Economics & Business Indo-Pak Affairs

ADB for improving Pak-India bilateral trade ties

KARACHI: Asian Development Bank has taken the initiative to improve bilateral trade relations between Pakistan and India. The bank allocated US$7, 50,000 for preparing a technical report on the Regional Cooperation in South Asia for year 2030. South Asia is the most disintegrated region in the world, according to the ADB.

The volume of trade between regional countries is only two per cent of its total GDP while with East Asian countries, its share in GDP increases to 20 per cent. A seminar will be organized in October 2009 to prepare the said report. It will devise strategy to combat poverty and to resolve outstanding issues including political tensions, border conflicts and other problems faced by the two countries.-SANA

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Mubashar Nizam

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