Pakistan opens door to all Indian products

LAHORE - SALMAN ABDUHU — The Federal government’s decision to liberalise trade with India and cabinet approval to eliminate negative list by year end are going to open country’s doors to Indian products whereas Pakistan has nothing significant to export India except raw gypsum, salt and dry fruits.

As per Federal Board of Revenue, Pakistan would face revenue loss of Rs3 billion per annum after normalisation of trade with Indian especially when South Asian Free Trade Area (Safta) tariffs become operative from January 2013.