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Pak govt. to consult businessmen before opening trade ties with India

Lahore, Jan. 17 (ANI): Pakistan will normalise trade relations with India after taking the business community on board for a fair and level playing field, said Ministry of Food Security Additional Secretary, Abdul Basit Khan.

Khan was highlighting efforts being made by Pakistan and India to streamline trade ties at a public-private dialogue organised under the European Union-funded Trade Related Technical Assistance (TRTA II) programme, reports The Express Tribune.

Khan stressed the importance of improved trade relations between the two countries for poverty reduction, economic growth and peace and stability in the region.

Secretary of Department of Industries, Commerce and Investment, Government of Punjab, Dr Shujat Ali, suggested that policy decisions pertaining to Pakistan-India trade should be based on comprehensive, empirical sector studies to assess the strengths and weaknesses and trade potential of each sector.

Pakistan and India can greatly benefit from bilateral trade, said Irfan Iqbal Sheikh, Senior Vice President of Lahore Chamber of Commerce and Industry (LCCI).

Sheikh stressed the need for formulating concrete policies for enhancing competitiveness in trade with India and called for consulting all stakeholders in this respect.

He asked the Pakistan government to come forward and create a level playing field for local businesses compared to their Indian competitors. (ANI)