Banking Channel is essential for Indo-Pak Trade
Amanullah KhanSaturday, September 28, 2013 - Karachi—The bilateral trade and economic development process will continue irrespective of political differences between Pakistan and India as the business fraternity of India has great affection for Pakistan is considered her as a potential country. This was stated by Mr Arun Kumar Saxena leader of Indian Delegation during his meeting with the members of FPCCI at Federation House Karachi attended by large members including Mr. S.M. Muneer President India Pakistan CCI and FPCCI Vice President Mir Naveed Jan Baloch,
While speaking on the occasion he emphasized on the need of establishment of banking channels between the two countries which is essential to burgeon bilateral trade and eliminate the uncertainty between the business community of India and Pakistan. He also highlighted the activities of Confederation of Indian Industry who has direct and indirect 30000 membership from different sectors is determined to intensify interaction between the business community and indentify new areas of joint ventures. He offered that Pakistan should make use of the expertise of India in IT sectors, food processing particularly sea food, CNG cylinder, agri products particularly pesticide, pharmaceuticals, automobile, artificial jewellery etc while Pakistan has great advantage in textile, leather, sports goods, surgical items, wooden furniture etc. he also invited Pakistani companies for participation in a Trade Fair being organized by CII from 9 – 10 October 2013. He also suggested that on the boarder of waga there should be a meeting place where business community could meet each other without any visa requirement.
While welcoming the delegation Mr. Zubair Ahmed Malik, the President of FPCCI said that FPCCI also considers India a great potential market and for its exploration FPCCI has made aggressive plan of activities including visiting of trade delegation, participation in trade fairs and organizing solo exhibitions in India with the most recent example being his participation in the Global Economic Summit held in Mumbai this week. He said that there are numerous areas where both the countries can collaborate, including sports goods, surgical instruments, gemstones, textile and leather. He further informed that FPCCI is also organizing Pakistan’s official participation in