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Wednesday, May 22, 2024

Business Community vows to boycott Indian Products

News Desk |

President Islamabad Chamber of Commerce & Industry, Sheikh Amir Waheed has said if Indian leadership did not change its current approach towards Pakistan, the business community of Pakistan would keep boycotting Indian products.

Commenting on India’s negative reply to Pakistan’s negotiations offer, he said that Prime Minister Imran Khan had taken a wise step by offering India to start dialogue process at foreign ministers level, but Indian leadership after accepting this offer has backtracked that has created disappointment in the business community of Pakistan.

He said that “due to this unwise approach of Indian leadership, the business community of Pakistan has decided to boycott Indian products till the time the Indian leadership does not change its approach to normalize relations with Pakistan”.

President ICCI said that according to a latest study of World Bank, Pakistan and India has the potential to increase annual trade volume from current $2 billion to $37 billion, but the shortsighted approach of Indian leadership was the biggest hurdle in realizing this huge trade potential between the two close neighbors.

Read more: Indian Fruit ban is an opportunity for Pakistan

He said Pakistan was a peace-loving country and wanted to maintain friendly relations with all its neighbours as the peaceful environment was the key requirement to promote trade relations. However, it was unfortunate that the political and military leadership of India was deprived of wisdom and farsightedness due to which the two nuclear powers of South Asia were unable to improve trade relations up to the real potential.

He said that the Indian business community also wanted to promote trade relations with Pakistan which was beneficial for both nations. He said that India and Pakistan were struggling against poverty and unemployment and promoting trade was the best means to address these issues. He said India would gain nothing by maintaining tense relations with Pakistan as tense relations always discouraged business and investment.