Shimla: To boost trade in the subcontinent, a visiting delegation of Rawalpindi Chamber of Commerce and Industry signed a memorandum of understanding with PHD Chambers for enhancing cooperation among industrialists, businessmen and entrepreneur community of India and Pakistan.
Speaking on the occasion Iqbal Ahmed, Vice President of Chamber of Commerce and Industry, Rawalpindi, said that Pakistan was regularly participating in various trade and commerce events in India.
He said that in times today, trading blocks like Euro zone, ASEAN were doing substantial business with their own regions but trade in the SAARC countries was yet to take off.
Giving comparative figures, he said that bilateral trade between India and Pakistan was abysmally low and it was only through a people to people and business community to business community contact that could boost trade between the two countries.
Heading a delegation which is here in connection will holding a five day mega mart cum exhibition Ahmed said that he was happy being in Himachal as such events would contribute significantly to improve bilateral relations.
PHD president Sandip Somany, who signed the MOU on behalf of the chamber said that ‘the agreement would prove beneficial in times to come.’
Business communities and the governments of both countries are serious about developing a good relationship and taking it forward, he added.
Dalip Sharma, Regional Director, PHD Chamber said that “the main objective of signing this MOU is to attract Investments and trade opportunities for trade community on both sides of the border besides developing mutual trust, patience and transparency”.
On Sunday, chief minister Prem Kumar Dhumal inaugurated the 5 day exhibition at which 40 exhibitors from Pakistan have put up on display cum sale a wide variety of products, which include garments, footwear, handicrafts, dry fruits, gems & stones, onyx marble artefacts, kitchenware, furniture and decorative items.