KCCI-TDAP for trade, investment between Pakistan and India

KARACHI: A four-member delegation of the Karachi Chamber of Commerce & Industry (KCCI) participated in a meeting with Pakistan High Commissioner Shahid Malik and CEO of Trade Development Authority of Pakistan (TDAP) Tariq Iqbal Puri at the latter’s office.

The delegation, consisting of President Muhammad Saeed Shafiq, Vice President Junaid Esmail Makda and former presidents M. Zubair Motiwala and Majyd Aziz, presented various recommendations and proposals to enhance bilateral trade and investment between Pakistan and India.

The KCCI team proposed concrete suggestions at the meeting between the commerce ministers of the two countries.

The proposals ranged from minerals, coal, textiles, steel, etc.

Saeed Shafiq informed that joint collaboration in steel would be very profitable for both countries. The recently inked MOU between KCCI and Bombay CCI was also deliberated and efforts of Junaid Makda were appreciated.

Motiwala, who is also Chairman Sindh Board of Investment, suggested sectors in the province where investment could be invited from India.

Majyd Aziz informed that Pakistan could export up to 150,000 tons of chrome ore to ferro-chrome plants in India but due to the heavy cost of freight Pakistan is missing out on exports of $45-$50 million per year.

Copyright PPI (Pakistan Press International), 2011