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COVER STORY
BUSINESS WITH INDIA

Title 24.jpg (33791 bytes)Bilateral trade between India and Pakistan is less than one per cent of the global trade. There are various factors responsible for the restricted and limited trade between the two nations. India-Pakistan trade is presently taking place through three channels i.e. informal trade, third country trade, and official trade. The size of unofficial trade is more than $ one billion while trade through official channels comes to around $200 million only. Trade between India and Pakistan should be liberalized in phases so that the domestic industries, which are likely to be affected due to Indian exports, get some breathing time to be able to compete with Indian goods. Liberalization of trade between the two countries however should be linked with the liberalization of import policy in India.


PAKISTAN'S ECONOMY
T
he continuing drought and water shortage have taken a heavy toll on Pakistan's economy. The good standing with international Financial Institutions has not yet helped in reviving widespread investment nor accelerating the pace of economic activity to meet the expectations of public at large. The balancing act between keeping the debt burden under control and achieving a healthy balance of payments remains the biggest challenge for the economic managers.


TWO MILLION TREES DESTROYED
A self-destructive and unchecked environmental degradation threatens the very survival of human and plant life in Pakistan. According to estimate some 2 million trees are destroyed each year just to manufacture crude wooden crates for fruits and vegetables, for both domestic and foreign markets. The callous cutting of trees on such a grand scale, some 10 million of them have been destroyed in last 5 years, deprives the air to cleanse itself, induce rains and serve as storm-barriers jeopardising the natural balance necessary to support quality human and plant life.


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