Pakistani banks may open in India

Pakistan is likely to allow national commercial banks to open branches in India. Sources told Daily Times that the matter came up in last week’s trade talks, which were part of the ongoing composite dialogue between Pakistan and India. Opening up bank branches across borders was found to be a way to enhance trade and economic cooperation between the two countries, sources added. ‘Since we never had trade relations with India as such, the government did not find it imperative for Pakistani banks to function in India. However, it is time that Pakistani exporters…