Pahalgam Attack Hits Pakistan Economy: Pakistan is already immersed in heavy debt. Pakistan’s economy, which reached the verge of bankruptcy from 2022, was now slowly coming on track. The reason for this is on the one hand, while in March this year, the IMF approved it for a loan of $ 2 billion, according to Pakistan Bureau of Statistics, inflation fell to 0.7 percent.

This was the biggest decline in inflation in Pakistan in the last nearly three decades, which is indicating an economic recovery after reaching a record level of about 38 percent in May of 2023.

In such a situation, the attack in Pahalgam in Jammu and Kashmir is going to prove to be suicidal for the economy of Pakistan coming on track. After this terrorist attack, India has announced to take many such steps, including cancellation of the Indus Water Agreement, which may face a huge economic crisis and can cause its economy to be bothered.

Suicide steps for Pahalgam Pakastan

The Government of India announced to stop bilateral trade after the Pahalgam attack as well as cut diplomats, cancel the SAARC visa and put a brake on the Indus Water Agreement. India’s move is expected to put more pressure on Pakistan’s fragile economy before.

A report by the recently which has been said that in this financial year, there will be a crisis of hunger in Pakistan in front of about one crore people. In such a situation, information about further deterioration of Pakistan’s economy, which is already struggling with tightness, is expressing apprehension. In addition, Pakistan’s inflation may also increase. The central bank of Pakistan hopes that the average inflation of the country in the financial year on June 2025 may remain between 5.5 per cent to 7.5 per cent.

Rice getting 340 rupees

According to reports, the prices of vegetables, fruits, flour-rice and other food and drink in Pakistan are touching the sky. Rice has reached about Rs 340 per kg while the price of chicken has come to Rs 800. In such a situation, the economic situation of India and Pakistan is being raised and the possibility of becoming serious.

On the one hand, while the AMF report released on April 22 has been estimated by 3 percent to 2.6 percent of Pakistan’s GDP growth, the World Bank report states that the poor climate situation can cause damage to the major crops like rice and maize and this will affect the people living in rural areas.

The things that Pakistan exported to India has chemicals, philosophers, medicines, churning feeds and dry fruits. In such a situation, due to the ban on business, there will be a huge shortage of these things in Pakistan and this will directly affect the lives of the people there.

Ax on your feet

After the Pahalgam attack, Pakistan is engaged in hurting its economy in every way and is hitting an ax on its leg. Now Pakistan has stopped its aircraft for Indian aircraft and by doing so it has stopped earning crores of dollars. Reports tell that after the Pulwama attack in 2019, he took a similar step and had damaged about 100 million Dr.ul. During that time around 400 flights were affected daily. Due to this, Pakistan’s Civil Aviation Authority and Pakistan International Airlines suffered a lot of economic loss.

Pahalgam terror attack: In view of the terrorist attack in Pahalgam in Jammu and Kashmir, Indian traders are no longer ready to do business with Pakistan. According to a report by Financial Express, the Confederation of All India Traders (CAIT), an organization of traders, said that due to the terrorist attack in Pahalgam, Kashmir on April 22, the traders of the country have decided to completely stop any kind of trade with Pakistan.

Business community opposed terrorist attack

This decision was taken by business leaders at an event organized by CAIT in Bhubaneswar. CAT general secretary Praveen Khandelwal said, “In protest against the brutal killing of innocent tourists in Pahalgam, the business community has decided to immediately stop all kinds of imports and exports with Pakistan.” The business relations between India and Pakistan have deteriorated seriously after the terrorist attack in Pulwama in 2019. There has also been a tremendous decline in the trade of both countries. According to CAIT, the amount of trade in 2024 has fallen to about $ 1.2 billion in 2024 due to peak of about $ 3 billion in 2018.

Ready to lose losses

Between April 2024 and January 2025, India exported goods worth about $ 500 million to Pakistan, which mainly included pharmaceuticals, chemicals, sugar and auto parts. While imports were only $ 0.42 million. Khandelwal said that now traders have resolved to completely eliminate this business. The organization said that the business community of India is ready to bear any economic loss or cost to maintain the unity, integrity and security of the nation.

India banned Pakistani YouTube channel

After the terrorist attack in Pahalgam, India is continuously retaliating. India has also allegedly banned 16 Pakistani YouTube channels. These include Don News, Sama TV, Arya News, Geo News, Bol News, Pati, The Pakistan Reference, GNN, Irshad Bhatti, Ujir Cricket, Omar Cheema, Assam Shiraji, Munib Fakur, Suno News HD, Raji Nama and Sama Sports. Their total subscribers are about 63 million.

