Finance
Minister Shankar Koirala is going to Islamabad on Saturday to take part in the
sixth meeting of Joint Economic Commission between Nepal and Pakistan scheduled
on August 19-20.
The finance
minister-level meeting – that is taking place after eight years – will review
bilateral cooperation in various sectors including trade and commerce,
investment and industry, and cooperation and trainings in health and education.
Shankar
Koirala is leading the 1 0-member Nepali delegation, whereas the Pakistani
finance minister will lead the host country.
Nepal-Pakistan
Joint Economic Commission – set up in 1983 to promote bilateral economic
cooperation between the two South Asian countries—last met in March 2005 for
the fifth JEC meeting in Kathmandu. The meeting had discussed on cooperation in
the fields of health, education, human resources, development, trade, industry
and tourism.
Though the regional trade
agreement SAFTA was expected to boost the trade and investment between
themselves, both the countries have comparatively very less trade and business
cooperations. Nepal exported Rs 176.40 million worth goods to Pakistan, whereas
imported Rs 245.33 million worth goods in 2012, according to the data from the
Trade and Export Promotion Centre (TEPC).
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