New Delhi, Dec 10 (KNN)  Emphasizing the need to allow imports from India of products that are not produced in Pakistan, an industry body chief from Pakistan said that it is time to take action and bold steps.

Speaking at an interactive session organized by PHD Chamber with a delegation from Lahore Chamber of Commerce and Industry, Pakistan, here yesterday, President, Lahore Chamber of Commerce and Industry, Sohail Lashari, mentioned that there is a need to create awareness about each other’s trade policies, business and regulatory procedures.

He stressed the need to change the existing investment laws in both the countries.

“Elaborate customs procedures and difficult visa regimes act as hindrances on economic cooperation between the two countries.

Also, communication hindrances need to be tackled immediately and there should be specific rules and regulations between India and Pakistan,” Lashari said.

Considering that tourism is an important sector; he believes the tourist movement should be promoted further.

On the other hand, High Commissioner of Pakistan to India, Salman Bashir said, “It is time to capitalize on strengths such as technology, knowledge and capital.”

He said that developing cordial trade relations with India is a priority for the Government of Pakistan.

He emphasised the fact that Chambers can play a very crucial role in organizing business delegations, which serve as a stepping stone towards improving economic and commercial relations between India and Pakistan.

A lot can be learnt from the existing cooperation among the other Asian economies. South Asia, particularly India and Pakistan should also follow the example. Also, private sector needs to show the way towards increased economic cooperation, Bashir added. (KNN/SD)