LAHORE (special crosspondent) – The Convenor of the Food Sub-Committee of the Federation of Chambers of Commerce and Industry, Shahid Imran, has called for increased regional cooperation and innovation to establish modern capital markets across Asia. According to Imran, such initiatives are essential to mobilize investment, enhance economic resilience, and promote sustainable development throughout the region.

Addressing a delegation of traders on Sunday, Imran emphasized that regional economies can no longer afford to operate in isolation given the current rapidly evolving geopolitical and economic landscape. He specifically highlighted that SAARC countries must prioritize the harmonization of financial frameworks, the reduction of trade barriers, and the strengthening of institutional linkages to foster a more dynamic and integrated economic environment. This shift is essential to emulate the progress seen in other strategic alliances, such as the Pakistan, Saudi Arabia, and Turkiye-led regional cooperation efforts, which demonstrate the benefits of unified planning.

The Necessity of Integrated Financial Systems

Imran stated that integrated capital markets would significantly facilitate cross-border investment, enabling participating nations to mobilize resources with greater efficiency. Such a framework would also attract global investors who are actively seeking long-term stability and reliable returns. He noted that existing barriers, including fragmented financial systems, inconsistent regulatory standards, and limited regional collaboration, are currently preventing the continent from fully realizing its vast economic potential.

Technology and Governance for Sustainable Growth

The business leader stressed that the adoption of cutting-edge financial technologies, coupled with improved governance and enhanced transparency, would make regional markets more inclusive. He argued that these pillars are vital for supporting long-term, sustainable growth. For instance, just as policy clarity is crucial in industrial sectors—much like the strategic framework articulated by DPM Ishaq Dar regarding regional agreements—the financial sector requires similar coordination to succeed.

A Call to Action for Stakeholders

Concluding his address, Shahid Imran urged regional governments to foster closer partnerships with the corporate sector, chambers of commerce, and financial institutions. He advocated for the development of investor-friendly policies that encourage innovation-led growth. He remained optimistic that stronger cooperation within SAARC would not only boost trade and expand industrial capacity but also generate vital employment opportunities, ultimately benefiting millions across the region. Strengthening these markets, he added, will serve as a catalyst for collective stability and shared prosperity, much like the regional stability frameworks currently championed by economic experts.