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E-mail ID will not be published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

  • It will take at least 4 more quarters for corporate bottomlines to turn around

    Aggregate numbers from corporate results in the June quarter of 2014-15 are hardly different from the previous six quarters, with no positive surprise

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

COLUMNIST

Tushar Gandhi

Dealing with a sin called insensitivity

Rage and the notion of being above the law — ...

Kuruvilla Pandikattu SJ

India’s greatest gift to the world

What we hear most often about India these days is ...

Gautam Gupta

Why must innerwear be our best kept secret?

While women’s outerwear rules the marketing roost in India, unfortunately, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture