Business

India-Pak chamber: Muneer to continue as president

The current volume of trade between the two countries is approximately $5 billion.

Express January 12, 2011 Less than a minute read

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Federation of India Chambers of Commerce and Industry (FICCI) have mutually decided to extend the president-ship of India-Pakistan Chamber of Commerce and Industry (IPCCI) resting with SM Muneer from Pakistan for another term - 2011 – 2012.

Muneer expressed confidence that IPCCI will chalk out an extensive programme of activities for the next term for promotion of bilateral trade, which will ultimately benefit business communities of both countries.

The current volume of trade between the two countries is approximately $5 billion which is completely in favour of India as Pakistan has a nominal share of $500 million in it, he added.

He said that greater volume of trade between both the countries is being routed either through third countries or by means of smuggling. “This unofficial trade between both the countries needs to be channelised,” he said.

Published in The Express Tribune, January 13^th, 2011.