Home / Knowledge / News / India-Pak bilateral trade can touch US$6bn by 2015
India-Pak bilateral trade can touch US$6bn by 2015
25
Dec '12
Backed by probability of Pakistan conferring the Most Favoured Nation (MFN) status on India, and phasing out of the negative list, bilateral trade between the two nations is likely to grow three-fold from the existing US$ 2 billion level to US$ 6 billion over the next three years, according to Federation of Indian Export Organisations (FIEO) President Rafiquee Ahmad 
 
Speaking at a meeting of FIEO and Lahore Chamber of Commerce and Industry (LCCI) in Lahore Mr. Ahmad said there is good opportunity in India for Pakistani entrepreneurs and they should exploit it.
 
LCCI President Mr. Ifthkhar said the two countries can spot areas of mutual economic cooperation, giving rise to joint ventures, technology sharing and outsourcing opportunities. He said presently Pakistan’s exports to India hardly sum up to one-sixth of what it directly imports from India.
 
The meeting was unanimous that infrastructure issues are impeding growth of trade between the two countries. Projecting land route as the most economical option, they said it costs much less to transport a container through Wagah border, rather than shipping it through Mumbai-Dubai-Karachi route. 
 
They said rather than getting more competitive, both the countries should try to find out ways and means to develop cooperation. Enhanced mutual ties between the two countries would extend necessary support to the South Asia Free Trade Zone, which would unleash new opportunities for other regional countries, they added.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search