Easy ac­cess of bank­ing ser­vices can bol­ster Indo-pak trade

The Pak Banker - - Front Page - M Ja­hangir Hayat

LAHORE

The Deputy Chief Min­is­ter of In­dian Pun­jab Sukhbir Singh Badal has said that easy ac­cess of bank­ing ser­vices to the Pak­istani and In­dian traders and in­dus­tri­al­ists in each oth­ers’ coun­tries can boost up trade and busi­ness to a sig­nif­i­cant level.

Both the gov­ern­ments need to fo­cus on the sec­tor be­sides stu­dent ex­change pro­gramme needs to be ac­ti­vated in the larger ben­e­fit of the peo­ple of the two sides.

The In­dian Deputy Chief Min­is­ter was ad­dress­ing the busi­ness­men at the Lahore Cham­ber of Com­merce and In­dus­try. LCCI Pres­i­dent Fa­rooq Iftikhar, Se­nior Vice Pres­i­dent Ir­fan Iqbal Sheikh, Vice Pres­i­dent Mian Abuzar Shad, for­mer Pres­i­dents Mian Ashraf, Tariq Hameed, Vice Pres­i­dent SAARC Cham­ber of Com­merce Iftikhar Ali Ma­lik, Mian Mis­bah- ur- Rehman, Mian An­jum Nisar, Mian Muzaf­far Ali, Mo­ham­mad Ali Mian, Ir­fan Qaiser Sheikh and Con­vener LCCI Stand­ing Com­mit­tee for Pak- In­dia Trade Pro­mo­tion Aftab Ah­mad Vohra also spoke on the oc­ca­sion. The Leader of the In­dian del­e­ga­tion RS Sachdeva gave very valu­able sug­ges­tions in his brief ad­dress. Sukhbir Sing Badal said, by the year 2013, the In­dian Pun­jab would have sur­plus elec­tric­ity and would be more than will­ing to ex­port to Pak­istan.

He said that a ma­jor por­tion of elec­tric­ity is be­ing pro­duced through coal while more than 500 MW from re­new­able sources like biomass, wheat­straw and Rice-straw.

He said that an­other 500 MW So­lar elec­tric­ity would be added to the na­tional grid in next five years. He said that elec­tric­ity for Agri­cul­ture is free in In­dian Pun­jab while the in­dus­try en­joys a lot of in­cen­tives. The big­ger ones have more in­cen­tives than the mid­dle and the smaller. The In­dian Deputy Chief Min­is­ter said that the trade be­tween Pak­istan and In­dia could go up to 10 bil­lion dol­lar from only $ 2 bil­lion in short­est pos­si­ble time pro­vided both the sides take sec­tor-spe­cific mea­sures. Elab­o­rat­ing the point he said that the dis­tance be­tween Lahore and Am­rit­sar is only of 35 min­utes while the goods com­ing through a third coun­try cost ten times more than that through di­rect trade. In­dia is one of the big­gest economies in the re­gion and of­fers in­nu­mer­able op­por­tu­ni­ties to Pak­istani busi­ness­men.

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