The Karachi Chamber of Commerce & Industry (KCCI) and Bombay Chamber of Commerce have inked an agreement to establish Bombay-Karachi Joint Chamber of Commerce & Industry (BKJCCI) to enhance bilateral trade between the countries.
According to a KCCI announced here on Tuesday, the agreement took placed the other day by a high-level business delegation led by Junaid Esmail Makda, Vice President KCCI, during their visit to India.
The prime objective of delegation to India was advocacy to enhance Indo-Pak bilateral trade and signing of cooperation agreement with Bombay Chamber to establish Bombay-Karachi Joint Chamber of Commerce & Industry.
The KCCI vice president said that KCCI & Bombay Chamber have signed the historic cooperation agreement to establish Bombay-Karachi Joint Chamber of Commerce & Industry which will prove as a vital step forward step for India and Pakistan in promoting bilateral business and economic ties.
Speaking at the occasion, Ashok Barat, President, Bombay Chamber of Commerce & Industry reiterated the need for taking effective and practical steps for boosting commercial ties between India and Pakistan.
In his comments Makda it was also a growing demand by the business communities of the two neighbouring countries that a joint body should be formed to address the visa issues viz. Multiple business visas for all cities as issued for SAARC for the businessmen of both countries.