LAHORE - The LCCI President Mian Muzaffar Ali and Napalese Ambassador Bala Bahadur Kunwar here Saturday agreed to take all possible measures to increase the volume of bilateral trade between Pakistan and Nepal. The consensus was developed at a meeting held at Lahore Chamber of Commerce and Industry (LCCI). Both the sides also agreed to expedite the process of dissemination of trade-related information through chambers of commerce in their respective counties in the larger interests of the two economies. The Napalese Ambassador urged Mian Muzaffar to bring a delegation of LCCI to Nepal to explore economic opportunities in Nepal as frequent visits are a way to expand business ties. He said that there is a huge potential in Nepal for the foreign investors, while citing the example of pharma industry. Nepal is ready to make special bilateral trade arrangements with Pakistan for the sake of economic well being of both the countries as Nepalese businessmen feel quite comfortable, while dealing with their Pakistani counterparts, he observed. He said that fast changing global scenario demands from the business community to join hands for a better future of their people. At present the mutual trade ties between Pakistan and Nepal are negligible and the state of affairs asks for an increased frequency of reciprocal visits by the Pakistani and Nepalese business community, he added. The LCCI President said that like other parts of the world, new business alliances are fast shaping in this region for the sake of trade promotion. He said Pakistan is an important player in South Asia, therefore, special emphasis should be put on economic cooperation between the two countries. The main reason for not using the existing opportunities is lack of knowledge about each other and there is a need to work together in order to identify possible fields of cooperation and to provide proper information to the business communities of both the sides, he maintained. He said that macro-economic stabilization and rapid economic development have turned Pakistan into one of the most attractive locations in the world and it is high time for the foreign investors to avail this opportunity to the maximum.Apart from Chamber to Chamber linkages, equally important is the role of respective governments, he added. STAFF REPORTER