Pak-India to consider trade through Khokrapar-Monabao border
KARACHI: Pakistan and India will consider
starting trade through Khokrapar-Munabao route during the meeting of their
commerce ministers in Islamabad on Wednesday as the two sides give final
touches to agreements on liberalisation of business visas and allowing banking
operations.
"I will propose my counterpart in Islamabad to open trade through
Khokrapar-Munabao border, similar to what is being done at the Wahga-Attari
border," said Indian Commerce Minister Anand Sharma on Tuesday on his
arrival at the Karachi airport from Lahore.
He was accompanied by Indian High Commissioner Sharat Sabharwal and several
other delegates. The minister is heading a delegation of over 120
businesspeople during his visit to Pakistan. He entered Pakistan on Monday
through Wagah-Attari border. His visit will conclude on Thursday.
Sharma said that the two countries should develop infrastructure across
Khokrapar-Munabao border to facilitate trade.
The central banks of the two counties – the Reserve Bank of India and the State
Bank of Pakistan - are giving final touches to an agreement for allowing Indian
and Pakistani banks to open branches in one another’s countries, he said.
"This is our crystal clear policy that India will definitely open its
banks' branches in Pakistan."
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Business News
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Wed, 15 Feb 2012
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Oil mixed in Asia
SINGAPORE: Oil was mixed in Asian trade Wednesday amid concerns about US
energy demand and tensions between the We
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Asian stocks mostly higher amid Greek debt doubts
HONG KONG: Asian markets were mostly higher Wednesday, despite
disappointing US retail data and eurozone finance m
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Euro falls on debt woes, dollar up against yen
TOKYO: The euro fell against the dollar in Asia on Wednesday amid worries
over Europe s debt woes while the greenb
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KSE inches up to 12,261 points
KARACHI: Share prices at Karachi Stock Exchange (KSE) ended marginally
higher on Tuesday as investors bought middl
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2nd day of CNG closure in Multan region
MULTAN: Multan region is facing CNG closure for the second consecutive day
while the citizens are distressed by th
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Asian stocks lower on Moody''s rating cut
HONG KONG: Asian markets were mostly lower on Tuesday after Moody s
downgraded its credit ratings on six European
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Euro under pressure after Moody''s downgrades
TOKYO: The euro was under pressure against major currencies in Asian trade
Tuesday after Moody s cut the debt rati
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Oil lower in Asia
SINGAPORE: Oil prices sank in Asia Tuesday as eurozone debt worries rose to
the fore once again after Moody s slas
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Apple launches new legal attack on Samsung phones
NEW YORK: Apple Inc raised the stake in an intensifying global patent
battle with Samsung Electronics by targeting
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Reception hosted for Indian commerce minister
LAHORE: Federation of Indian Chamber of Commerce and Industry (FICCI)
hosted a reception in the honour of visiting
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KSE recomposes 30-Index
KARACHI: The Karachi Stock Exchange (Guarantee) Limited has recomposed KSE
30-Index, effective from February 15, 2
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Local gold up at Rs50,228
KARACHI: Gold improved by Rs86 to close at Rs 50,228 per 10 grams in the
local market Monday as its international
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Rupee on the down vs dollar
KARACHI: On Monday, the rupee ended weaker at 90.80/85 to the dollar,
compared with Friday s close of 90.69/74/75
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Apex bourse lacks luster after PM indictment
KARACHI: Benchmark 100-Index of Karachi Stock Exchange (KSE) ended slightly
higher on Monday but in low turnover a
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Ministry of Finance clarifies news report
ISLAMABAD: A Spokesman of the Ministry of Finance has contradicted a news
item appeared in a section of the press
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LATEST/BRIEF NEWS:
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