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One Pakistan

Published Date: Sep 3, 2012

5TH SA ECONOMIC SUMMIT TO BE STARTED FROM SEPTEMBER 11, PRESIDENT LIKELY TO INAUGURATE THE EVENT

The three day 5th South Asian Economic Summit (SAES-V) will be held Islamabad from 11 to 13 September under the management of Sustainable Development Policy Institute (SDPI). President Asif Ali Zardari would likely to inaugurate the conference along with Federal Minister for Defence Syed Naveed Qamar.

Dr Vaqar Ahmed, Research Fellow/Head, Economic Growth Unit, Sustainable Development Policy Institute (SDPI) has stated this while giving the briefing of above conference to media persons on Monday.

While giving the conference details, he said that  around 150 delegates from Afghanistan, Bangladesh, Bhutan, India, Sri Lanka, Nepal, Maldives and Pakistan are participating in the event.

The event marks one of largest convergences of senior level South Asian policy makers in Pakistan with the participation of ministers, government officials, economists, academician, businessmen, and civil society representatives, he added.

He said that the overarching theme for this year s summit is “Making Growth Inclusive and Sustainable in South Asia.”  It is focused on framing observations and recommendations for the 18th SAARC Summit to be held in Nepal next year.

He said that many of the participants (through the auspices of national governments) are actively involved in the negotiation process that intends to take the SAARC agenda forward. The SAES-V also seeks to involve and engage politicians and civil-servants with the experts already involved in Track-I and Track-II level of South Asian development agenda, he added.

Responding a question he said that SAES started in 2008 with the objective to bring together leading personalities from South Asia to discuss economic challenges and to come up with regional approaches and solutions for sustainable development in the region. Over the past four years, this event has become the  South Asian Davos  following the example of World Economic Forum, he said. He said that the previous Summit s were held in SriLanka, India, Nepal and Bangladesh respectively.  He said that conference inaugural session will be held on 11 September in which foreign dignitaries including Jairam Ramesh, Minister for Rural Development India, Sham L. Bathija, Minister Senior Advisor for Economic Affairs to the President of Afghanistan, Rajiva Wijesinha member of Parliament Sri Lanks, Yuba Raj Khatiwada Governor Central bank of Nepel would participate.

The different session would be held in the conference including Regional Trade Agreement in SA: Current Outlook and Way Forward, Food Security: Challenges and Way Forward IN South Asia, Regional Cooperation for Energy Security, Climate change and South Asia-examining empirical evidence, Regional Cooperation on Water: Opportunities for South Asia.