Addressing the ninth summit of the Developing Eight (D-8) Organization in Istanbul on Friday, Prime Minister Shahid Khaqan Abbasi noted that the organisation had fallen short of meeting its trade and economic goals.

The D-8 Organization for Economic Cooperation aims to facilitate cooperation in the field of development. It includes Bangladesh, Iran, Turkey, Malaysia, Egypt, Indonesia and Nigeria.

"Twenty years ago, a shared vision motivated the leaders of our countries to establish this organisation to promote cooperation in the key areas of agriculture, industry, small and medium-sized enterprises, trade, transport, energy and tourism," he said. "However, the progress achieved so far falls short of our expectations."

The prime minister noted the need to identify impediments that had stood in the way of achieving the organisation's objectives and urged members to take measures to strengthen the partnership between them.

Abbasi urged the member countries to focus on the implementation of projects for development, progress and prosperity of the people of the member countries, expressing hope for greater economic cooperation, Radio Pakistan reported.

The prime minister also highlighted the need for member countries to have a louder voice on the international platform, the state-run broadcaster added.

While handing over the chairmanship of the organisation to Turkey, PM Abbasi assured that the country would have Pakistan's full backing and support in achieving the organisation's aims.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...