Karachi: Sindh Governor, Dr. Ishrat Ul Ebad Khan on Tuesday said that there is a big positive change in approach and policies in Pakistan and India at the government, businessmen and general public level, after great realisation that both the countries are natural partners in many ways.
“Today, we have political will and our cabinet has formally approved to give Most Favourable Nation (MFN) status to India” and Pakistan business community is also keen to do business with India and enter joint ventures with their counterparts, Dr. Ishrat Ul Ebad Khan said.
There is also visible progress in dialogue between both the countries at various levels including the Prime Ministers, Foreign and Commerce Ministers and the Secretaries’ level, he said.
The President and Prime Minister of the present Pakistan government are also keen to develop and foster business, trade and economic ties with India, leading to an overall normalisation of ties, he further said.
Sindh Governor apprised this to Indian Commerce Minister Anand Sharma in a separate meeting at the Governor House and then addressing a joint meeting of all Indian delegates and a group of Pakistan business leaders, there.
Indian Commerce Minister Anand Sharma, Indian Secretary of Commerce Dr. Rohul Kherllar, Pakistan Ambassador to India Shahid Malik, Chief Executive of Trade Development Authority of Pakistan (TDAP) Tariq Puri, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Senator Haji Ghulam Ali, President of India Pakistan Chamber of Commerce and Industry, S.M. Muneer, senior business leader Senator Abdul Haseeb Khan, Advisor to Sindh Chief Minister on Investment and a leading businessman Muhammad Zubair Motiwala, Vice Presidents FPCCI Engr. Muhammad Usman, former presidents of Karachi Chamber of Commerce and Industry, Siraj Kassam Teli, Anjum Nisar, Haroon Farooki, former chairman Korangi Association of Trade and Industry, Mian Zahid Hussain were prominent.
The Governor agreed with the Indian Commerce Minister that strong economic ties and increased interaction between the two business communities and the societies would help in resolution of even
Contentious issues between the two countries.
“We would have to move forward for the good of both the nations, “he emphasised. He noted that high ranking Indian trade delegation’s visit to Pakistan and detailed meetings with the Government functionaries and the private sector people shows their keen interest to do trade with Pakistan.
Sindh Governor Dr. Ishrat Ul Ebad Khan expressed satisfaction over the meaningful dialogue process. It has started showing good results.
Pakistan business community especially from Karachi is very keen to increase trade and investment between both the countries. Karachi alone has a huge economic potential, he said.
He regretted that both countries were doing business indirectly via Dubai and underlined the need for increasing direct trade which would greatly help in bringing an economic and social revolution in both the countries.
He said the revival of Monabao Khokharapar train service would prove very effective to achieve this goal. He stressed upon maximum exchange of cultural delegations besides those of business. Pakistan has also big prospect of religious tourism for Indian people as they have similar sentiments, Dr. Ebad said.
Indian Commerce Minister Anand Sharma and other delegates reciprocated positively. The Indian Minister said that the only way forward is to improve environment for enhanced economic activity that would be very beneficial for both the countries.
We would have to look forward and move on; starting with positive list of trade items, he said adding that there were many sectors where both the nations could benefit from each other.
He noted that public sentiment on either side was very positive besides advancement in dialogue between the two Governments.
Anand Sharma said that during a meeting with Pakistan Commerce Minister Makhdoom Amin Fahim he requested him to work further for boosting the bilateral trade and investment.
He elaborated that MFN status given to each other by India and Pakistan is nothing new. It is a part of World Trade Organisation (WTO) regime and both the countries are signatories to it.
“MFN should be seen only in business terms,” he said. He agreed that increased interaction at different levels including the peoples’ visits would change the approach and policies for each other.
Indian Commerce Secretary, Dr. Rohul Kherllar said we are very optimistic for strong economic ties in both the countries soon.
President India Pakistan Chamber of Commerce and Industry, S.M. Muneer appreciated the role of Indian Commerce Minister Anand Sharma for promoting economic partnership in the two neighbouring
Countries. He assured full cooperation and support on behalf of Pakistan business community to further the agenda.
Advisor to Sindh Chief Minister on Investment Muhammad Zubair Motiwala emphasised on strengthening of SAARC as this forum would greatly help in resolution of all issues between Pakistan and India.
He informed that a high profile business delegation from Karachi would visit India soon to find and discuss with Indian counterparts the trade and investment opportunities on both the sides.
For more information, contact:
Sindh Governor House
Syed Wajahat Ali
Press Secretary to Governor
Tel: 99201217, 99201201-3