In a move which would lead to improved air and sea links, India and Pakistan on Tuesday decided to rework their civil aviation and shipping agreements.
"There is some forward movement on improving air and sea links for which fresh civil aviation and shipping agreements would be entered into," official sources told PTI after the end of Commerce Secretary-level trade talks.
Technical groups from both sides will be meeting next month to thrash out the fresh agreements, they said.
With a view to enhancing cooperation in various financial sector and capital markets, both sides agreed for a memorandum of understanding between the Securities and Exchange Board of India and the Pakistan stock market watchdog.
The Indian side led by Commerce Secretary S N Menon and the Pakistani team led by their acting Commerce Secretary Syed Asif Shah decided to enhance cooperation in banking sector as also insurance support for exporters to boost trade.
However, on the issue of opening up of Wagah-Attari land route on permanent basis, both sides felt that it could not be opened until infrastructural bottlenecks were addressed.
But sources said both sides are working out the road map for the Joint Study Group on trade. The sub group on customs and trade facilitation and non-tariff barriers would meet in September to chalk out future course.
New Delhi also gave a fresh list of items it wants Pakistan to add on to the positive list, which Islamabad said would be looked into when the list is reviewed.
Pakistan last week lifted ban on sugar import from India in the wake of rising domestic prices.
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