World Bank claims Pakistan-India losing out on $35bn worth of trade

Thursday, 6 December 2018 16:00

The World Bank has claimed Pakistan and India is losing out on a potential $35 billion worth of trade between the two countries.

A report has revealed that trade between the nations is currently valued at a little over $2 billion, but it could be as high as $37 billion.

The study’s author believes the barriers that affect further economic integration include tariffs and para-tariffs, as well as a disproportionately high cost of trade.

Dawn News reports that economist Sanjay Kathuria said it was his belief that trust promotes trade, and trade fosters trust.

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