ISLAMABAD - Sharat Sabharwal, Indian High Commissioner, Monday said that India was constructing an integrated Check Post at Wagah border, which would offer modern facilities to the traders and travelers of both the countries. This he said while addressing the businessmen at Islamabad Chamber of Commerce and Industry (ICCI). He said As a fastest growing economy of the region, India offers great economic benefits to its neighbours and they should promote trade with India without any fear of dominance or disadvantage. He said trade between India and Pakistan offered many advantages like short distance, reduced cost of transportation, low prices, etc. South Asia is the least integrated region as Intra-SAARC annual trade is just 5 per cent of the total exports of the region, while ASEAN has 22 percent intra-region trade, he added. Sharat said India had not made any Pakistan-specific trade regulations, rather its regulations including technical standard certifications, standard and quality, labour regulations, are same for all its trading partners. He said India during recent SAARC summit at Bhutan had reiterated to implement SAFTA in letter and spirit to accelerate intra-regional trade and to remove all non-tariff and para-tariff trade barriers. High Commissioner said SAFTA did not provide positive list approach and Pakistan should move from positive list to negative list approach to promote trade with India. He said the governments were only responsible for creating a conducive environment and it was up to the entrepreneurs to create win-win situations. He was confident that the businessmen of Pakistan and India had the potential to create such a situation. He informed the businessmen that Indian High Commission issued 80,000 to 90,000 visas to Pakistan per annum. In his welcome address, President ICCI Zahid Maqbool said that both the countries had trade potential of more than $11b and strenuous efforts should be made to exploit untapped areas of the cooperation. He said $ 4-5b unofficial trade was taking place through third country such as Dubai and Hong Kong or done through smuggling and steps should be taken to route it through regular channels. Zahid Maqbool said India and Pakistan should allow their private sectors to make investments and enter into joint ventures in each others country, particularly in areas of energy, agriculture and software industry. He said good relations between India and Pakistan would promote regional integration in South Asia, which was essential to uplift the living standard of 42 percent poor people living in this region.