No slowdown in imports from India to PakistanDecember 24th, 2008 - 7:08 pm ICT by ANI
Lahore, Dec. 24 (ANI): Import from India to Pakistan has continued uninterrupted despite rising tension between the two nations after the Mumbai terror attacks last month.
A study conducted by The News has found no major impact on the inflow of goods from different routes from India to Pakistan. However, on the export side, downtrend has begun.
Pakistan mainly exports cement to India through rail and sea routes and its exports has sharply declined due to non-tariff barriers.
Annual trade between India and Pakistan currently stands at 2.3 billion dollars with balance heavily tilted in favour of the New Delhi. Pakistan imports some 1.95 billion dollars worth of products from India including fruits, vegetables, seeds, spices, maize, soybean, mushroom, medicines, chemicals, cotton and others. On the other hand, its exports are worth only 400 million dollars.
These days, Indian vegetables are coming from Wagah border regularly and the Mumbai attacks have not hampered the flow of commodities. Around 70 to 80 trucks loaded with Indian tomato, potato, cotton and other items are arriving daily.
Though, India has suspended land trade through Muzaffarabad-Srinagar route after the Mumbai incident and has also threatened to stop trade from other routes.
However, the business community of both sides is against war and says the two governments should resort to dialogue instead of indulging in war talk.
We want other land routes opened, HK Bhatia, an exporter based in New Delhi was quoted by the paper, as saying.
Jamil Magoon, a veteran leader of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), said that the governments of both the countries should boost confidence of the business community in order to stabilise the region. War will take both the nations 100 years back, he added. (ANI)
- 'Made in Pakistan Expo' in Mumbai - Aug 30, 2012
- India-Pakistan to ease visa norms: Indian envoy (Lead) - Jun 08, 2011
- Pakistan commerce minister in India September-end, MFN likely - Sep 05, 2011
- Indian, Pakistani commerce ministers to meet in September - Aug 23, 2011
- Pakistan businesses want trade barriers to India cut - Dec 07, 2011
- Trade diplomacy: India presses Pakistan for MFN status (Lead) - Nov 24, 2010
- Pak agrees granting 'most favoured nation' status to India would spur trade relations - Apr 29, 2011
- India, Pakistan trade can reach $10 bn by 2015: CII - Feb 09, 2012
- India, Pakistan agree to consider PTA (Lead) - Apr 28, 2011
- India-Pakistan working to ease visa procedures: Indian envoy - Jun 08, 2011
- India, Pakistan to resume talks on trade issues on April 27 - Apr 06, 2011
- $189 mn of China's imports MoUs between Indian and Chinese firms - Aug 27, 2012
- Pakistan pushes trade diplomacy, talks on MFN Wednesday - Sep 27, 2011
- India agrees to duty-free Pakistani exports to EU: Report - Sep 10, 2011
- India, Pakistan must remove barriers to boost trade: Ficci - Feb 10, 2012
Tags: bhatia, billion dollars, business community, chambers of commerce, chambers of commerce and industry, dec 24, fpcci, fruits vegetables, india and pakistan, indian vegetables, inflow, jamil, mumbai terror attack, pakistan chambers, pakistan lahore, sea routes, slowdown, soybean, tariff barriers, veteran leader, war talk