Pakistan, Nepal agree to enhance trade ties
Pakistan Times Business & Commerce Desk

ISLAMABAD: Pakistan and Nepal Friday agreed to enhance trade ties and economic relations in different areas between the two countries.

This was decided in meeting between Binod K. Chaudhary head of the Nepalese delegation of Industrialists with Federal Minister for Industries, Production and Special Initiative, Jahangir Khan Tareen here. They discussed ways and means for extending economic and trade relations between the two countries.

The Minister while talking to the delegation members said that Regionalism is a key to success in current world, so both countries should try their best to realize this dream. He said the government was pursuing a liberal industrial policy, which was more competitive and conducive in the region.

He also accepted the invitation given by the delegation to visit Nepal along with a group of Pakistani businessmen and industrialists in order to explore further avenues to enhance cooperation between two countries.

Earlier, the delegation appreciated the economic reforms introduced by the government.

The delegation informed the minister that bilateral trade was limited to only 7 million dollars in 2003-4 , so there was a great need to enhance bilateral trade . In this regard, they suggested that there was a great scope of joint ventures in textile, leather, pharmaceutical sectors.

The meeting was also attended by the Additional Secretary (incharge) ministry of Industries and Production and a high official of the foreign ministry.●