LAHORE: The trade volume between India and Pakistan can be enhanced up to $10 billion.
The trade should be on equal and fair basis, said Acting President Lahore Chamber of Commerce and Industry (LCCI), Mian Tariq Misbah, while talking to APP on Sunday.
He said that non?tariff barriers, difficulty in visa issuance and other problems faced by traders should be controlled to enhance trade.
He said that improvement in trade between the two countries would benefit the people across the border.
Mian Tariq said the LCCI had demanded the government take more effective steps to control under-invoicing, as smuggling and under-invoicing were hitting the national exchequer hard.
“There is billions of dollars under-invoicing which is causing hug losses to the national exchequer in the shape of duties and taxes”, he said.
He said the LCCI had constituted a committee to prepare recommendations for controlling under-invoicing which would be forwarded to the Ministry of Finance for action.
To a question on rupee-dollar disparity, he said that there should be a ban on the business of `Hundi’ in the country.
The inter-bank transfer of dollar should also be monitored strictly, he said.
The acting LCCI president also praised the government’s action against electricity and gas thieves.
He also urged the government to focus on construction of new water reservoirs with a view to reduce the price of electricity.