Pakistan deputy PM calls for greater economic cooperation among ECO nations at Iran summit

Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar (sitting on the right), signs the Economic Cooperation Organization’s (ECO) charter on clean energy at the 28th meeting of the ECO Council of Ministers in Mashhad, Iran on December 3, 2024. (PID)
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Updated 03 December 2024
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Pakistan deputy PM calls for greater economic cooperation among ECO nations at Iran summit

  • The ECO is an intergovernmental organization that promotes economic, technical and cultural cooperation among members
  • Deputy PM Ishaq Dar expressed concern over significantly lower ECO intra-regional trade than other regional groupings

ISLAMABAD: Pakistan’s deputy prime minister and foreign minister, Ishaq Dar, on Tuesday called for greater collaboration among Economic Cooperation Organization (ECO) member states as he addressed a summit of the ECO Council of Foreign Ministers in Iran.
The ECO is a political and economic intergovernmental organization that promotes economic, technical, and cultural cooperation among member states. Founded in 1985 by Iran, Pakistan and Turkiye, the ECO aimed to succeed the Regional Cooperation for Development (RCD), which existed from 1964 to 1979.
The ECO’s objectives include contributing to the development of member states, removing trade barriers within the ECO region, developing intra-regional trade, promoting the ECO region’s integration with global markets and strengthening cultural and historical ties among member states.
Addressing the ECO summit in Mashhad, Dar said this year’s theme, “Enhanced and Resilient ECO Region Through Expansion of Intra-Regional Trade,” was a guiding principle for all that the progress and prosperity of the ECO region “hinges upon expansion of intra-regional trade.”
“It is a matter of great concern that the ECO region, comprising an area of 8 million square kilometers and half a billion population, roughly 15 percent of the world population, has intra-regional trade of unfortunately less than 8 percent of region’s aggregate and only 2 percent of the global trade,” he said.
“[This] is in stark contrast to other regional groupings such as EU [European Union], wherein the intra-regional trade stands about 70 percent and ASEAN [Association of Southeast Asian Nations], which is around 23 percent.”
During the summit, Dar signed the ECO charter on clean energy to enhance regional cooperation for transition to sustainable energy, according to the Pakistani foreign ministry.
“The charter is a flagship initiative of ECO in the energy sector which will focus on research & development for innovative renewable clean energy sources to combat climate change [and] play a bridging role in enhancing regional cooperation for smooth transition to sustainable energy,” it said in a statement.
The ECO clean energy charter would contribute to the global network of regional sustainable energy centers under the framework of the UN’s Sustainable Energy for All Initiative.
Dar also held a bilateral meeting with Iranian foreign minister Seyed Abbas Araghchi.
“During the meeting, they exchanged views on areas of mutual interest and the latest regional and global developments,” Pakistan’s state-run APP news agency reported. “Both countries agreed to deepen bilateral cooperation in all spheres.”
The meeting came weeks after Araghchi’s visit to Islamabad to hold consultations with Pakistani leaders on the Middle East situation following Israel’s invasion of Gaza and Lebanon, and to discuss bilateral ties.
Separately, the Pakistani deputy PM held meetings with ECO Secretary General Dr. Asad Majeed and Deputy Prime Minister of Kazakhstan Murat Nurtleu to discuss the latest regional and global developments, and to boost inter-regional connectivity and trade cooperation among ECO members.


Suicide bomber attacks security check post in northwestern Pakistan, kills civilian

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Suicide bomber attacks security check post in northwestern Pakistan, kills civilian

  • Sixteen civilians, two security personnel wounded in blast near the Afghan border town of Miran Shah
  • Attack comes amid rising militancy as Pakistan steps up military campaign across the Afghan border

PESHAWAR: A vehicle-borne suicide bomber targeted a security check post in Pakistan’s northwestern district of North Waziristan on Friday, killing at least one civilian and wounding 16 others, several critically, police and hospital officials said.

The attack struck the Chashma Sarband check post on the Bannu–Miran Shah road in Miran Shah, the main town in the restive tribal district bordering Afghanistan, police said.

The blast comes amid a resurgence of militant attacks in Pakistan’s northwestern border regions and growing tensions with neighboring Afghanistan, where Islamabad says armed groups responsible for violence in Pakistan are based.

“Sixteen civilians were among those wounded, four of whom were in critical condition,” said Dr. Asif Iqbal, the medical superintendent at the district headquarters hospital in Miran Shah.

“One person has died at the hospital,” he said, adding that more injured victims were expected to be brought in.

Police spokesman Fazal Khan said the vehicle-borne suicide attack targeted the security checkpoint along the busy highway.

Two members of the security forces were also wounded in the explosion, he said.

Chief Minister of Khyber Pakhtunkhwa Sohail Afridi condemned the attack and ordered authorities to submit a report on the incident.

“The incident in which civilians were injured in the Miran Shah Chashma check post explosion is tragic,” he said in a statement.

Afridi directed officials to ensure the best possible medical treatment for the injured and said emergency services and hospital staff had been placed on high alert.

“Cowardly acts of terrorism cannot weaken the resolve of the government and the public,” he added.

Pakistan has witnessed a rise in militant violence in recent months, particularly in regions bordering Afghanistan, where officials say groups such as the Tehreek-e-Taliban Pakistan (TTP), also known as the Pakistani Taliban, operate from bases across the frontier.

Islamabad accuses Afghanistan’s Taliban authorities of sheltering militants who carry out attacks inside Pakistan, a charge Kabul denies.

The tensions have escalated further after Pakistan launched air strikes inside Afghanistan earlier this year targeting what it described as militant camps, triggering cross-border clashes between the two neighbors and prompting Islamabad to expand military operations along the frontier.

Pakistan says the campaign, dubbed “Ghazab Lil Haq,” will continue until militant threats from across the border are neutralized.