Bowing down to pressure from traders, Pakistan partially restores trade with India

News Bharati    03-Sep-2019

Islamabad, September 3: There is a saying in Hindi, देर आये दुरुस्त आये’ which is quite apt right now for Pakistan. With latest development, Imran Khan-led Pakistan government has restored partial trade with India bowing down to domestic pressure from its traders. After the abrogation of Article 370, showing their disagreement over the decision, Pakistan had stopped trade with India.

 

With the decision of partial restoring trade, Pakistan will now import life-saving drugs from its arch-rival. These medicines include those for cancer, tuberculosis and cardiac problems. Pakistan imports almost 50 per cent of raw materials for medicines from India.

 

Pakistan's imports have already entered negative growth with almost all countries, except India, as Islamabad mostly imports raw materials from New Delhi.

On August 10, Pakistan had formally suspended its trade relations with India, in retaliation against New Delhi's decision to revoke Article 370 that gave special status to Jammu and Kashmir.