India, Pak market regulators plan tie-up
India and Pakistan agreed on Thursday to enhance co-operation in capital market regulation, civil aviation, shipping, telecom, and banking sectors.
By Agencies |
DELHI: India and Pakistan agreed on Thursday to enhance co-operation in capital market regulation, civil aviation, shipping, telecom, and banking sectors. Decisions to this effect were finalised at the two-day secretary level talks between the two countries which concluded here on Wednesday.
Both sides agreed for an MoU between the Securities and Exchange Board of India (Sebi) and the Securities and Exchange Commission of Pakistan, a statement said. The two regulators would exchange information and explore technical assistance.
Negotiations on establishment of a fibre optic link between Amritsar and Lahore is expected to be initiated soon. The two sides would also discuss opening of bank branches in each other���s country.
Cooperation in banking is expected to help in enhancing bilateral trade. The statement said the two sides would also continue talks on boosting bilateral trade.
A meeting to review the Shipping Protocol of 1975 and the Air Services Agreement would be held in Pakistan in September. The second meeting of the Joint Study Group (JSG) on trade liberalisation is also to be held in Islamabad.
The JSG meeting would be preceded by the meeting of the sub-groups on non-tariff barriers and customs co-operation and trade facilitation to formulate recommendations for consideration by the JSG.
The Indian side at the two-day talks was led by commerce secretary SN Menon, while the Pakistani team was headed by acting commerce secretary Syed Asif Shah.
Both sides agreed for an MoU between the Securities and Exchange Board of India (Sebi) and the Securities and Exchange Commission of Pakistan, a statement said. The two regulators would exchange information and explore technical assistance.
Negotiations on establishment of a fibre optic link between Amritsar and Lahore is expected to be initiated soon. The two sides would also discuss opening of bank branches in each other���s country.
Cooperation in banking is expected to help in enhancing bilateral trade. The statement said the two sides would also continue talks on boosting bilateral trade.
A meeting to review the Shipping Protocol of 1975 and the Air Services Agreement would be held in Pakistan in September. The second meeting of the Joint Study Group (JSG) on trade liberalisation is also to be held in Islamabad.
The JSG meeting would be preceded by the meeting of the sub-groups on non-tariff barriers and customs co-operation and trade facilitation to formulate recommendations for consideration by the JSG.
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The Indian side at the two-day talks was led by commerce secretary SN Menon, while the Pakistani team was headed by acting commerce secretary Syed Asif Shah.
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