India-Pak trade will come to complete halt: Exporters’ body
With Pakistan suspending all trade ties with India, including that routes through third countries, the two-way commerce will now come to a complete halt, apex exporters’ body Federation of Indian Export Organisations (FIEO) said on Thursday.
Following the terror attack in Pahalgam on Tuesday that killed 26 people, mostly tourists, India took a series of measures, including the immediate shutting down of the Attari land-transit post, used for movement of certain kinds of goods.
Besides, India has announced expulsion of Pakistani military attaches, and suspension of the Indus Water Treaty of 1960.
In retaliation, Pakistan announced suspension of ‘all trade’ with India, including that routes through third countries.
Commenting on the decision of the neighbouring country, FIEO President SC Ralhan said India’s bilateral trade with Pakistan was miniscule, and was just 0.06 per cent of India’s total trade.
“We have minuscule trade with Pakistan, which is constantly declining. During April-January 2024-25, it was not even $500 million, as against the overall trade of over $800 billion in the same period. The trade will now come to a complete standstill, affecting supply of some key products to Pakistan, hitting their economy further,” Ralhan said.
