'Most Favoured Nation status to India could boost Indo-Pak trade to six billion dollars'

Karachi, Dec. 16 (ANI): With the Most Favoured Nation (MFN) status likely to be granted to India and phasing out of the negative list from 1,209 items in near future, bilateral trade between India and Pakistan is expected to touch six billion dollars in next three years from the present level of around two billion dollars.

This was stated by Rafeeque Ahmed, president of the Federation of Indian Export Organisations (FIEO), who is going to lead a 65-member delegation of Indian business community to Karachi from December 21-23, reports The Express Tribune.

Ahmed said FIEO in association with the Karachi Chamber of Commerce and Industry (KCCI) is organising the India Expo at the Karachi Expo Centre to provide a platform to businessmen of two sides to explore business opportunities.

He said that during the Expo, Indian companies will be exhibiting their goods from diverse sectors like diesel engines, generators, auto parts, hand tools, roofing sheets, solar energy and electrical products, plants and equipments for industrial gases, textile, fashion jewellery, footwear, spices, dairy and food, leather chemicals and pharmaceuticals, stationery, PVC, holograms etc.

He was hopeful that this will be a good opportunity for the business communities of both countries to have dialogue with each other. (ANI)


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