PR No. 100 CAREC SOM in Islamabad Islamabad

Pakistan is hosting the Senior Officials Meeting (SOM) of Central Asia Regional Economic Cooperation (CAREC) and related events from 19-20 July, 2016 in Islamabad. About 80-100 participants from member countries and multilateral institutions will be attending senior officers meeting.

The SOM will be chaired by Ms. Anjum Assad Amin, Additional Secretary, Economic Affairs Division who is the National Focal Person of Pakistan for CAREC. Updates and key issues in the four priority sectors of CAREC (transport, energy, trade facilitation, and trade policy) will be presented. This will be followed by discussion of the Senior Officials. On 20th July, the meeting of the Governing Council will take place.

Pakistan will also host 15th CAREC Ministerial Conference schedule to be held on 26th October, 2016.

CAREC program, it may be added, is a consultative forum of Asian Development Bank (ADB). It consists of 10 member countries (Afghanistan, Azerbaijan, People’s Republic of China, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan) Georgia an Observer supported by 6 multilateral institutions (Asian Development Bank (ADB), United Nations Development Program (UNDP), International Monetary Fund (IMF), World Bank (WB), Islamic Development Bank (IDB)and European Bank for Reconstruction and Development (EBRD). All  memberswork together with the aim to promote development through cooperation, leading to accelerated growth and poverty reduction in the four priority areas of transport, trade facilitation, trade policy and energy.