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Tension from India increased Pakistan ax on its own leg! Now billions can be damaged

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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Impact of India’s rapid action, crashed Pakistan’s stock market, PSX website closed

Pahalgam terror attack: The Modi government is taking strict action after the terrorist attack in Pahalgam in Jammu and Kashmir. The Attari-Wagah border between India and Pakistan has been closed. India has suspended the Indus Strait with Pakistan, orders have also been issued to cancel the visas of all Pakistani citizens and leave India within 48 hours. Many big government sources say that India is now preparing to stop exporting goods to Pakistan. In 2024, India’s exports to Pakistan reached a five -year high level of $ 1.21 billion.

These goods are sent from India to Pakistan

Many types of food items are exported from India to Pakistan, which are useful in everyday life, such as various fruits and vegetables. These include potatoes to onion, garlic.

Pakistan pulses, gram, basmati rice are also sent from India. Apart from this, many types of seasonal fruits such as mango, banana also imports Pakistan from India.

India’s tea is famous all over the world. The fragile tea leaves of Assam and Darjeeling are also sent to Pakistan. Apart from this, India also sends different types of spices such as chilli, turmeric, cumin. Along with this, other goods to be exported from India to Pakistan include organic chemicals, pharmaceuticals, sugar and confectionery.

What does India come from Pakistan?

The things coming from Pakistan to India include cement, rock salt, multani mitti, cotton, leather, some medical devices. Apart from this, Peshawari slippers and Lahori kurtas are also called from Pakistan to India.

The only land trade route from Attari Pakistan

Please tell that Attari is the first land in India, located just 28 km from Amritsar. The trade between India and Pakistan is done through the Attari-Wagah border, so this check point trade, especially related to the National Highway-1, has been playing an important role in imports from Afghanistan.

In the last few years, trade passed through many ups and downs on the Attari-Wagah Corridor. In 2017-18 and 2018-19 where trade took place between about 4100-4300 crore rupees. At the same time, in 2019-20 it decreased to 2772 crores and in 2020-21 to Rs 2639 crore.

Trade declined further in 2022-23 and it was just Rs 2257.55 crore. However, in 2023-24, the trade between the two countries increased to Rs 3886 crore. In 2023-24, 6,871 trucks were moved and the movement of passengers was recorded at 71,563.

India-pakistan trade through green graater Punjab model: The neighboring country Pakistan is working on the ‘Greater Punjab’ model to improve business relations with India. The purpose of this model is to create a soft border between the two countries and to set up a business corridor. Former Pakistani Army officer Adil Raza has revealed this model and said that it can prove to be a challenging step in view of Pakistan’s economic situation.

According to Adil Raza, the ‘Greater Punjab’ model proposes soft boundaries and increased trade through Sindh, Khyber Pakhtunkhwa and Grand Trunk Road. Through this model, Pakistan wants to strengthen business with India, but its main objective will be to face Pakistan’s weak economic status compared to the strength of the Indian economy.

https://t.co/kvphisyvm4

– Adil Raja (@Solderspeaks) March 23, 2025

Possible loss for Pakistan
Raza believes that if Pakistan promotes trade under the ‘Greater Punjab’ model, the Pakistani trade will not be able to stand in front of the strong technology and global trade network of Indian businessmen. The size of the Indian market is very large and it can have the opposite effect on Pakistani industries and agriculture.

Pakistan’s economic challenges
Raza has alleged that Pakistan’s current economic situation is very bad. Pakistan’s economy is based on IMF loan and suffers from corruption. If the ‘Greater Punjab’ model is applied, Pakistan may have an initial benefit from it, but later it can depend on India financially, which can lead to Pakistan as a satellite state.

Balochistan status
This model will not include Balochistan and Southern Khyber Pakhtunkhwa, which can almost eliminate economic activities in these areas. However, India will not remove Balochistan from its priorities as its purpose is to stop China there. Due to this, Pakistan’s economic division and political instability may increase.

Pakistan’s ‘Greater Punjab’ model
Pakistan’s ‘Greater Punjab’ model is an attempt to improve business relations with India, but the economic challenges coming with it can create difficulties for Pakistan. If this model is successful, then Pakistan may get initial benefits, but in a long time it can increase economic dependence on India, which can weaken Pakistan’s independent economic identity.