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Our Bureau

New Delhi , Jan. 4

THE Associated Chambers of Commerce and Industry (Assocham) has estimated that trade between India and Pakistan can touch the $10-billion mark by 2010 from $345 million in 2003-04, provided the execution of the South Asian Free Trade Agreement (SAFTA) is not thwarted and the trade basket is diversified.

Trade between the two countries during April-July 2004 increased to $186 million, against $64 million in the year-ago period, the study said, adding that there was huge potential for bilateral trade to grow.

"India's export to Pakistan in April-July 2004 has shown a record 328 per cent increase, having gone up to $167 million from $39 million in the year-ago period," the Assocham President, Mr M.K. Sanghi, said in a statement.

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