Imports from India continue unabated
As Pakistan’s exports to India face suspension after Pulwama attack on February 14, the trading and…As Pakistan’s exports to India face suspension after Pulwama attack on February 14, the trading and import of Indian goods has so far been moving at normal pace.
Some businessmen, however, want a “tit-for-tat action” from the Pakistani government in view of up to 200 per cent duty imposed by India on import of Pakistani goods. Pakistan has already banned imports of tomato and potato from India for the last two years, fearing diseases.
Traders said that the ongoing war of words between the two governments has not had any impact on prices.
However, according to dawn.com¸ there is more to come. The top authorities in Pakistan’s Commerce Ministry have finalised a tit-for-tat strategy for India following its withdrawal of MFN (most favoured nation) status.
New Delhi has imposed 200 percent duty on the Pakistani products. Pakistan has in turn decided to place Indian 90 items on a black list under which import from India will immediately be curtailed by $500-600 million. Pakistan may also ban Indian items worth $600 million being exported to Afghanistan under transit trade agreement. Pakistan can impose a ban on Indian exports under transit trade in the name of inspection of goods.