ISLAMABAD
\nSAARC Chamber of Commerce and Industries (SCCI) former President Iftikhar Ali Malik on Sunday stressed the need for fully exploiting the vast potential and investments in Africa, a 4$ trillion market, for sustainable socio-economic development of Pakistan.
\nChairing a round table conference on \u2018Vast Potentials of Africa and Pakistan\u2019, he said recognizing Africa\u2019s potential for exponential growth in the mining sector as a result of the global energy transition, he anticipated an influx of foreign investment within the continent which holds an estimated 30 percent of the planet\u2019s mineral reserves.
\nHe said, \u201cAfrica possesses an impressive range of minerals, particularly those vital to the energy transition,\u201d according to a news release issued here. He said, \u201cWe can not afford to sideline the continent that holds the key to many of the world\u2019s most pressing challenges.\u201d
\nHe stressed the need to explore the significant opportunities that lie in harnessing the untapped potential of partnerships with African nations. \u201cAs Pakistan seeks to diversify its economic and diplomatic relations, Africa presents a rich landscape for collaboration and mutual growth,\u201d he added.
\nHe said, \u201cAfrica, with its diverse economies, vast natural resources, and growing consumer markets, holds immense promise for trade, investment, and cooperation.\u201d He said by strategically engaging with African nations, Pakistan could tap into sectors such as agriculture, energy, infrastructure development, technology, and education.
\nSuch partnerships would not only bolster our economic prospects but also strengthen diplomatic ties on the international stage, he added.
\nIftikhar Ali Malik said, \u201cBy taking proactive steps to explore and exploit the vast potential of African partnerships, Pakistan can position itself as a progressive global player committed to mutual growth, peace, and prosperity.\u201d
\nHe said, \u201cVisionary leadership can lead Pakistan toward a brighter future through strengthened ties with the African continent.\u201d He urged the government to consider formulating a comprehensive Africa policy that outlines the key objectives and strategies for collaboration with African nations.This policy could prioritize sectors of mutual interest, encourage trade delegations and investment forums, and facilitate cultural exchanges, he added. Another speaker Rameen Kashif recipient of the Best CEO award said initiatives aimed at knowledge exchange, capacity building, and cultural ties between Pakistan and African countries could foster a deeper understanding and friendship between our peoples.
\nEducation and skills development programs could be established to empower African youth, leading to sustainable development, she added.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD SAARC Chamber of Commerce and Industries (SCCI) former President Iftikhar Ali Malik on Sunday stressed the need for fully exploiting the vast potential and investments in Africa, a 4$ trillion market, for sustainable socio-economic development of Pakistan. Chairing a round table conference on \u2018Vast Potentials of Africa and Pakistan\u2019, he said recognizing Africa\u2019s potential […]<\/p>\n","protected":false},"author":2,"featured_media":352086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-352075","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"\n