By Admin 
Pahalgam terror attack: After the terrorist attack in Pahalgam in Jammu and Kashmir, India has stopped the business by closing the only land trade route attic with Pakistan. This has increased tension between the two countries. However, according to Global Trade Research Initiative (GTRI), the closure of the border is only expected to be closed in a formal manner, there will be no decrease in demand. That is, Pakistan can try to continue to order Indian goods indirectly through third countries, although its price will be higher.
India took action even after Pulwama attack
GTRI also mentioned that trade relations between India and Pakistan have remained tense since the Pulwama attack in February 2019. During that time also, India took strict steps and withdrew the status of Most Favored Nation in terms of trade from Pakistan, and high import duty was also imposed on Pakistani imports up to 200 %. GTRI said, in short, the formal trade stops due to the closure of the boundary, but there is no decrease in demand.
Demand for these Indian products in Pakistan
Pakistan will continue to buy Indian goods through the third countries at a high price at a high price such as the United Arab Emirates and Singapore. Pakistan asks for Indian products like pharmaceuticals, chemical, cotton, tea, coffee, color, onion, tomato, iron, steel, sugar, salt and auto parts through these third countries.
So much imported
Pakistan also banned trade with India while retaliating on the steps taken by India on the Pulwama attack. Since then, formal trade has become largely limited, but on humanitarian grounds, some important things were exported from India such as medicines.
According to official data, despite the formal ban on trade between the two countries, India exported US $ 447.7 million goods to Pakistan in the current financial year (April 2024 to January 2025).
On the contrary, India’s imports from Pakistan were only 0.42 million US dollars. Some agricultural products of US $ 78,000 were called for figs such as figs and Herbs of US $ 18,856 Tulsi and Rosemary.
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