Pakistan promises free trade with India
Islamabad: Pakistan would grant India the status of Non-Discriminatory Market Access (NDMA) to facilitate enhanced bilateral trade, Commerce Minister Khurram Dastigir Khan has said. Talking to the media after addressing members of Hyderabad Chamber of Commerce and Industry (HCCI), Khan described Prime Minister Nawaz Sharif’s visit to India this week as positive and said he did not indulge in reactionary diplomacy.
Bilateral trade between India and Pakistan touched USD 2.6 billion in 2012-13, an increase of 34.4 percent over last year’s USD 1.94 billion.
Various sections in Pakistan, especially the extreme right wing, had objected to the term ‘Most Favoured’ being given to India because of the history of issues between the two sides. India had already granted MFN status to Pakistan in 1996.
Earlier, addressing HCCI members, Khan said Pakistan’s energy crisis would be overcome to a great extent by 2016.
The government is planning to take energy production to 40,000 megawatts and it is trying to switch over to coal-based power from furnace oil.
Speaking at a gathering of growers arranged by Sindh Abadgar Board in Hyderabad, he said that India with other regional markets can boost exports of the country.
“We shouldn’t be apprehensive of India’s products and markets. Positive list has been replaced with negative list in PPP government and barring a few things all kind of trade with India is open since 2012,” he said.
“Besides India, countries like Iran, Afghanistan and Gulf region are attractive markets waiting our products. We can make better returns but we must first organize ourselves,” he said.
Referring to North America Free Trade Agreement and Association of Southeast Asian Nation, Khan said Pakistan’s economy would struggle to grow if it remains confined to its borders.
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