'Regional connectivity key to shared prosperity'

Experts stress untapped opportunities in trade, energy and tourism.

Federal Minister of Petroleum Musadik Masood Malik, speaks with Reuters during an interview in Islamabad, June 11, 2024. PHOTO: REUTERS

An international seminar on "Regional Trade & Connectivity: Discovering New Horizons & Opportunities" was held at the Institute of Strategic Studies, Research & Analysis (ISSRA), bringing together heads of foreign missions, policymakers, and industry leaders.

Ambassadors from regional countries shared their perspectives on efforts to enhance connectivity within their respective countries.

Musadik Masood Malik, Federal Minister for Petroleum was the chief guest on the occasion whereas Sultan Ahmed bin Sulayem, the Group Chairman and CEO of DP World, graced the occasion as the guest of honour. He lent his global expertise to the discussions.

The event was hosted by ISSRA in collaboration with National Logistics Corporation (NLC). The seminar aimed at strengthening regional connectivity and exploring opportunities leading to economic integration across the region.

Sultan Ahmed bin Sulayem articulated a compelling vision for modern supply chains. "The modern supply chain is no longer merely a network; it is the lifeline of global trade," he stated. To ensure resilience, it is crucial to invest in infrastructure and leverage digital technologies to forecast disruptions and maintain seamless operations. He appreciated the role of NLC in promoting regional connectivity.

Ambassadors emphasised the importance of harmonised policies, infrastructure development and removal of trade barriers to achieve the goal of regional integration.

The seminar featured thought-provoking panel discussions addressing critical challenges, including inadequate transport infrastructure, bureaucratic inefficiencies, security concerns, and geopolitical complexities.

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