FPCCI, and Federation of India Chambers of Commerce and Industry (FICCI) have mutually decided to extend president-ship of India Pakistan Chamber of Commerce and Industry (IPCCI) resting with S.M. Muneer from Pakistan for another term i.e 2011-2012.
S.M. Muneer is the third President of IPCCI since its establishment under a MoU between FPCCCI and FICCI in April 1999, said a release from Federation of Pakistan Chambers of Commerce and Industry here on Wednesday.
Muneer, who is a leading and prominent businessmen and industrialist, has expressed his confidence that IPCCI will chalk out extensive program of activities for the next term for promotion of bilateral trade and economic relations.
The current volume of trade between the two countries is approximately dollars 5 billion which is in favour of India as Pakistan has a only share of dollars 500 million, he said.
He further stated that in his recent meeting with the Indian Commerce Minister and Secretary of Foreign Affairs of India has given hope of opening up new economic avenues whereby Pakistan can enhance her exports to India.