A.Rafay
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ISLAMABAD: Bharat Heavy Electrical Limited made an offer to setup 500 to 2,000 megawatts power plants in Pakistan. Secretary Commerce Pakistan Munir Qureshi said that the stakeholders from both the sides will now sit together to explore the possibility.
While responding to a question regarding Indias earlier offer to sell 500MW electricity, Indian Commerce Secretary SR Rao said that for setting up a 500MW grid station at least one and half years was required. He added for immediate energy trade a technical group would review the possibility to exchange 220 KV transmission line in next six months.
India also showed its willingness to sell five mmcfd gas per day to Pakistan. It extended its cooperation in the areas of wind and solar energy.
Reviving railways
India has also made an offer to meet the requirements of Pakistan Railways by up to 100 locomotives. The issue of availability of sufficient number of rakes for interchange was also highlighted by Pakistan. Islamabad also asked India to allow the procurement of High Capacity Wagon which carry three times more load than regular wagons and can address the issue of arising out of export of cement to New Delhi.
Air links
The Indian commerce secretary said that connecting both capitals via air was very important for normalisation of relations. He added a six-month time line has been set up for opening up and connecting the Islamabad-New Delhi air route. To fast track the process a joint working group is to be formed by mid November, which will work out a more liberalised regime of reciprocal bilateral rights for commercial flights.
For banking channels the banking regulators will exchange the list of branches to be opened in respective countries in the next two months, said Munir. Preliminary discussions were also held on possibilities of better communication linkages keeping in view the requirements of the business community of both India and Pakistan.
While appreciating removal of restrictions on Pakistani investment, Islamabad also sought an explanation on investment through government route and its implications for the country.
While responding to a question regarding Indias earlier offer to sell 500MW electricity, Indian Commerce Secretary SR Rao said that for setting up a 500MW grid station at least one and half years was required. He added for immediate energy trade a technical group would review the possibility to exchange 220 KV transmission line in next six months.
India also showed its willingness to sell five mmcfd gas per day to Pakistan. It extended its cooperation in the areas of wind and solar energy.
Reviving railways
India has also made an offer to meet the requirements of Pakistan Railways by up to 100 locomotives. The issue of availability of sufficient number of rakes for interchange was also highlighted by Pakistan. Islamabad also asked India to allow the procurement of High Capacity Wagon which carry three times more load than regular wagons and can address the issue of arising out of export of cement to New Delhi.
Air links
The Indian commerce secretary said that connecting both capitals via air was very important for normalisation of relations. He added a six-month time line has been set up for opening up and connecting the Islamabad-New Delhi air route. To fast track the process a joint working group is to be formed by mid November, which will work out a more liberalised regime of reciprocal bilateral rights for commercial flights.
For banking channels the banking regulators will exchange the list of branches to be opened in respective countries in the next two months, said Munir. Preliminary discussions were also held on possibilities of better communication linkages keeping in view the requirements of the business community of both India and Pakistan.
While appreciating removal of restrictions on Pakistani investment, Islamabad also sought an explanation on investment through government route and its implications for the country.
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