Business Standard

Tuesday, December 24, 2024 | 03:41 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Pakistan's Cabinet makes U-turn on plan to resume trade with India

The India-Pakistan cease-fire marked a milestone in secret talks brokered by the UAE, Bloomberg reported earlier this month

trade, export, container, major ports, import, shipping, sea, business, seafarer, merchan navy
Premium

The resumption of trade was seen as another sign of thawing relations between the two rivals.

Bloomberg
Pakistan’s Cabinet, the final authority on resuming trade with India, reversed a decision by a government economic committee on Wednesday to import cotton and sugar from the neighbouring country.
 
The Cabinet, headed by Prime Minister Imran Khan, linked the resumption of trade with the restoration of autonomy to the region of Kashmir, interior minister Shaikh Rashid Ahmed said. Pakistan downgraded diplomatic relations and suspended bilateral trade with India in August 2019 after New Delhi revoked the autonomy for its part of the disputed territory.
 
The decision to start imports, aimed at addressing shortages and stabilizing prices in Pakistan,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in