LAHORE:
Former finance minister and renowned economist Dr Hafeez Pasha claimed that Pakistan should give incentives to India on items being imported from other countries, especially China.
“We should think strategically, not emotionally, on trade issues,” he said.
“Giving duty concessions to India on items that we import from China under the Free Trade Agreement will create competition between the two countries for the Pakistani market. This will economically benefit Pakistan.
He further believed that the economy is in recession and bilateral trade is diminishing.
“India’s exports to Pakistan have reduced 19%, whereas Pakistani exports to India have also witnessed a cut of 9% this year,” said Pasha.
“Similarly, cotton yarn exports to China, which have witnessed a massive increase in previous years, have also observed a decrease of 20%,” he claimed, according to sources.
