The zones would also be a gurantee of peace in the region and emerge as a binding factor between the two nations, said Pak-India Business Council (PIBC) chairman Noor Muhammad Kasuri talking to APP here on Sunday.

He said there was a possibilty of investment of about 40-50 billion $ by the Indo-Pak people living Europe and other countries.

"The PIBC is fully appreciative of the Agri support fund launched by US-AID for poverty alleviation", he said and urged the United States to play a role for setting up JEZs and also provide $1 billion support for setting up infrastructure for these zones.The PIBC would send a formal proposal to US representatives for the region soon, he said.

Kasuri said these zones would play a key role in poverty alleviation and socio-economic uplift of people in both the countries.

The PIBC cahirman said almost trade and industry representative bodies appreciated JEZs between India and Pakistan.