Newsline-International | June 2016
Pak sees scope in made-ups, RMG
Pakistan Federal Minister for Commerce Khurram Dastagir Khan has said that Pakistan aims at increasing exports to India to $1 billion within a year, as made-up textiles products and ready-made garments have great potential to make their way to Indian markets. He was chairing a meeting of the Pak-India Business Council in Islamabad recently.
The delegation was headed by Yawar Ali Shah who briefed the minister on their recent visit to India and outcome of the meetings held with the country’s business and trade stakeholders. Due to land route, Pakistan is the most favourite and cost-effective market for India in terms of importing raw material for their agriculture and textile products, the federal minister said. He was of the view that trade concessions to India cannot be offered unilaterally. India also needs to extend access to Pakistani products with preferential duty regime, he added. Dastagir also informed the delegation that the ministry had restructured the National Tariff Commission (NTC) in line with the legal framework guided by the Supreme Court.