Pakistan, India working to remove trade barriers

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Pakistan, India working to remove trade barriers
KARACHI - High Commissioner of India to Pakistan Sharat Sabharwal has said that some trade barriers needed attention from both sides and Commerce Ministries of two countries were working on it.

Karachi Chamber of Commerce & Industry (KCCI) organised a reception in honour of the High Commissioner of India to bid farewell on completion of his diplomatic assignment in Pakistan.

Speaking on the occasion, he recognised the vibrant role of Karachi Chamber of Commerce & Industry in socio-economic progress of Pakistan and to provide constructive proposals for enhancement in Indo Pak bilateral trade.

He voiced that Indo-Pak dialogues and subsequent developments are not only beneficial for two countries but would also integrate SAARC bloc. He registered his gratitude to business communities of two countries who cooperated and pushed the two governments to move forward.

He also admired strong support of Chairman Businessmen Group Siraj Kassam Teli in the process.

High Commissioner Sabharwal, on issues relating to Non-Tariff Barriers said that two governments signed 3 agreements viz. Customs Cooperation, Agreement on Mutual Recognition & Redressal of grievances which will be implemented after completion of all legal formalities to streamline bilateral trade.

He pointed out that one trade barrier was that only 138 trading items were allowed from Wagah-Attari land route while other items from India were transported to Mumbai and then o shipped to Karachi via sea. He stated that the negative list still needs to be phased out.

Chairman Businessmen Group & Former President KCCI Siraj Kassam Teli recognised the High Commissionerís efforts on confidence building measures between Pakistan and India and stated that he acted as a bridge between two nations.

Earlier, KCCIís President Muhammad Haroon Agar in his welcome note appreciated the efforts of Indian High Commissioner to foster economic, trade and friendly bilateral relations between Pakistan and India.

Expressing best compliments, Haroon Agar stated the High Commissioner Sabharwal successfully projected and promoted the interests of both countries.

Chairman Sindh Board of Investment and former President KCCI Muhammad Zubair Motiwala, exchanging views on the occasion pointed out the Pakistan and India both need energy. He informed that an Indian company at Rajasthan border was taking interest to exploit Thar coal reserves of Pakistan for producing energy and provide electricity to Pakistan on barter-basis.

Courtesy: †Nation

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