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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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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln