ISLAMABAD (Web Desk) Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has suggested that a temporary prohibition on trade with India would be a just decision in the current scenario as the proportion of craft is heavily in India’s favor.
Speaking to newsmen here Saturday, Chairman of FPCCI Regional Standing Committee, Ahmad Jawad said any ban on trade will adversely affect the Indian industry more than the Pakistan.
He said trade has already been affected as India had suspended its trade through Chakoti boarder of Kashmir few months back.
Jawad lauded that the Prime Minister of Pakistan has comprehensively advocated a Kashmir case at UN General Assembly and termed his speech a historic, by presenting Kashmir cause in its true perspective at world forum.
“We must understand peace and normalization between Pakistan and India cannot be attained without a settlement of the Kashmir conflict,” adding peace talks are “no favor to Pakistan” and are “in the interest of both nations”.
It may be mentioned here, India’s exports to Pakistan were valued at approximately $2.17 billion in 2015-16 while its imports from the Pakistan were less than $500 meg.
Similarly, Pakistan was the biggest purchaser of Indian cotton in the 2015/16 season (October-September).
It bought 2.5 millon bales (one bale is 170 kg); including Indian mills had exported sugar worth $46.46 million to Pakistan.
Jawad also said if official trade comes to a halt, India will lose considerably in this trade-off as Indian exports to Pakistan make up for more than 83% of the bilateral trade.
