Busi­ness­men of Pak­istan, In­dia should strive for im­proved trade

Greater Pak-In­dia trade to nor­malise bi­lat­eral ties

Pakistan Observer - - ECONOMY WATCH - STAFF RE­PORTER

IS­LAM­ABAD—High Com­mis­sioner of In­dia to Pak­istan Gau­tam Bam­bawale on Thurs­day said road to nor­mal­i­sa­tion of bi­lat­eral re­la­tions is in the in­ter­est of Pak­istan and In­dia while the key to it lies through greater trade, busi­ness and com­merce. He said that the list of com­modi­ties which can be traded and ex­changed be­tween Pak­istan and through Wa­gah Bor­der should be in­creased to re­duce cost of do­ing busi­ness for the en­trepreneurs of both coun­tries.

Gau­tam Bam­bawale said this while talk­ing to Ab­dul Rauf Alam, Pres­i­dent FPCCI. Chair­man United Busi­ness Group Iftikhar Ali Ma­lik, CEO TDAP SM Muneer, VP FPCCI Za­far Bakhtawri, Zubair Tu­fail, Khalid Jaweed, Zubair Ahmed Ma­lik, Tariq Sadiq, Noor Ahmed Khan, Shakil Dhin­gri and oth­ers were also present. Bam­bawale said that there should be more trade shows and ex­hi­bi­tions in each other’s coun­try. In this re­gard, HC wel­comed the hold­ing of “Alis­han Pak­istan 2016” ex­hi­bi­tion at New Delhi in Septem­ber 2016 and as­sured all out co­op­er­a­tion by In­dian au­thor­i­ties.

He said that both coun­tries should make it eas­ier for busi­nessper­sons to visit the other coun­try. Visa reg­u­la­tions should be lib­er­al­ized which will re­sult in en­hanced trade and will bring peo­ple of two coun­tries closer. Trade be­tween In­dia and China was just US $ 1 bil­lion in 2000 but has risen to US $ 75 bil­lion in 2015 de­spite dif­fer­ences, adding that we want to ex­pand trade with Pak­istan in the same man­ner and Pak­istan should also think on these lines, he in­formed.

Speak­ing at the oc­ca­sion, Pres­i­dent of The Fed­er­a­tion of Pak­istan Cham­bers of Com­merce and In­dus­try (FPCCI) Ab­dul Rauf Alam said that trade be­tween Saarc na­tions is lim­ited and very costly due to tar­iff and non­tar­iff bar­ri­ers. He said that gov­ern­ments and busi­ness com­mu­nity of Pak­istan and In­dia should strive to bring the two na­tions closer while some sus­tain­able steps are re­quired for build­ing trust which is im­per­a­tive for the de­vel­op­ment of both na­tions. CEO TDAP asked the In­dian High Com­mis­sioner to ease is­suance of visa to bol­ster trade while Khalid Jaweed de­manded im­port of plant and machin­ery through Wa­gah bor­der as im­ports through Cal­cutta add to the cost of do­ing busi­ness. Za­far Bakhtawri de­manded waiver of con­di­tion of po­lice re­port­ing in is­suance of visa while Iftikhar Ali Ma­lik said that Saarc Cham­ber Build­ing in Is­lam­abad would be in­au­gu­rated by Saarc lead­ers dur­ing the Saarc Sum­mit sched­uled on Novem­ber 10 and 11.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.