Pakistan
Pahalgam has been taking strict steps against Pakistan, one after another since the terrorist attack. Now India has decided to completely stop imports from Pakistan. This decision of India will give Pakistan a big shock on the economic front. Economic experts say that this decision of India will cause major loss to Pakistan. The ban on imports will cause huge financial loss to Pakistan traders. This decision will already worse the situation of the Pakistani economy struggling with debt, inflation and unemployment. Unemployment in Pakistan will increase and the public will be fascinated by grains.
Information given by the government
The Ministry of Commerce and Industry on Saturday notified that India has banned direct or indirect imports from Pakistan with immediate effect. The notification stated that a new provision has been added to the Foreign Trade Policy (FTP) 2023, which will be implemented immediately. The Ministry of Commerce clarified that approval from the Central Government would be required for imports.
What was said in the notification?
The notification states that direct or indirect import of all the items coming from Pakistan or from there, whether independently importable or otherwise permission is obtained, will be banned with immediate effect to further order. This ban has been imposed in the interest of national security and public policy. Any exception to this ban will require prior approval of the Government of India.
Notification
What import-export in India and Pakistan?
The list of goods from India to Pakistan mainly includes cotton, chemical, food products, medicines and spices. Apart from this, things like tea, coffee, color, onion, tomato, iron, steel, sugar, salt and auto parts have also been going from India to Pakistan through third countries. If you look at the items coming from Pakistan, then by 2019, products like cement, gypsum, fruits, copper, and salt used to come. However, after that only some items including rock salt and multani mitti come. Now it has also been banned from all over.
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