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India potential market to enhance trade: Baig

Federal Advisor on Textiles Dr Mirza Ikhtiar Baig was the chief guest at the consultative meeting on trade normalisation and FDI prospects for India and Pakistan organised by the Sustainable Development Policy Institute at a local hotel. Dr Baig talked about FDI prospects and opportunities with India. He said that this consultative meeting is very much reconcile with his efforts to enhance bilateral trade and investment between India and Pakistan.

Regional trade is the successful model and looking at the Indian large market, India is one of the potential markets for Pakistan to enhance our trade. He reiterates that Pakistan can collaborate in Textile, IT, light engineering, cement, petroleum products, pharmaceutical sectors, etc with India.

He also said that both governments have already worked hard for the tariff reduction under Safta, removal of all tariff and non-tariff barriers, visa liberalisation and enhancing private sector contacts through exchange of delegation and trade fairs. The seminar was attended by Dr Shahida Wizarat, Majyd Aziz, S M Muneer, Haroon Askari, Kara Babrowski and Ms Huma from US Consulate, D.W. Jinadasa Consul General of Sri Lanka and Vaqar Ahmed.-PR

Copyright Business Recorder, 2012



 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln