Indian businessmen and professionals said on Monday that Pakistan Muslim League-Nawaz’s decisive victory in the election has rekindled hopes of improved bilateral trade and the granting of a Most Favoured Nation (MFN) status to India.
“We think bilateral trade between India and Pakistan is growing and will grow further in coming years,” Senior Manager-Exports, Raymonds, Durgesh Buxy, told The Express Tribune by telephone from Mumbai.
Raymonds, a renowned apparel brand of India, is going to launch its first store in Karachi by the end of this month.
“We are hopeful that we will get good response from Pakistani customers because we are a renowned name in world’s apparel market,” he said. We simply do business and do not want politics to affect trade relations between neighbouring countries, he added.
The outgoing Pakistan Peoples Party government had promised to grant an MFN status to India by December 2012, but failed to do so. Businessmen are hopeful that India will be granted this status during Nawaz’s tenure.