Grant of NDMA to India will help Pak more: SAARC Chamber

Tags: News
Normalising trade relations with India and granting it non-discriminatory market access (NDMA) will help Pakistan more, SAARC Chamber of Commerce and industry said today.

The chamber's President Vikramjit Singh Sahney also said that opening up of Wagah-Attari border 24x7 as well as setting up of trade facilitation centre would further enhance trade relations between India and Pakistan.

"These measures would help Pakistan more which will be able to substitute its expensive imports from other countries thus saving considerable foreign exchange," Sahney said in a statement.

He said there is a potential to increase bilateral trade to $ 10 billion, from the current level of $ 2.7 billion.

As regards visas, he asked all the members of SAARC to issue 500 SAARC visa exemption stickers to bonafide businessmen of each member country against the current 200 with one year validity.

The members of the South Asian Association for Regional Cooperation (SAARC) are: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka and Afghanistan.

Pakistan has recently said that all stakeholders had been taken into confidence on the need for better bilateral trade relations with India.

Imports from India "should substitute our import from other countries which will save valuable foreign exchange", Pakistani Finance Minister Ishaq Dar had said few days back.

Pakistan has already missed its own deadline of December 2012 for giving India Most Favoured Nation-status.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Divestment of projects can help reduce corporate leverage ratio

    A big issue that impinges on a bank’s asset quality is corporate leverage.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

Today's Columns

Urs Schoettli

Lee’s legacy will always guide Singapore

LEE Kuan Yew, the father of modern Singapore, died last ...

Zehra Naqvi

Fishy tales

Any book that claims to follow fish pulls my mind ...

Bubbles Sabharwal

Relationships and bitter realities

It’s a tangled web we spin The relationships we make, break ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture