Pakistan-India Economic Cooperation: Business Leaders Discuss Roadmap

Islamabad: The recent political development between India and Pakistan has encouraged businesses leaders to evolve a strategy for further deepening of economic cooperation between two countries to the extent of their true potential.

Renowned business leaders from Pakistan, Mr. Tariq Sayeed, Vice President CACCI, Former and Founder President SAARC CCI and Former President FPCCI, Mr. S. M. Muneer, President India-Pakistan CCI and Former President FPCCI and Mr. Iftikhar Ali Malik, Vice President SAARC CCI and Former President FPCCI, recently met President Mr. R.V. Kinoria the President and Dr. Rajiv Kumar, Secretary General FICCI to exchange views and to discuss possible roadmap to promote economic cooperation. Mr. Zubair Ahmed Malik, Mr. Zubair F. Tufail, former Vice Presidents of FPCCI and Malik Suhail Hussain were also present during the discussion.

Mr. S. M. Muneer stated that no meetings of India-Pakistan Chamber of Commerce and Industry (IPCCI) have taken place during last three years. In view of the importance of IPCCI, both the sides expressed strong determination for reactivation of IPCCI, through restructuring and induction of active members, promotion of B2B meetings and frequent exchange of trade delegations on reciprocal basis.

They regarded recent visit of Indian Commerce Minister to Pakistan as a milestone achievement and emphasized for seizing this opportunity to explore the untapped economic potential.

Mr. Tariq Sayeed and Mr. Iftikhar Ali Malik impressed upon the leadership of FICCI to play its role towards the restoration of SAARC Visa Exemption Stickers scheme on previous terms i.e. one year multiple entry Visa instead of the newly introduced policy, which was a serious obstacle in promotion of business in South Asia. They demanded for a flexible and pro- business Visa regime in South Asia, while asserting the need for withdrawal of city restrictions and improving the immigration process at ports of entry and exit.

In respect of SAARC CCI, they requested the FICCI to organize Executive Committee Meetings in cities like Bangalore, Kolkata, Chennai and such commercial hubs other than Delhi and Mumbai.

The Secretary General FICCI Dr. Rajiv Kumar assured that his organization will take immediate appropriate action to tackle the SAARC Visa issue and bilateral Visas with the relevant authorities in India.

For more information, contact:
Syed Masood Alam Rizvi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road, Shahra-e-Firdousi,
Karachi-75600, Pakistan
Tel: +9221 3587 3691
Fax: +9221 3587 4332

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