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$1.92b Pak-India trade swelled to $3.28b: HC for taping potential to strengthen each other

Lahore –As Pakistan and India have the potential to become a growth opportunity for each other, both the countries should take collective measures for mutual benefit, said Indian High Commissioner in Pakistan TCA Raghavan has.

Addressing at the Lahore Chamber of Commerce & Industry, he said that trade volume between India and China is likely to reach $100 billion mark by the end of this year.  He also agreed that hurdles coming in the way of mutual trade should be removed on priority basis.

He said, “We have to move forward and take wider view of the mutual trade. He said that in the recent years, the Indian economy has emerged as one of the fastest growing economies of the world.” He said that both countries could enhance cooperation in various sectors of economy.

He added that there is immense potential in the tourism sector between Pakistan and India, especially religious tourism that has so far just been fractionally exploited.  He said that both countries need to create an environment to let the healthy competition prevail. Pakistan and India are capable of supplementing each other to attain win-win situation.

LCCI President Ijaz Mumtaz said in 2012, the total trade was around USD 1.92 billion which swelled to USD 3.28 billion in 2013. In that period, Pak exports to India increased from USD 348 million to USD 403 million. Similarly, the imports from India have shown increase by reaching to USD 1.87 billion from USD 1.57 billion.

2015-02-21
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