Pakistan opening up to India

Full Story: The Financial Express

In the wake of taking steps of declaring India the MFN status, despite opposition form the mainstream opposition parties, Pakistan is finally opening up to India for trade and warming up its economic relations. This is considered by economic strategists as a timely step in the right decision to stabilize fragile Pakistan economy which is growing at a snail paced 3% annually as against that of 8% of India. Pakistan has suffered from floods for the last two consecutive years and its growth prospects are very little at least for now. Pakistan's tilt towards India may have come as India's withdrawal of its rejection from the preferential EU market access for Pakistan.

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Posted in: Market, Relations