The decision of Pakistan and India to open trade doors to tap the existing potential of bolstering mutual trade will greatly benefit their people.
In its latest issue the ‘Economist’ commenting on the decision of the two neighbours said the current bilateral trade last year was $2.6 billion while trade between New Delhi and Beijing in the same period was $100 billion.
Imports of Pakistani cement are now soaring. A smart new customs post at Wagah is speeding the flow of goods.
Other crossings may open. Pakistanis may now invest directly in India’s economy. Indian petrol may next be sent westward, with electricity to follow, it stated.
Moreover, economic pragmatism is beginning to appear between India and Pakistan. Both governments are daring to break with history. It is a difficult and brave thing to do, the leading British magazine concluded.
Published in The Express Tribune, May 17th, 2012.
More in PakistanMedia agency: Omnicom Media Group moves to new office