Processing .....please wait.. 
The article has been forwarded.... 
India, Pakistan to study economic pact
Monday, 13 December 2004, 20:30 IST
NEW DELHI: Pakistan has agreed to form a study group on an economic cooperation pact with India and the two countries feel bilateral trade can cross $1 billion annually, Commerce Minister Kamal Nath said Monday.
The assurance was given to him during a visit to Islamabad last month, where he met with Pakistan President Pervez Musharraf, among other senior leaders of the country, Kamal Nath told the Rajya Sabha.
According to the Indian commerce minister, both countries had agreed during his visit to the Pakistan capital that a push to economic ties was an essential component of enhancing their overall relations.
"The commerce minister of Pakistan (Humayun Akhtar Khan) informed me that Islamabad was ready for a joint study group for having an economic cooperation agreement between the two countries," Kamal Nath said.
He said Indian exports to Pakistan had risen 328 percent during the first four months of the current fiscal to $167.38 million, while unofficial trade, on the other hand, could be anywhere between $300-400 billion per annum.
Source: IANS
Source: IANS