Pakistan exports to India show 66% growth

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NEW DELHI: Pakistan is reaping a clear peace dividend by opening up trade with India. Despite holding back on granting MFN status to India, Pakistan's cautious opening up of its economy to trade with India is giving the country handsome benefits.

According to latest figures of the directorate general of commercial intelligence and statistics of the ministry of commerce & industry, Pakistan's exports to India grew by 66% between April and December 2012 over the same period in 2011. During the period, India's exports to Pakistan grew by a more modest 16%. With a new liberalized visa regime in place, both countries can expect this figure to go up further, officials said.

Pakistan's exports to India in the first nine months of 2012 stood at $460 million, as against $277 million during April-December 2011. It exceeded Pakistan's exports to India for the whole of 2011, which stood at $401 million.

Courtesy: India Times

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