Mumbai: In a sign of improving bilateral ties, Pakistan Commerce and Trade Minister Makhdoom Amin Faheem will begin a five-day visit to India from Mumbai Monday.
He will be the first Pakistani minister to visit India’s financial hub since terrorists attacked the city nearly three years ago, plunging bilateral ties to a new low. Faheem will be accompanied by an 80-member delegation comprising the elite of Pakistan business.
The visit is aimed at promoting bilateral trade with a strong possibility of Pakistan announcing a step forward on the Most Favoured Status (MFN) for India. The two sides are also expected to focus on liberalizing the visa regime for businessmen.
Faheem will address an India-Pakistan business conclave Tuesday at the iconic Taj Mahal hotel in Mumbai. Top CEOs from Indian and Pakistani companies are expected to highlight business opportunities and synergies between the two countries.
Faheem’s visit builds on the positive atmosphere generated by the talks between foreign ministers of India and Pakistan in June this year, during which the two sides unveiled a host of steps to boost cross-Kashmir trade and travel.
Faheem will hold talks with his Indian counterpart Anand Sharma in New Delhi Sep 28. He is also expected to call on Prime Minister Manmohan Singh. Ahead of the crucial talks, India is hopeful that Pakistan will grant MFN to it or at least move from the positive to negative list of goods that it does not want to import from India.
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