Islamabad: The Islamabad Women's Chamber of Commerce and Industry and the PHDCCI on Wednesday signed an MoU to promote trade and investment and improve linkages between business communities of the two countries.
The MoU was signed by Samina Fazil, founder president of the IWCCI and Ravi Vig, former president of PHDCCI.
A large number of business leaders from the two countries attended the signing ceremony.
The two chambers agreed to establish and develop commercial links between the business communities of both countries and their members.
According to the MoU, both trade bodies will endeavour to improve cooperation, assist trade missions, exchange information and find methods for promoting trade.
The two chambers will also organise seminars, exhibitions, trade fairs and other promotional activities.
Fazil said the objective of the MoU is to develop policies in trade, investment and tourism between Pakistan and India and expand the existing business base and increase understanding.
Both industry chambers have agreed on a work plan, which will cover information-sharing, networking, exploring opportunities, problem solving and reaching international markets, Fazil said.
The IWCCI is the first women's chamber from Pakistan that has signed a MoU with a foreign chamber, she added.
Vig said, "We aim to build solid relations between the two countries by working out ways and means for the betterment of the business community."
Pakistan announced earlier this year that it would grant India the Most Favoured Nation-status to normalise trade relations between the two countries.
The two sides plan to increase bilateral trade from the current level of USD 2 billion to USD 6 billion by 2014.


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