KARACHI: Measures for promotion of trade between Pakistan and the Gulf area were discussed between the two-member trade delegation from Bahrein and the Federation of Pakistan Chambers of Commerce and Industry last evening.

Speaking at a meeting of the Federation the leader of the trade team, Mr Abdel Rehman Alavi, said that the main purpose of his visit was to explore the possibility of setting up Pakistan House at Bahrein which could serve as a sales and display centre for the entire Gulf area.

The leader of the trade team suggested various measures for promotion of trade.

The Bahrein trade team also complained that Pakistan’s policy with regard to sale of rice created monopolists who exploited the situation to raise the prices. He said price of rice from Pakistan had jumped from 6 pounds sterling to 99 pounds sterling with the result that the Kuwaiti traders stopped purchase of Pakistani rice. He suggested that sale of rice through tenders should be abandoned by Pakistan and individual quota should be fixed for traders to break the monopoly of a few individuals. He added that Pakistan may have made some monetary gains by sale of rice by this method but it has lost its “fair name”.—Agencies 

More From This Section

From the past pages of dawn : 1964 : Fifty years ago : Opposition bargaining hard

RAWALPINDI: The Opposition is bargaining hard for securing an extension of the life of the present National Assembly...

From the past pages of dawn: Fifty years ago: Rs 7 crores for KU

KARACHI: A sum of Rs seven crores has been proposed for the Karachi University for completion of buildings and to...

From the past pages of dawn: 1964: Fifty years ago: Adult franchise demanded

KARACHI: The Working Committee of the Council Muslim League, which met in Karachi yesterday for about five hours ...

From the past pages of dawn: Fifty years ago: Cyclone hits

JESSORE: At least 75 persons were killed and 500 injured in a cyclone which ripped through the northern and southern...

Comments are closed.
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Front Page