Eighth Summit of Developing-8 (D- 8) concluded in Islamabad on Thursday, local media reported.
At the conclusion of the Summit, the Foreign Ministers signed the Charter of D-8 in the presence of the leaders of member countries.
The Nigerian President Goodluck Jonathan in his remarks at the D-8 Summit explained achievements during the last two years under his chairmanship.
He said the volume of trade was enhanced to the highest possible level during this period.
The Nigerian President said Pakistan has played an active role in the D-8 which is appreciable.
Later, he handed over the chairmanship of the D-8 to President Asif Ali Zardari for the next two years.
Secretary General of D-8, Widi Pratikto in his report paid appreciation to Nigerian President Goodluck Jonathan for his wise participation in the activities of the D-8.
He said we have steady development since Abuja D-8 conference.
He said our agenda included continuing efforts to improve the lives of our people and to eliminate poverty from the area.
Iranian President Mahmoud Ahmadinejad has said D-8 countries need to stand together to overcome the complex challenges and injustices of the current world system.
Addressing the summit, Indonesian President Susilo Bambang Yudhoyovo said that to achieve our targets we have to maintain peace and political stability in the region.
Turkish Prime Minister Recep Tayyip Erdogan said we have to be united to be on the road of development.
He said democracy and development are interlinked. He said D-8 countries are the emerging economies of the world.
Egyptian Vice President Mahmoud Mekki expressed the hope that D- 8 would be a more vibrant and dynamic organizations under the auspices of Pakistani leadership.
He said we have to achieve our developmental targets through cooperation.
He said all the countries have to do joint efforts to curb the menace of terrorism.
Deputy Prime Minister of Malaysia Tan Sri Muhyiddin bin Yassin in his address said the Summit was founded on idea to develop economic cooperation among member states so that their people enjoy the fruits of economic prosperity.
He said trade between the member states is increasing which is an encouraging sign but it needs to be significantly enhanced.