Wednesday , October 16 2019
Breaking News
Home / Business / Pakistan cuts trade ties with India
Pakistan cuts trade ties with India

Pakistan cuts trade ties with India

ISLAMABAD: Pakistan completely cut trade ties with India as the ministry of commerce issued notification for banning import and exports with the neighboring country.

The ministry of commerce on Friday issued SRO 927(I)/2019 and SRO 928(I)/2019 to impose ban on trade with India.

Through SRO 927 (I)/2019, the ministry of commerce amended Import Policy Order, 2016 and included India in the list of countries having not trade links. Earlier, only one country i.e. Israel was on the list. With the amendment the goods of Indian or Israeli origin or imported from India or Israel are prohibited.

Similarly, through SRO 928(I)2019, the ministry of commerce also restricted exports to India. The ban has been imposed on trade with India following decision taken at the National Security Committee (NSC) against atrocities of India on Kashmiri people.

However Commerce Secretary Ahmed Nawaz Sukhera in a tweet said that “Federal Cabinet has just approved summary of Commerce Ministry to suspend all trade with India. Requisite SRO has been issued. However, LCs opened prior to this will be honored and Afghan Transit Trade will go on as per agreement.”

Prime Minister Imran Khan on Wednesday chaired meeting of the National Security Committee at Prime Minister’s Office.

The meeting was attended by Foreign Minister, Defence Minister, Interior Minister, Minister for Education, Minister for Human Rights, Minister for KA&GB, Law Minister, Adviser Finance, CJCSC, COAS, CAS, CNS, SAPM on Information, DG-ISI, DG-ISPR, Secretary Foreign Affairs and other senior officers.

The committee discussed situation arising out of unilateral and illegal actions by the Indian government, situation inside Indian Occupied Jammu and Kashmir and along LOC.