Pakistan's exports to India in April-December 2012 grew by 66 percent over the same period in 2011, while India's exports to it increased by 16 percent, officials said Wednesday.
The signs of business along the Line of Control (LoC) between the two sides of Jammu and Kashmir have started re-appearing, and the cross-border trade and travel would likely be resumed Monday, said an official source on Sunday.
Truck movements at the Attari land border, between India and Pakistan, have not been affected despite escalating tensions along the de facto border or the Line of Control (LoC), according to an official working at a government warehouse on the Indian side.
Indian exporters are blaming poor infrastructure, at the Attari land border with Pakistan, for delays in truck movements. But officials manning the government warehouse near the Indian check post claim the Pakistan-side is responsible for these delays.
Motivated by the response received at PHD-PITEX 2012, in Amritsar, India, Pakistan's traders now want to attend trade fairs elsewhere in India. The five-day long PHD-PITEX international trade fair opened on December 6.
Punjab deputy chief minister Sukhbir Singh Badal Monday went across the international border in Attari to explore more avenues of overland trade with Pakistan's Punjab province and help change the geopolitics of the subcontinent.
With trade between India and Pakistan growing steadily since 2007 when trucks from either side were allowed restricted access to the other country, Punjab now wants to open up border trade with its neighbours in a big way.
In a bid to strengthen bilateral economic relations, India and Pakistan will soon sign agreements for liberalising visa norms for business travellers, Commerce and Industry Minister Anand Sharma said Tuesday.
Pakistan, which reportedly consumes about four lakh tons of paper annually, is not a huge market for India’s paper manufacturers, according to a large Indian paper mill. Pakistan recently agreed to the import of newsprint from India and might allow imports of other kinds of paper by the year end, according to a news report.
The arrival of a 17-member Pakistani delegation into India, through the Attari land border, is a positive sign for greater trade prospects for both countries, according to trade bodies. Relations between the two countries hit rock bottom following the 2008 terrorist attack on India’s financial capital, Mumbai.