AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

kashmir-tradeSRINAGAR: Traders have welcomed measures to boost cross-LoC (Line of Control) trade announced by India and Pakistan in disputed Kashmir trade, and have welcomed the announcements as “encouraging.”

“It is a welcome development but we were expecting more,” Kashmir Chamber of Commerce & Industry KCCI President Nazir Ahmad Dar said. He said it was disappointing that there was no mention of basic demands of cross-LoC traders like banking facilities and scrapping of trading list.

“Banking facility is basic requirement of any trade. We had also demanded that items allowed for trade through LoC routes should be expanded and trade itself should be demand driven,” he said.

Dar said the two countries should allow free travel of traders across the LoC and they should be granted permits valid for two to three years. “We had also sought that trade should be Rupee-based.”

Hilal Ahmad Turki, general secretary Salamabad-Chakothi Traders Association hoped these measures will help strengthen confidence between two countries. India, Pakistan Foreign Ministers in talks Wednesday, announced measures to boost trade and double number of trading days from two to four a week (Tuesday to Friday).

A list of 21 products of permissible items for Cross-LoC trade will be respected by both sides with working group between two countries to review trading list to further specifying permissible items to facilitate cross-LoC trade.

Both countries will facilitate regular meetings between chambers of commerce and traders of both sides.

“Hopefully, with the announcement, connectivity will be extended to us as we are active on the ground and there is hardly any role of chamber in contemporary trade,” Turki added.

 

Copyright PPI (Pakistan Press International), 2011

 

Comments

Comments are closed.