Consultants spotlight potential for $500b intra-D-8 commerce, stronger Pakistan-Indonesia cooperation
ISLAMABAD:
A dialogue session on the position and way forward for the D-8 Organisation for Financial Cooperation was held on the Nationwide Library of Pakistan.
The occasion, titled “In the direction of the D-8 Summit: The Relevance of the D-8 Organisation for Financial Cooperation Amid International Challenges,” was organised by the Embassy of Indonesia in Islamabad in collaboration with the Worldwide Institute for Regional and Worldwide Research, in response to a launch issued on Friday.
The session introduced collectively Indonesian college students learning on the Worldwide Islamic College Islamabad and Pakistani college students from Quaid-i-Azam College, Nationwide Defence College, Bahria College, Riphah Worldwide College and the Nationwide College of Fashionable Languages.
The gathering served as an instructional platform for dialogue on the relevance of the D-8 in addressing financial challenges.
The occasion opened with remarks from IIRIS President Shafqat Rasool, who welcomed diplomats, audio system and college students from Pakistan and Indonesia. He highlighted the significance of educational engagement in strengthening multilateral cooperation and fostering understanding amongst D-8 member states.
The keynote tackle was delivered by Dr M Saeed Uzzaman, head of the Division of Worldwide Relations on the Nationwide College of Fashionable Languages in Rawalpindi.
His presentation, titled “Reinvigorating the D-8 Organisation for Financial Cooperation: The Strategic Function of Pakistan-Indonesia Collaboration,” emphasised the potential of the D-8 to emerge as a dynamic South-South financial bloc.
Dr Uzzaman stated the organisation might considerably broaden its influence if member states enhanced intra-D-8 commerce, addressed connectivity gaps, strengthened logistics and maritime integration and improved institutional capability.
In keeping with him, such initiatives might increase intra-D-8 commerce to over $500 billion, contribute to a mixed GDP of $8-10 trillion and create greater than 50 million new jobs throughout member international locations.
Through the session, Donny Ardiwidha, first secretary for political affairs on the Indonesian Embassy, introduced a chat titled “The Energy of D-8 International locations in International Competitors.”
He highlighted the strategic geographical positions of D-8 member states, saying they’re positioned alongside three main commerce routes: the Strait of Malacca, the Suez Canal and the Bosphorus Strait.
One other presentation was delivered by Rahmat Hindiarta Kusuma, coordinator for data, social and cultural affairs on the Indonesian Embassy. He outlined Indonesia’s chairmanship for 2026-2027 and highlighted its central theme, “Navigating International Shifts: Strengthening Equality, Solidarity, and Cooperation for Shared Prosperity.”
Beneath Indonesia’s management, the organisation will prioritise financial and commerce integration, the halal economic system, blue economic system and inexperienced transition, connectivity and digital transformation, and institutional reform. Kusuma additionally introduced a session on Palestine for the upcoming D-8 Summit. The occasion marked the second session in a broader dialogue sequence underneath Indonesia’s chairmanship.
