Karachi : SAARC Chamber of Commerce Vice President Iftikhar Ali Malik has said that efforts are being made to increase trade between SAARC countries.
Taking to media here, he noted at present trade between SAARC countries is around 6 percent and efforts are being made to increase it and achieve jump of 10 percent by the end of current year.
Referring to government of Pakistan’s announcement to give Most Favored
Nation (MFN) status to India, he said that this move will not only improve political relations but also increase bilateral trade and investment between them. He was hopeful that increase in trade will also help to resolve other disputes between the two countries.
Malik said that future of trade lies with Asia and added that China and
India have already opened their markets for Pakistan as well as Chinese investors are prepared to invest in Pakistan in a big way.
He advised Pakistan’s business community to concentrate on these two big markets and added that if they will succeed it will help bring economic stability in the country.
Replying to a question, he said that Chinese like Pak products. FPCCI has recently opened its two branch offices in China to facilitate business community and display Pak products, he said.