India's actions after Pahalgam terror attack are still hurting Pakistan, Pakistani traders are now...
India-Pakistan trade relations: After Pakistan attacked India through a massive terror attack in Pehalgam, India took various actions against Pakistan including banning ships carrying Pakistani-origin cargo from docking at its ports. The move from India has significantly disrupted Pakistan's trade logistics and it has reportedly led to shipping delays of 30–50 days and higher freight and insurance costs. Here are all the details you need to know about how the Indian action is hurting the business of terrorist nation Pakistan. Why Pakistani importers are suffering!
As per a report carried by PTI news agency, quoting Dawn newspaper of Pakistan, Pakistani importers said the Indian ban on shipping Pakistan goods has resulted in longer shipping times and higher freight charges, due to which they are facing losses.
'Mother vessels are not coming to Pakistan due to this Indian action, which delays our imports by 30 to 50 days,' said Javed Bilwani, President of the Karachi Chamber of Commerce and Industry. The President of the Karachi Chamber of Commerce and Industry also said that the importers are now relying on feeder vessels, which raises costs of their trade. How Indian action is hurting Pakistan
The Pakistani newspaper also reported an increase in shipping and insurance costs after the Indian ban on the shipping of Pakistani goods.
'There is no significant impact on exports…, except for a rise in insurance costs. Shipping charges had already gone up even before the escalation,' said Aamir Aziz, an exporter of textile made-ups.
Pakistan's exports are heavily reliant on imported inputs for value addition. Why India-Pakistan trade relations went down?
Readers should note that the India-Pakistan trade relations soured after the Pulwama terror attack, following which India raised the import duty to 200 per cent on all goods imported from Pakistan.
Also, it should be noted that the formal trade relations between two neigbours have remained stalled since 2019. Talking of data, the bilateral trade between the two declined from USD 2.41 billion in 2018 to USD 1.2 billion in 2024. Moreover, India's imports from Pakistan decreased from USD 547.5 million in 2019 to just USD 480,000 in 2024.
(With inputs from agencies)
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