We cannot afford to miss new opportunities: Abdul Rauf Alam<\/p>\n
Islamabad(PR):The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday said Islamic countries should join hands to ensure rapid progress which will lift masses out of poverty.
\nDespite efforts and unmatched natural resources, Muslim countries are falling behind rest of the world as far as economy, scientific development, academics and social progress is concerned, said Abdul Rauf Alam, President FPCCI.
\nTalking to Saleh Abdullah Kamel, President Islamic Chamber of Commerce, Industry & Agriculture (ICCIA) in Konya, he said that despite vast natural resources and youth population, Islamic world is making little contributions.
\nHe said that Muslim countries have failed to realise their true potential which calls for sustained efforts for rapid social and economic development of our people for which identification of factors hindering growth is a must.
\nAbdul Rauf Alam said that we make 23 percent of the world’s population and
\n21.7 percent of the world’s land mass with GDP of around seven trillion dollars which is only eight per cent of the globe’s GDP.
\nPakistan is the second largest Muslim country in terms of population but it ranks eighth within the Islamic world in terms of size of the economy but its ranking will improve soon due to CPEC and enabling policies, he said, adding that the non-oil GDP of the Islamic world is a paltry four percent of the world GDP.
\nHe called upon the investors to explore Pakistan which is offering matchless opportunities to the foreign investors.
\nSaleh Abdullah Kamel, President Islamic Chamber having 58 nations as members lauded the economic policies of Pakistan and hoped that country will progress as the law and order situation has improved.
\nIslamic world should put forth new ideas and innovative research to break the economic inertia which is hindering economic development, he said.
\nHe accepted invitation by Abdul Rauf Alam to visit Pakistan and attend the meeting of ECO Chamber schedule on December 20.
\nChairman Coordination FPCCI Malik Sohail and Atia Nawazish Ali, Assistant Secretary General of the Islamic Chamber were also present in the meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"
We cannot afford to miss new opportunities: Abdul Rauf Alam Islamabad(PR):The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday said Islamic countries should join hands to ensure rapid progress which will lift masses out of poverty. Despite efforts and unmatched natural resources, Muslim countries are falling behind rest of the world as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-3787","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n