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Pak-India joint economic zone proposed
Published: November 29, 2010
LAHORE (APP) - Pak India Business Council (PIBC) Pakistan on Sunday presented three proposals to promote trade relations between India and Pakistan by removing formal and informal trade barriers.
The proposals were approved in the PIBC meeting presided over by its Chairman Noor Muhammad Kasuri here.
The proposals include setting up of joint economic zone between both the countries, making energy corridor from Turkmenistan-Afghanistan-Pakistan to India and Qatar-Iran-Pakistan to India.
Such an energy corridor would help to overcome energy shortfall in Pakistan besides earning billions of dollars for the country as a transit charge. Such earning would have multiple benefits for economy of Pakistan to help the country to successfully counter various challenges on financial side.
The meeting also proposed exchange of experts delegations between both the countries to find out new opportunities to develop trade and investment in both the countries.
The proposals would be send to the stakeholders, media organizations, trade and commerce bodies, intellectuals and parliamentarians in both the countries, the PIBC chairman said addressing the meeting.
He said that the whole world including the USA and China was looking for tapping the trade potentials of fast growing Indian economy.
Published: November 29, 2010
LAHORE (APP) - Pak India Business Council (PIBC) Pakistan on Sunday presented three proposals to promote trade relations between India and Pakistan by removing formal and informal trade barriers.
The proposals were approved in the PIBC meeting presided over by its Chairman Noor Muhammad Kasuri here.
The proposals include setting up of joint economic zone between both the countries, making energy corridor from Turkmenistan-Afghanistan-Pakistan to India and Qatar-Iran-Pakistan to India.
Such an energy corridor would help to overcome energy shortfall in Pakistan besides earning billions of dollars for the country as a transit charge. Such earning would have multiple benefits for economy of Pakistan to help the country to successfully counter various challenges on financial side.
The meeting also proposed exchange of experts delegations between both the countries to find out new opportunities to develop trade and investment in both the countries.
The proposals would be send to the stakeholders, media organizations, trade and commerce bodies, intellectuals and parliamentarians in both the countries, the PIBC chairman said addressing the meeting.
He said that the whole world including the USA and China was looking for tapping the trade potentials of fast growing Indian economy.
