‘Time ripe to enhance cross LoC trade’
Slathia hopes banking will replace barter
GK NEWS NETWORK
Jammu, Dec 28: Maintaining that time was ripe to enhance the trade and business across LoC, Minister for Industries and Commerce, S S Slathia today urged governments of India and Pakistan to sink their differences in the interest of the people of both the countries.
He said that huge expenditures incurred to guard borders could be invested in development and poverty alleviation programmes by the both the governments.
Addressing a public meeting at Kesso Manhasan, Vijaypur today, Slathia, according to an official statement, said that the centre and the state governments were keen to restore all trade links with neighbouring county.
The minister hoped that plan to introduce bank facilities for trade across LoC was under active consideration of the external affairs ministries of both the countries to replace existing barter system, which, according to him was cumbersome for the traders.
Slathia said that revival of trade ties between the two the countries was one of the important confidence building measures, which needed focused attention of both the nations.
He hailed the ongoing dialogue process between India and Pakistan, hoping that it would prove fruitful for the people of both countries especially J&K.
Lastupdate on : Fri, 28 Dec 2012 21:30:00 Makkah time
Lastupdate on : Fri, 28 Dec 2012 18:30:00 GMT
Lastupdate on : Sat, 29 Dec 2012 00:00:00 IST
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