Pak-India Business Council (PIBC) and India-Pak Business Council (IPBC) have signed a Memorandum of Understanding (MOU) to work jointly to promote trade opportunities between both the countries.

Sardar Tej Paul Singh and Noor M Kasuri signed the MOU from their respective organisations. PIBC chairman Noor Muhammad Kasuri said on Sunday upon his arrival from India after a four week-visit. He said during the visit, he held meetings with heads of different chambers of commerce and Industry and other important business and trade persons of India. He said under this MOU the interested exporters and importers would be provided business linkages, proper information regarding demand and supply of different products.

“We will set up information desks for traders where they can get the latest knowledge required to them for the changing scenario of demand and supply of different items in both countries”, he added.

He said Pakistan exported number of items, including textile goods, marble, furniture, cement, gypsum to India while Indians exported agriculture machinery and livestock. The PIBC chairman said regional trade was a key to resolve economic issues and boost economy for both the countries.

Indian media, corporate sector and other stakeholders were convinced that they should work with Pakistan in fields of energy, petroleum gas product, railways, health, education and infrastructure facilities development, he said. He said the PIBC was playing role of a bridge to boost trade ties between both nations and would continue this in future. Kasuri also held a meeting with President Lahore Chamber of Commerce and Industry (LCCI) and apprised him about details of his visit to India.