Pakistan to increase trade with India: Gilani

November 23rd, 2011 - 12:37 pm ICT by IANS  

Yousuf Raza Gilani Islamabad, Nov 23 (IANS) Pakistan would gradually increase trade with India and ensure that the interests of local industry would not be undermined, Prime Minister Yousuf Raza Gilani has said.

Gilani told Sultan Mahmood, former prime minister of Pakistan-administered Kashmir, that the interests of the local industry would be taken care of, reported Associated Press of Pakistan.

On Nov 2, Pakistan granted MFN (most favoured nation) status to India, reciprocating a 15-year-old gesture.

Trade between India and Pakistan, currently at around $2.5 billion, is expected to double over the next three years on account of Pakistan granting MFN status to India.

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