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Pak-India trade can be enhanced to $25b

Pak-India trade can be enhanced to $25b

KARACHI: Southern Gujarat Chamber of Commerce and Industry (SGCCI) President Kamlesh Yagnik has said that total trade volume between Pakistan and India can be increased to $25 billion by reducing informal trade.

In a meeting with the Karachi Chamber of Commerce and Industry (KCCI) members, Yagnik said that direct trade, circular trade and informal trade (smuggling) have been taking place between Pakistan and India.

“Informal trade should be reduced to boost economic relations of both the countries,” he said. “The agreed volume of annual bilateral trade of $25 billion between the two governments can be achieved by discouraging informal trade.”

The Southern Gujarat Chamber of Commerce and Industry (SGCCI) in India is preparing case of easing visa policy for Pakistani businessmen with the concerned authorities in India.

This was revealed by President SGCCI Kamlesh Yagnik during a meeting with Pakistani businessmen at Karachi Chamber of Commerce and Industry (KCCI) on Wednesday.

“Every single Pakistani businessman is keen to do business with India,” Yagnik claimed while referring to his meetings with various representatives of Pakistani business community.

He said that trade between neighbouring countries need to be maximised and business communities should unite and work more closely in this regard.