ISLAMABAD – Post Pulwama Attack, Pakistan may give $2 billion blow to Indiaas Pakistan is considering multiple options to curtail bilateral trade withIndia including a complete ban of $2 billion imports from DELHI.
Pakistan may even consider a complete ban on imports from India or anincrease in tax and duty rates. A complete ban on Indian movies andtelevision dramas is also another option, the source added.
The volume of trade between India and Pakistan is approximately $2.15billion. Indian exports to Pakistan are worth $1.8 billion, whilePakistan’s exports to India are worth $350 million.
More than 40 Indian soldiers were killed in Pulwama district ofIndian-Administered Kashmir over a week ago. New Delhi accusedJaish-e-Mohammad. Pakistan has asked India to provide any evidence to provethe claim.
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In reaction to the attack, India revoked Pakistan’s Most-Favoured Nationstatus, which affects trade. New Delhi also raised duties on majorPakistani products as a protest against the Pulwama attack.
