(UrduPoint / Pakistan Point News -26th Augst,2016) Prime Minister said the SAARC organisation was formed three decades earlier with a commitment to promote social welfare, improving quality of life and cultural development.

Prime Minister Sharif said increasing interdependence and common concerns have led to the need of finding regional solutions. He said increasing connectivity, ease in communication, freer trade and finding innovative solutions to hunger, poverty and food security has helped the world to enhance regional and sub-regional cooperation. Sharif said progress has been made to counter the impact of climate change, spread of diseases, economic spill-over and social evils were being dealt by joint strategies at regional level.

He stressed that interdependence calls for greater cohesion among the SAARC member states. Prime Minister Sharif said South Asia was a region of vast opportunities endowed with abundant human and natural resources, having one-fifth of the humanity.

Its untapped wealth and under-utilised resources provide opportunities for development and prosperity of the region, he added. He said to optimally harness its potential for peace and prosperity of people, SAARC calls for a platform to collectively work for the region, free of economic constraints and social ills.