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Trade with Pakistan up in first seven months of 2006/07

22
Feb '07
There has been a phenomenal increase of 129% in India's trade with Pakistan in the first seven months of the current financial year from April-October 2006-07. Two-way trade has reached a record figure of US $ 977.03 million.

This comprises India's exports to Pakistan valued at US $ 789.13 million and India's imports from Pakistan valued at US $ 187.90 million. India's imports from Pakistan have been growing at a steady pace – 87% in 2005-06 and 86% in April-October (2006-07).

This was indicated at a meeting between Shri Kamal Nath, Union Minister of Commerce & Industry, and Mr. Hamid Yar Hiraj, Pakistan's Minister of State for Commerce, here.

The Pakistani Minister is leading a 187-member business delegation to India, the largest ever business delegation from Pakistan to India.

The two Ministers underlined the desire on both sides to boost bilateral trade and to promote economic and commercial cooperation within the framework of composite dialogue.

Press Information Bureau, India


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