KARACHI: Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and India Pakistan Chamber of Commerce and Industry (IPCCI) have welcomed Indian Government's decision for opening the door for Pakistani's to make investment in India.
In a statement issued here on Thursday, President FPCCI Haji Fazal Kadir Khan Sherani, former president SAARC Chamber Of Commerce and FPCCI, Tariq Sayeed and President India Pakistan Chamber of Commerce and Industry, and FPCCI , S.M. Muneer described to move very important to strengthen bilateral economic ties and economic cooperation which is in the interest of both the nations.
President FPCCI Haji Fazal Kadir Khan Sherani said that it will definitely benefit Pakistani investors and industrialists.
More important is, he said, when Indian authorities are going to lift ban on Indian investors to invest in Pakistan. Indian investors were interested for investing in various economic sectors of Pakistan, he maintained.
He also suggested that both the countries should also enhance the scope of trade by including investment in each other countries with joint ventures.
He said that India is the biggest market of the world and Pakistan manufacturers and exporters should make the maximum use of this market by aggressive marketing of their quality products.
Tariq Sayeed said that this is bold decision by the Indian Government will go a long way in eliminating poverty and help uplift the standard of living of the 40 million people of both the countries living below the poverty line.
On the bilateral trade relations, he said that normalization of trade with India is in the interest of both the countries because it would help them strengthen their national economy and boost their economic activities in the region.
President India Pakistan Chamber of Commerce and Industry, S.M. Muneer has welcomed the decision and suggested that all NTBs in the way of bilateral trade should be removed and all decisions taken in the past particularly the opening of bank branches in both the countries should be implemented
He also congratulated Indian Commerce Minister, Anand Sharma on this historical achievement, which is the result of his endeavors.
He also appreciated the role of High Commissioner of India in Pakistan, Sharat Sabarwal, Commercial Counsellor of India Arvind Sexena and Minister Trade of Pakistan High Commission, Naeem Anwar.
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