جمعہ، 3 اگست، 2012
The trade diplomacy
The Indian government has lifted the curbs it had placed on Pakistanis investing in India, causing Pakistan Foreign Office to welcome the step even though business circles warned that this would increase the flight of capital from Pakistan.
The offer is mainly aimed at India harvesting the crop of profit from Pakistani investors. Allowing individuals and corporates to move capital out of Pakistan was scarcely a step to applaud when the country itself need big foreign inflows to boost its economy and bolster external balances. If India is really sincere in Pakistan's economic face lifting, it should remove the ban on Indians investing in Pakistan and make the offer mutually beneficial because attracting Indian investment into Pakistan, rather than siphoning off already depleting investment from Pakistan to India, is what we need right now.
The Pakistan government must ensure that India eliminates the non-tariff barriers it has erected, and which are the secret of its surplus with Pakistan as well as other countries, and while it must be ready for equitable trade, it must not do the wrong thing for the wrong reasons. If India was to see that Pakistan was a sovereign country, willing to make trade agreements only with those who paid attention to its national interests, it would be more careful.
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لیبلز: India Pakistan Trade Diplomacy New Delhi Islamabad Bangladesh, Sri Lanka and Middle Eastern African countries Kashmir South Asian Free Trade Agreement