ISLAMABAD : Federal Minister for Commerce Makhdoom Amin Fahim on Tuesday stressed that Pakistan and India should fast track the process of opening of bank branches to facilitate the business community and to increase the trade volume between the two countries.Makdoom Amin Fahim, who is currently visiting India, said this while talking to Dr. Subir Vithal Gokaran, Deputy Governor, Reserve Bank of India who called on him in Mumbai (India), says a message received here on Tuesday. Dr. Gokaran expressed his optimism and agreed for increased cooperation between the two regulators. Senior Minister is currently on an official visit to India, to discuss trade issues with India stressed the need for the opening of bank branches on reciprocal basis. It is also expected that a high-level delegation of RBI will visit Pakistan in the first half of October 2011 to discuss the modalities for opening of branches. Secretary Commerce, CE TDAP, Pakistan High Commissioner to India and a representative of State Bank of Pakistan were also present in the meeting.
Associated Press of Pakistan
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