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PHENOMENAL INCREASE IN TRADE WITH PAKISTAN IN FIRST SEVEN MONTHS OF 2006/07 – PAKISTANI MINISTER OF STATE FOR COMMERCE MEETS KAMAL NATH
Date : 19 Feb 2007
Location : New Delhi
There has
been a phenomenal increase of 129% in India’s trade with Pakistan in the first
seven months of the current financial year from April-October 2006-07. Two-way
trade has reached a record figure of US $ 977.03 million. This comprises India’s
exports to Pakistan valued at US $ 789.13 million and India’s imports from
Pakistan valued at US $ 187.90 million. India’s imports from Pakistan have
been growing at a steady pace – 87% in 2005-06 and 86% in April-October
(2006-07). This was indicated at a meeting between Shri Kamal Nath, Union
Minister of Commerce & Industry, and Mr. Hamid Yar Hiraj, Pakistan’s Minister of
State for Commerce, here today.
The
Pakistani Minister is leading a 187-member business delegation to India, the
largest ever business delegation from Pakistan to India.
The two
Ministers underlined the desire on both sides to boost bilateral trade and to
promote economic and commercial cooperation within the framework of composite
dialogue.
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