Sunday, August 18, 2019 | ePaper

Pakistan formally suspends trade with India

  • Print
IANS, Islamabad :
Pakistan has formally suspended its trade relations with India, in retaliation against New Delhi's decision to revoke Article 370 that gave special status to Jammu and Kashmir, the media reported on Saturday.
On Friday, the federal cabinet headed by Prime Minister Imran Khan endorsed the decisions taken by the National Security Committee and the joint session of parliament, which include suspension of trade ties with India, reports Dawn news. Special Assistant to the Prime Minister on Information Firdous Ashiq Awan, replying to a question at a media briefing, said that Pakistan had also suspended import of Indian goods under the Pakistan-Afghanistan transit treaty. Two different notifications were issued soon after the cabinet meeting to implement the decision to suspend bilateral trade with India with immediate effect and until further orders.
As per notification SRO928 of 2019, all kind of exports to India have been suspended by amending the Export Policy Order 2016. Through the other notification - SRO927 - by amending the Import Policy Order 2016, the government has banned import of goods of Indian origin or those imported from it. Pakistan mostly imports raw materials from India. Maximum share of imports constitutes p-Xylene (an important chemical feedstock), polypropylene (a thermoplastic polymer used in a wide variety of applications), reactive dyes and preparations based thereon, pharmaceuticals and tea, respectively. Approximately 100 other products are imported from India. The bulk of Pakistan's exports to India include fresh fruits - dates, figs, pineapples, avocados, guavas, mangoes and mangosteens, fresh or dried - cement, the second biggest exportable product, and sesame seeds, the third biggest export to India. The fourth biggest Pakistan export to India is gypsum. And the export of almost 100 other products to India is valued at less than $5 million per year.

More News For this Category

Modi is not brave but callous and a threat to peace

The instrument of accession with India was signed by the Maharaja of Kashmir on 26 October 1947, which was accepted by the British Governor General the next day.

3,000 families turn homeless in slum fire

3,000 families turn homeless in slum fire

Staff Reporter :The massive fire that destroyed several thousand shanties at a slum in Mirpur- 7 of Dhaka has been under control early Saturday, Fire Service sources said. Four persons,

 Dengue threat may prolong

Dengue threat may prolong

Noman Mosharef :Health experts have urged the authorities to continue their anti-dengue campaign throughout the year to effectively fight against the mosquito-borne disease.They also warned that the ongoing dengue situation

'UNSC, OIC have responded positively to Pakistan's call,' says FM Qureshi

Dawn.com :Foreign Minister Shah Mahmood Qureshi, while addressing a joint press conference with Director General of Inter-Services Public Relations (ISPR) Maj Gen Asif Ghafoor on Saturday, stated that the Organisation

Myanmar, BD agree to start Rohingya repat next week

Reuters, Yangon :Myanmar and Bangladesh will start a fresh attempt next week to repatriate thousands of Rohingya Muslims who fled violence in Myanmar's Rakhine state, officials said on Thursday, nearly

Rukaya yet to get back conscious

Staff Reporter :Rukaya, one of the conjoined twins separated after mega surgery in Dhaka's Combined Military Hospital, is still unconscious.  Rabeya opened her eyes before two days on Friday, Rafiqul

3 varsity students among 10 killed in road crash

3 varsity students among 10 killed in road crash

Staff Reporter :At least 10 persons including three private university students were killed and several others injured in several road accidents across the country on Saturday.In Narsingdi, at least four

Minor boy slaughtered to death in Kishoreganj

Staff Reporter :A minor child was slaughtered to death at Dolarkandi in Kalma union under Austagram upazila of Kishoreganj  district on Saturday morning over land dispute.The victim was identified as

“Entirely internal matter,” says India

NDTV, United Nations :India on Friday said that the country's national position was and remains that matters related to Kashmir are "entirely an internal matter", after a rare closed-door meeting

Hundreds of holidaymakers along with their family members seen returning to the capital after celebrating Eid-ul-Azha to join their offices today. This photo was taken on Saturday.

Hundreds of holidaymakers along with their family members seen returning to the capital after celebrating Eid-ul-Azha to join their offices today. This photo was taken on Saturday.