|Liberalization of Pak-Indo trade to bring prosperity: Waleed Saigol
Friday, 07 March 2014 19:56:57
Liberalization of Pak-Indo trade to bring prosperity: Waleed Saigol
LAHORE, Mar 7 (APP): Pakistan-India trade can cross the
$10 billion mark in a few years, after liberalization of bilateral
It will also bring peace, progress and prosperity
as both countries have enormous untapped business potential and a large
middle income consumer market.
These views expressed by leading industrialist and Director Koh-e-Noor
Textile Mills Waleed Saigol in an interview with APP here on
He said the government was making sincere efforts and moving on
the right path to improve trade ties with India.
He expressed the optimism that Pakistan will emerge as Asian
tiger under the dynamic leadership of Prime Minister Nawaz Sharif
and Punjab Chief Minister Shahbaz Sharif.
The challenges like shortage of energy and terrorism will be tackled by
the government to strengthen the economy. He said government efforts to control both issues had started yielding results.
He said that Pakistan would be bigger beneficiary of liberalized trade
between the two countries as our industrialists and exporters would get a bigger market.
He said that trade through land routes and via train should be
given preference as it would not only be turning the part of the
country a hub of economic activities but also result in boom for the
real estate sector in Lahore.
"People in the property sector would be among big beneficiaries
as their earning could double with increase in Indo-Pak trade
volumes," he said.
To a question about shortage of electricity in the country,
Waleed Saigol said there is a need to focus on developing consensus among
all federating units to build big dams to ensure availability
of cheaper electricity.
On the investment scenario, he said Prime Minister deserved full
marks as a large number of foreign investors were ready to invest in Pakistan because of consistence support of the government to
increase investment and its long term policies.
He said businessmen were confident the economic
situation would improveme further. He suggested the government
privatize only loss making units.
While terming the GSP Plus status a great achievement of the present
government, he said it would add to $2 billion to our
export earnings besides creating thousands of new jobs.
About cement, he said its prices in Pakistan were the lowest
in the world with highest quality standards.