FIEO to conduct 3-day trade expo in Pakistan this year
Chennai: The Federation of Indian Export Organisation (FIEO) is planning to conduct a "Trade Expo" in Pakistan later this year.
The expo is aimed at boosting the bilateral relationships between the two countries, FIEO President M Rafeeque Ahmed said on Monday.
"FIEO would be taking a business delegation to Pakistan and would organise three-day Trade Expo at Karachi from November 16", Ahmed said in a statement.
Noting that the signing of new visa agreements between the two countries was "pragmatic", he said, it would give a "push to India-Pakistan bilateral relationship beyond economic ties".
"The visa rules will increase exchange of trade delegations and business interactions giving a boost to trade and investment", he said.
In 2010-11, the bilateral trade between India and Pakistan stood at USD 2.7 billion.
The Reserve Bank of India has permitted inward and outward of foreign direct investments from Pakistan and all these initiatives augur well for the business community, he added.
India and Pakistan last week signed the much-awaited liberalised visa agreement, introducing for the first time group tourist and pilgrim visas, separate visa for businessmen and visa on arrival for those over 65 years of age.
The agreement was signed between External Affairs Minister S M Krishna and Pakistan Interior Minister Rehman Malik and it replaced a 38-year-old restrictive visa agreement between the two countries.