International Monetary Fund (IMF) hailed the Pakistani and Indian steps to enhance bilateral trade, saying that it will positively affect growth momentum.

Assistant Director IMF Laura Papi told reporters that the move alone would not be enough to help New Delhi get back on high economic growth track.
"It would definitely have some positive effects. But not sufficient by itself to bring India back to 8 percent," she said.

The official said that some trade between India and Pakistan is probably at the moment intermediated by other countries."Of course to the extent that it becomes bilateral, the cost of trading will be reduced and will have a positive impact on growth, but it will not be all new trade. Overall definitely it is a positive move," Papi said.