SAARC Chambers of Commerce and Industry (CCI) Senior Vice President Iftikhar Ali Malik on Saturday said economic and political stability is prerequisite for generating the required 1.3 million additional jobs on average every year to cope with the multiple challenges.

Talking to a delegation of traders here on Saturday, Iftikhar Malik said time has changed as now the influential nations are paying more attention to financial warfare to continue their dominance. The countries are successfully using their weapons of economic destruction to weaken economics of poor nations to achieve their unholy designs while Pakistan's economy is not strong enough to withstand economic terrorism, he said.

He said it is indeed important to increase our exports and for that purpose we need to reduce our cost of doing business so that our products can remain competitive in the world markets.

He further said trade facilitation is the key to promote industries and we need to remove all the obstacles and create the culture of trade facilitation.

"Our Country has tremendous potential as we have enormous talent. What we need is the consistency in the government policies and a clear roadmap to move forward," he added.

He was of the view that all the sectors including the industrial sector should discharge their national obligations and play their role in strengthening the economy while the government should introduce reforms and control the smuggling of raw material and finished goods.

He also urged the government to conduct market research to find out new destinations for the Pakistani products which are best in the world as far as quality and price is concerned. He said that Pakistani Missions abroad should be duty bound to introduce Pakistani products to the foreign buyers and also ensure dissemination of trade related information so that Pakistan entrepreneurs could avail trade opportunities to the maximum.