1.   

Two Pakistani, three Indian banks to begin operations from next year

Two Pakistani and three Indian banks will commence operation in each other country by March 31, 2013; this was stated by Trade Minister at Pakistani High Commission in New Delhi Naeem Anwar while addressing the members of Karachi Chamber of Commerce and Industry (KCCI) here on Tuesday. He said that the interested banks have been directed to complete documentation before November 30, 2012, and started functioning before March 31, 2013.

2.   

U.S., India discuss ways to lower trade barriers

The U.S. Treasury Secretary, Timothy Geithner, and U.S. Federal Reserve Board Chairman Ben Bernanke, on Wednesday, met leaders from corporate India in a closed-door meeting organised by the Confederation of Indian Industry (CII) to discuss issues such as India’s ongoing reform process and the economic climate.

3.   

India, Myanmar bilateral trade likely to double

The bilateral trade between India and Myanmar is expected to more than double by 2015. According to U Kyaw Swe Tint, Consul General of the Republic of the Union of Myanmar, the trade is likely to grow from $1.28 billion in 2010-11 to $3 billion in 2014-15. Agriculture, health, education, mineral resources and pharmaceuticals could be key areas of co-operation to enhance trade between the two nations.

4.   

J&K governor to raise cross LoC trade issues with Sushilkumar Shinde

Jammu and Kashmir governor will be pushing the demands of cross LoC traders with the Union home minister, Sushilkumar Shinde, during his forth coming visit to the state, government said on Wednesday. The traders have long been insisting for an institutionalized approach from central government for the resumption of trade between the two parts of Kashmir ruled by India and Pakistan.