Why Pakistan should revive trade with India for the betterment of its economy Pakistan’s fortune will be made only by trade with India! Earning billions of dollars by doing business through Dubai, then what kind of arrogance?
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tough decision to be made
Mansha is the chairman of Nishat Group. He is also known as Mukesh Ambani of Pakistan. Quoting Mansha, it has been said in an interview that his country will have to show seriousness in doing business with India. In an interview, Mansha said that the tension between the two countries is a different matter and the disputed issues also have their place, but the restoration of trade is necessary to change the face of the country. He said that Pakistan does not need to change its policy on Sir Creek, Siachen or Kashmir. He said that like India, Pakistan also needs to adopt a tough policy for economic reforms.
Quarrels and business separate
Mansha clarified his point by giving the example of the ongoing tension between India and China. He said that in the last three years there has been tension between India and China several times over Arunachal Pradesh. In such a situation, the trade of both the countries should have been zero. But there was trade of $115 billion between China and India. If you believe in the intention, then India and China are very intelligent that both the countries quarrel and trade remains in its place. According to the intention, the economic history of Indo-Pak is a witness that it was never considered right for both the countries to trade and fight together.
What is business history
Pakistani experts said that the first war with India took place in 1948 over Kashmir. In that year, Pakistan imported 25 percent of the goods from India to meet its needs and sold 56 percent of the goods to India. This clearly means that even in the first war, both the countries remained economic partners of each other. This situation remained till 1956. There were 14 economic agreements between the two countries including non-imposition of double tax on each other’s goods. There was neither any restriction on the arrival of any item nor any restriction was imposed on any goods going to India. Flour used to go from Bengal to East Pakistan.
The Afghan Transit Trade Agreement was signed in Kabul in May 1958. According to this, India was allowed to trade with Afghanistan through Lahore and Torkham. In January 1962, a consensus was reached between India, Nepal and Pakistan that East Pakistan and Nepal could trade through India. Eight custom posts were set up in Punjab between the two countries. Goods were checked till Wagah Border, Lahore, Lahore Railway Station.
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Things worsened since 1965
There were nine branches of six Indian banks in Pakistan. While a branch of Pakistani Habib Bank opened in Mumbai. When the second war broke out between the two countries in January 1965, the officers posted at the customs posts were taken prisoner. Eight years later, in 1972, the Shimla Agreement laid emphasis on the restoration of economic relations. Economic relations between the two countries started in 1974, but they were not as before. Rather, this time only things included in a list could be traded.
difference between saying and doing
From 2008 to 2019, there was some trade between the two parts of Kashmir. Pakistan may have been saying that till India does not restore Article 370 in Kashmir, then there will be no trade with it. But the reality is different from this. In the year 2022, there is a trade of $ 135 million between the two countries via Dubai. Experts believe that trade between the two countries can go on even in the midst of a dispute. It also means that the economic relations between the two countries are not related to Kashmir and other issues, but to mutual anger between the governments of the two countries.
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