issues. Climate Change is on top of the global issues and unfortunately Pakistan is among the countries expected to be severely affected by it. However, Pakistan is among a few countries where carbon omissions by industrialization are within the international standards. Moreover, Pakistan is also among the countries that have bounced back from the impacts of COVID-19. Islamabad geared up its exports and put the economic activities on the right track. We must expect GDP growth of our country to 2% till June this year which will be a milestone keeping in view the current global situation.