Search Result for : India Pakistan Trade

The Dollar Business Bureau A fresh draft proposal that is circulated among the member states of Nuclear Suppliers Group (NSG) in early December could pave the path for India to become a member of this elite group, however, this is unlikely to take place before the end of Obama administration next month.  The push from the US for India to become a member of the Group would now have to be taken over by the incoming president Donald Trump as the outgoing President Barack Obama is unlikely to fulfill the promise made to the Narendra Modi Government before its tenure ends on January 20, according to sources. A draft formula for the membership of NSG to countries such as India and Pakistan which are not ...

PTI Pakistan has lifted an "undeclared" ban on import of ginned cotton from India, days after rejecting a consignment of 10,000 bales of cotton from India citing violation of plant quarantine rules by importers. Earlier, the Department of Plant Protection (DPP) of the Ministry of National Food Security and Research put cotton imports from India on hold through Wagah and Karachi port from November 23, saying the shipments did not fulfil phyto- sanitary conditions, Dawn newspaper reported.The rising border tensions between the two neighbours had prompted Islamabad to impose the ban on 10,000 bales of cotton worth $3.3 million from India."The DPP has started issuing permits for importing cotton from India via Wagah. But the DPP has also made it clear to ...

The Dollar Business Bureau The Federa­tion of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday warned it would consider suspending trade ties with India if the situation between the two nations did not improve soon. FPCCI president Abdul Rauf Alam said Pakistan did not have any obligations to continue business and trade relations with its neighbour under the current hostile conditions. He reiterated that the Pakistani business community was united to take appropriate action and considering the current tense situation, Pakistan is finding it difficult to continue its trade relations with India. Referring to the Kalabagh dam and the China-Pakistan Econo­mic Corridor (CPEC), Alam said, these projects have already been facing controversies from the neighbouring countries and that if such opportunities are lost ...

The Dollar Business Bureau The informal trade between India and Pakistan is projected to be more than $5 billion, nearly double the official bilateral trade between the two neighbours having a history of chequered relations, said a study by ASSOCHAM.  The paper by ASSOCHAM on “India-Pakistan Trade” is based on well-studied documents and reports by more than top 50 think tanks and research firms, including Indian Council for Research on International Economic Relations (ICRIER), yearly reports of the Ministry of Home Affairs, Institute of South Asian Studies-National University of Singapore, Lahore Journal of Economics, among others. “Traders/Smugglers mainly carry out the informal trade between Pakistan and India through the exchange of goods at the Indo-Pakistan borders as well as ...

The Dollar Business Bureau India - Pakistan bilateral trade stood at $339.43 million during the first two months of financial year 2016-17.  India’s exports to Pakistan reached $278.75 million during April-May, while imports were $60.68 million.   Commerce and Industry Minister Nirmala Sitharaman said Prime Ministers of India and Pakistan had a brief meeting in May 2014 and that could be used further as a roadmap to normalise full trade between the two neighbours.  "No bilateral trade meeting between India and Pakistan has taken place since then and there is no progress on the agreed roadmap," the commerce minister said in a written reply to the Lok Sabha. Pakistan had agreed to remove all trade restrictions through Attari/ Wagha border in September 2012, providing transition non-discriminatory status to India ...

The Dollar Business Bureau The All Pakistan Textile Mills Association (Aptma) has rejected the demands to stop importing cotton from India. These demands were made by the Senate Committee on National Food Security and Research. According to this committee, Pakistan’s agricultural economy will be ruined if its government does not prevent the import of 0.5 million bales of cotton from India via the Wagah Border. As there is an adequate stock of cotton lint with Trading Corporation of Pakistan (TCP), the observations made by the Senate Committee are baseless, Aptma Chairman Tariq Saud said in a statement on Thursday. In a recently held meeting under the leadership of Commerce Secretary, the officials of the TCP have confirmed that a balance stock available ...

. Sai Nikesh | The Dollar Business Pakistan on Monday said that the uneven trade prevailing between India and Pakistan is affecting Pakistan’s economy on a larger scale and the balance of trade is heavily in favour of Indian economy. Pakistan’s high Commissioner to India Abdul Basit said, “Providing Most Favored Nation Status (MFN) to India will adversely affect Pakistan’s economy because of the uneven trade. So, India should take adequate measures to increase imports from Pakistan to get MFN status.” Abdul Basit was speaking at a conference on Enhancing India-Pakistan trade, organized by the Indian Council for Research on International Economic Relations (ICRIER), in New Delhi on Monday. Highlighting the number of non-tariff barriers imposed by India on ...

Sai Nikesh D | The Dollar Business Pakistan farmer organisations have held a rally in Lahore this week, opposing the import policy of agri and food products from India which has led to a surge in agri and food imports from India in recent years. According to sources in Pakistan, all major farmers’ associations — Kissan Board Pakistan, Farmers Associates Pakistan, Kissan Ittehad, Awane Zaraat, Sindh Tas Water Council, and Punjab Water Council – have come together to demand the withdrawal of the March 2012 statutory notification which allowed duty-free import of 137 items through Wagah border. Pakistani farmers say that the Wagah border is close to India’s Punjab, which is considered the food bowl of India, and ...