Pak optimistic about boosting trade with India

   Apr 19, 10:51 am

Washington, Apr 19(ANI): Pakistan Finance Minister Abdul Hafeez Shaikh has expressed optimism regarding trade with India and added that he saw popular support for reviving ties with the neighbouring country and benefiting from its "dynamic" economy.

"There was a time when I used to evaluate Pakistan and I thought the best way for it to really develop is to relocate. I used to think that the best place for us to take Pakistan would be somewhere between Italy and Switzerland," The News quoted Shaikh, as saying.

"Now I've changed my mind because the parts that I thought we should be located in (Europe) aren't doing that great in terms of growth and where we are is the most dynamic part of the world," he added.

But Shaikh said that the new trade initiative enjoyed firm support of both business and political leaders.

"It reflects considerable thinking and it shows the economic merit that's there. So I personally feel quite optimistic that this is an area where the payoffs are there," he added.

The South Asian Association for Regional Cooperation has repeatedly vowed to boost economic ties, but such promises have made little headway due to constant friction between India and Pakistan. (ANI)

Diesel prices slashed by Rs 3.60 per litre; petrol by Rs 2.43 Jul 31, 11:01 pm
New Delhi, July 31 (ANI): Indian Oil Corporation Ltd. has decided to slash diesel and petrol prices by Rs. 3.60 and Rs. 2.43 per litre respectively.
Full Story
Viacom acquires 50 percent stake of Prism TV group Jul 31, 5:41 pm
New York/Mumbai, July 31 (ANI): Reliance Industries Limited-owned Viacom Inc. today announced the acquisition of a 50 percent stake in Prism TV Private Limited for 9.4 billion rupees (Approximately USD 153 million).
Full Story
Telangana IT minister to launch Techwave's USD 5 m global delivery center Jul 31, 4:56 pm
Hyderabad, July 31 (ANI-Businesswire India): Telangana's IT Minister K.T. Rama Rao will formally inaugurate
Full Story
Insurance company valuations remain an enigma, reveals CII-Towers Watson study Jul 31, 4:36 pm
New Delhi, July 31 (ANI): With the government increasing the FDI limit to 49 percent, there is a keen sense of anticipation within the Indian insurance industry that is expecting a flush of foreign investment in the sector.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY