Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 864 Thu. November 02, 2006  
   
Business


Islamic Economic Forum to work for generating investment


The World Islamic Economic Forum (WIEF) is planning to develop an institutional mechanism, seeking to generate investment for economic well-being of the Muslim Ummah.

WIEF will commence its 2nd session here from Nov 5 to deliberate upon the challenges confronting the Muslim World, it was officially stated here on Tuesday.

The three-day Forum is being organised by the government of Pakistan in collaboration with WIEF Foundation, Asian Strategy and Leadership Institute has already geared up the necessary preparatory work to successfully hold the 2nd session of the WIEF.

The main objective of the Forum is to provide a platform for the positive and healthy interaction between government leaders, civil society and business players for the benefit of the Muslim community throughout the world.

Emerging Market Economies of more than 57 countries represented by the World Islamic Economic Forum have shown marked improvement in the levels of investor confidence, inflow of foreign director investments, and performances of financial markets. Increase in the levels of foreign investment in these economies over the recent years shows that the world has begun to take notice of their true economic potential.

The 2nd Session of the World Islamic Economic Forum will provide a platform for the political and business leaders from all over the Muslim world to showcase their true economic opportunities to the developed world and forge linkages with other Muslim countries in fields of economics, social development, etc.