Latest news with #ForeignTradePolicy2023
India.com
05-05-2025
- Business
- India.com
India-Pakistan War Tensions: India Halts All Trade With Pakistan, Including Life-Saving Drugs
LIVE Blog Pahalgam Terror Attack, India-Pakistan Tensions Live Updates: In a sweeping move following the deadly Pahalgam terror attack that claimed 26 lives, India has imposed a total ban on all imports and transit of goods from Pakistan, citing national security concerns. The Ministry of Commerce and Industry issued a gazette notification on Saturday, invoking the Foreign Trade (Development & Regulation) Act, 1992, and the current Foreign Trade Policy 2023 to enforce the prohibition. Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.
Time of India
03-05-2025
- Business
- Time of India
Pahalgam Terror Attack LIVE Updates: Pakistan shuts ports for Indian ships after New Delhi bans imports from Islamabad
Pahalgam Terror Attack LIVE Updates: India has imposed an immediate and comprehensive ban on the direct or indirect import and transit of all goods originating from or exported by Pakistan, effectively freezing bilateral trade. The Ministry of Commerce and Industry announced the decision through a Gazette notification on Saturday, invoking provisions under the Foreign Trade (Development & Regulation) Act, 1992, and the Foreign Trade Policy 2023 to justify the move. The notification states that a new clause, Para 2.20A, has been inserted into the Foreign Trade Policy, declaring that "direct or indirect import or transit of all goods originating in or exported from Pakistan, whether or not freely importable, shall be prohibited with immediate effect, until further orders." The ministry cited national security and public policy concerns as the rationale for the prohibition, adding that any exceptions would require prior government approval. This sweeping measure comes in the wake of rising tensions between India and Pakistan following the deadly terror attack in Pahalgam, which claimed 26 lives, mostly tourists. In response to the attack, the Indian government has implemented a series of diplomatic steps, including closing the Integrated Check Post (ICP) at Attari, suspending the SAARC Visa Exemption Scheme for Pakistani nationals—giving them 40 hours to return—and reducing diplomatic staff in both countries' High Commissions. Additionally, India has suspended the Indus Waters Treaty, a landmark 1960 agreement governing water sharing between the two nations. Prime Minister Narendra Modi vowed that those responsible for the Pahalgam attack—and those who aided them—would face unimaginable consequences. Emphasizing national resolve, Modi declared that the time had come to dismantle terrorism's remaining strongholds and that the collective will of 1.4 billion Indians would crush the backbone of terror networks.
Time of India
03-05-2025
- Business
- Time of India
'Kashmir was and will always be part of India': Farooq Abdullah meets tourists in Pahalgam after terror attack
NEW DELHI: Jammu and Kashmir National Conference chief Farooq Abdullah on Saturday visited Pahalgam and interacted with tourists days after a deadly terror attack, asserting that 'was and will always be a part of India.' Tired of too many ads? go ad free now Speaking to reporters, Abdullah said the biggest message after the incident is that the tourists are 'not scared.' 'The people who wanted to spread fear have lost. They (terrorists) have lost. It has been proven today that we are not going to get scared. Kashmir was and will always be a part of India. People want terrorism to finish. It has been 35 years since we have seen terrorism; we want progress. We want to move forward. We will become a superpower one day,' former J&K CM said. Abdullah declined to comment on remarks made by former Pakistan foreign minister , stating that paying attention to such statements would be counterproductive. 'If we go by Bilawal Bhutto's statements, we cannot move forward. I have been saying for a long time that the should be reviewed again. Our rivers and we are the ones who are deprived,' he said. His comments came after Bhutto acknowledged Pakistan's past involvement with terror operatives. During the visit, Abdullah, along with NC MLA Altaf Kaloo, met Hyder Shah, the father of Syed Adil Hussain Shah -- a local resident who lost his life in the while attempting to rescue tourists. 'Farooq Abdullah shared our grief and gave us courage in our sorrow, which is helping us move forward,' Hyder Shah said. Earlier in the day, India formally imposed an immediate ban on the import and transit of all goods originating from or exported via Pakistan, according to a notification by the ministry of commerce and industry. Tired of too many ads? go ad free now The notification, issued under the Foreign Trade (Development & Regulation) Act, 1992, and the Foreign Trade Policy 2023, halts all bilateral trade with immediate effect. The Centre has also suspended all in bound mail and parcels from Pakistan. This step follows a series of measures taken by the Centre in response to the Pahalgam attack that claimed 26 lives. These include shutting down the Integrated Check Post (ICP) at Attari, suspending the Saarc Visa Exemption Scheme for Pakistani nationals, instructing them to leave India within 40 hours, and reducing diplomatic staff in both countries' high commissions. India has also suspended the Indus Waters Treaty of 1960 as part of its broader response to the ugly attack.
