The 13th summit of the Economic Cooperation Organisation (ECO), chaired by Sharif, concluded with the unanimous resolve to transform the group into a vibrant entity.
The regional meet comes months after the SAARC summit, due to be held here, was cancelled after an India-led boycott.
Sharif inaugurated the ECO summit that was attended by the representatives of nine other countries -- Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Iran, Tajikistan, Turkey, Turkmenistan, and Uzbekistan -- besides Pakistan.
The summit concluded with the adoption of the Islamabad Declaration and Vision 2025, delineating a road-map for greater regional cooperation and integration over the next ten years.
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Sharif was quoted by Radio Pakistan as saying that the collective political will of ECO leaders was unambiguously reflected in the Islamabad Declaration.
"The declaration underlines the importance of fully exploiting the economic complementaries of member states," he said.
Sharif said 'ECO Vision-2025' sets pragmatic and realistic goals along with implementation framework. He also said that ECO nations have resolved to fight terrorism and extremism.
He said the member states would collectively endeavour to build and promote connectivity in multiple domains.
"The summit has emphasised on the need for regional cooperation in the energy sector focusing on infrastructure development and intra-regional energy corridors," he said.
Sharif said the leaders emphasised the importance of linkages between higher education and research institutions as well as developing partnerships in science and technology.
The Prime Minister said successful holding of the summit is a manifestation of the desire and commitment of the member states to transform ECO into a vibrant regional block.
ECO was established in 1985 by Pakistan, Iran and Turkey with Azerbaijan, Afghanistan, Kyrgyzstan, Kazakhstan, Turkmenistan, Uzbekistan and Tajikistan joining in 1992.