February 3, 2022
1 min read

Backchannels working between New Delhi, Islamabad: Pak bizman

Trade relations between Pak­istan and India have been suspended since August 2019….writes SANJEEV SHARMA

Leading Pakistani businessman Muhammad Mansha claims that backchannels are working between Islamabad and New Delhi that will hopefully yield good results, Dawn news reported.

“If things improve between the two neighbours, Indian Prime Minister Narendra Modi could visit Pakistan in a month,” the chairman of Nishat Group told a gathering of businessmen at the Lahore Chambers of Commerce and Industry on Wednesday.

He advised the two countries to resolve their disputes and start trade to fight poverty in the region.

“If the economy does not improve, the country may face disastrous consequences. Pakistan should improve trade relations with India and take a regional approach to economic development. Europe fought two great wars, but ultimately settled for peace and regional development. There is no permanent enmity,” the Dawn news report quoted Mansha as saying

Trade relations between Pak­istan and India have been suspended since August 2019.

There have been reports of backchannel talks last summer between the two economies of the region brokered by a Gulf state, the Dawn report said.

The businessman emphasised the importance of improving relations with countries in the neighbourhood and said one of the reasons for Europe’s development was its softening of borders and promotion of bilateral trade.

He further said that in no other country gas was supplied through pipes and resources wasted on such a large scale.

“The system is a burden on the state and major changes are needed in the structure of the bureaucracy.”

On the domestic front,Mansha said “progressive, market-oriented policies” were the key to success. Through price control to capital market operations, reducing trade barriers and minimising state influence on the economy, especially through privatisation and austerity, Pakistan can truly achieve rapid growth.

ALSO READ: Jakhar’s revelation triggers new crisis in Punjab

Previous Story

All parties fielded candidates with criminal history in UP

Next Story

Pakistan’s security situation remains grim

Latest from -Top News

Bangladesh Rejects Dar’s 1971 Claim

During his two-day Dhaka visit, the first in 13 years, Dar made the claims after meeting interim Foreign Affairs Advisor Hossain…reports Asian Lite News Bangladesh has rejected Pakistani Deputy Prime Minister and

London Puts Beijing on Hold

The proposed embassy, earmarked for the site of a historic two-century-old building near the Tower of London, has been bogged down in dispute for more than three years…reports Asian Lite News The

Fiji PM Rabuka Begins First India Visit

The visit comes just weeks after India and Fiji held the 6th round of Foreign Office Consultations (FOC) in Suva, Fiji, in July 2025….reports Asian Lite News Fiji’s Prime Minister Sitiveni Ligamamada

Modi all set for Japan, China visits

By travelling to both Tokyo and Tianjin within the span of a week, Modi is set to balance strategic partnerships with Japan and cautious engagement with China – two relationships that will
Go toTop

Don't Miss

Naval forces conclude exercise Malabar 27th edition

The Ministry of Defence said that the Indian Navy was

Peace in border basis for normal India-China ties: Jaishankar

The two sides have also completed verification of each other’s