Pak-India trade still a fraction of $40 billion potential
ISLAMABAD: Pak-India Despite government’s greater flexibility to normalise trade ties with India, bureaucratic hurdles, high Indian import tariffs and lack of infrastructure are obstacles in expansion of bilateral trade having annual potential of $40 billion, says a former senior official of the International Monetary Fund.
In the medium term, studies show that Pak-India trade can easily be multiplied 20 times, said Dr Mohsin S Khan, former director of the IMF. He was speaking at a seminar on “Expanding India-Pakistan Trade” organised by Pakistan Institute of Development Economics here on Monday.
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