Trade ties with India suspended since 2019 due to 'heavy duties', says Pakistan's Foreign Minister Ishaq Dar
Pakistan's Foreign Minister Ishaq Dar says trade relations with India have been suspended since 2019 due to 'heavy duties'.
Pakistan's Foreign Minister Ishaq Dar revealed that trade relations between Islamabad and New Delhi have been at a standstill since 2019. This suspension, according to Dar, is primarily attributed to India's imposition of "heavy duties" on imports from Pakistan following the Pulwama attack.
In a written response submitted to the National Assembly on Saturday, Dar, who also serves as the deputy prime minister, highlighted India's decision to levy a staggering 200 percent duty on imports from Pakistan. Moreover, India suspended the Kashmir bus service and halted trade across the Line of Control (LoC) in the aftermath of the Pulwama attack.
The Pulwama attack, which occurred in February 2019, heightened tensions between India and Pakistan. Following the attack, India accused Pakistan of harboring and supporting militants responsible for the incident. In response, India took several retaliatory measures, including economic sanctions targeting trade between the two countries.
The imposition of exorbitant duties on imports from Pakistan severely impacted bilateral trade, leading to the suspension of trade ties between the neighboring nations. Additionally, India's decision to halt the Kashmir bus service and trade across the LoC further exacerbated the strained relations between the two countries.
The trade suspension has had significant economic repercussions for both Pakistan and India, affecting various sectors and hindering opportunities for economic cooperation and growth. Despite sporadic efforts to revive dialogue and normalize relations, trade ties remain suspended, perpetuating tensions and impeding efforts to foster peace and stability in the region.
The statement by Foreign Minister Ishaq Dar underscores the complexities and challenges inherent in the Indo-Pakistani relationship. It highlights the need for constructive engagement and dialogue to address differences and resolve longstanding issues for the betterment of both nations and the broader region.