Sunday, July 7, 2024
Sunday, July 7, 2024
HomeTop NewsFM Ishaq Dar States Pakistan Will Review Trade Relations with India

FM Ishaq Dar States Pakistan Will Review Trade Relations with India

Foreign Minister Ishaq Dar expressed interest in resuming trade with India, stating that the Pakistani business community is keen on it. The government plans to discuss this possibility with all involved parties.

Trade and diplomatic relations between Pakistan and India were downgraded after India revoked the special status of Jammu and Kashmir in August 2019. This caused tensions between the two countries, affecting businesses that relied on cross-border trade in items like textiles, agriculture, and medical supplies.

Dar mentioned that India’s actions in 2019 were distressing, considering UN Security Council resolutions on the Kashmir issue and the ongoing dispute. Despite this, he acknowledged the Pakistani business community’s desire to restart trade with India.

During his time as finance minister, Dar discussed the matter with business leaders who highlighted the ongoing imports through Dubai and Singapore, incurring extra costs. The government plans to thoroughly review the situation, involving all stakeholders to find solutions for economic activities and trade.

However, Dar emphasized that any decision regarding trade with India would require extensive consultation. He also stressed the importance of maintaining relations with neighboring countries, acknowledging the need for peaceful coexistence.

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