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View Poll Results: Should Paki Banks be allowed to open branches in India (and vice versa) ??
Yes, It will improve bilateral relations. 0 0%
No, It will be used to fund terrorism. 9 81.82%
Yes, No harm in it, just business. 1 9.09%
Don't know 1 9.09%
Multiple Choice Poll. Voters: 11. You may not vote on this poll

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  #1  
Old September 29th, 2011, 12:23 PM
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Paki Bank Branches in India (and Vice Versa) to be a reality soon.

This news item says that soon we may see Pakistani Banks' branches in India, and Indian Banks' branches in Pakistan. I am not much of an economist nor an alarmist, but I don't think that it is desirable. Like all good intentioned goodwill gestures, this too will soon be perverted to make another route for funding terrorism. The lesser that we have to do with anything labelled "Pakistan", the better it would be. What do you think ? Please post your views and cast your vote.

Quote:
India, Pakistan banks may open cross-border branches: Anand Sharma

PTI | Sep 29, 2011, 10.00PM IST

NEW DELHI: India is considering to allow in its territory Pakistani banks and the neighbouring country is set to reciprocate for strengthening bilateral trade.

A common view was expressed by commerce ministers of the two countries at a FICCI meeting here on Thursday.

"The Reserve Bank of India and State Bank of Pakistan have already discussed this matter and will take the next step," commerce and industry minister Anand Sharma said.

Sharma, who held official level talks with Pakistan commerce minister Makhdoom Amin Fahim on Wednesday, said "When we are going to encourage trade and investment, not only customs check posts but banks are also essential."

Making a similar comment, Fahim said,"Both countries are now poised to open bank branches and land routes."

He said the "atmosphere of fear and apprehension has reduced considerably" and the businessmen in both the countries have started to "believe their governments".

Later at an Assocham meeting, Fahim said the two nations owe it to the future generations to iron out differences and move forward. Happy over the response he received in India in the last four days, Fahim said,"if we are taking one step, your people are taking two steps".

Assocham president Dilip Modi announced that the chamber would be sending a high-level business delegation to Pakistan in November. It will comprise honchos like K P Singh of DLF, Sajjan Jindal of JSW Steel and Analjit Singh of Max group.

Earlier, Sharma said the two governments would try and resolve visa related problems of businessmen. Bilateral trade is set to rise to USD 6 bn in 3 years from USD 2.7 bn.

Fahim informed Sharma that Pakistan recognises that grant of the Most Favoured Nation (MFN) status to India would be key in expanding bilateral ties.
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Last edited by raniraja; September 29th, 2011 at 12:25 PM.
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  #2  
Old September 29th, 2011, 11:45 PM
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Re: Paki Bank Branches in India (and Vice Versa) to be a reality soon.

This is a strategy to make Indian Muslims invest for Pakistan. They will start parallel banking system by opening Riba free halal banking. They will use this to carve parallel economy among Muslims and further alienate them from rest of India.
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  #3  
Old September 30th, 2011, 12:07 AM
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Re: Paki Bank Branches in India (and Vice Versa) to be a reality soon.

Quote:
Originally Posted by 2gud View Post
This is a strategy to make Indian Muslims invest for Pakistan. They will start parallel banking system by opening Riba free halal banking. They will use this to carve parallel economy among Muslims and further alienate them from rest of India.
Good point

But maybe they will only allow government banks who may or may not offer such facilities.
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  #4  
Old October 10th, 2011, 11:22 AM
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Re: Paki Bank Branches in India (and Vice Versa) to be a reality soon.

Indians excel in digging their own graves.

Whose bright idea was this?

Flog this prick in public.
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  #5  
Old October 10th, 2011, 05:26 PM
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Re: Paki Bank Branches in India (and Vice Versa) to be a reality soon.

Quote:
Originally Posted by 2gud View Post
This is a strategy to make Indian Muslims invest for Pakistan. They will start parallel banking system by opening Riba free halal banking. They will use this to carve parallel economy among Muslims and further alienate them from rest of India.
+reps coming your way ... even though I disagree with contents of above post.

Indians should be elevated at this news.

This will make life a bit easier for our Kangressi politicians, cricket players likes of honorable Azharudeen, and Bollywood personalities. With Pakistani bank branches in India, these people (or trusted employees) need no longer travel to Dubai to do banking transactions.
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Old October 10th, 2011, 09:37 PM
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Re: Paki Bank Branches in India (and Vice Versa) to be a reality soon.

Puki and business? they are antonyms. They have screwed US in the name of supporting them in War on terror. They are screwing Chinkis...
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