FPCCI supports temporary ban on trade with India

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed that putting a temporary ban on trade with India in the current scenario would be a judicious decision, as the balance of trade is heavily in India’s favour.

“Any ban on trade will adversely affect the Indian industry more than the Pakistan.”

Talking to newsmen, FPCCI Regional Standing Committee Chairman Ahmad Jawad said in the current tension at the line of control where Pakistani armed forces are on the red alert and, at the same time, Prime Minister Nawaz Sharif strengthen the voice of Kashmir’s at UN against the brutality of Indian forces; in that scenario trade should not be meaningful.

“He said trade between India and Pakistan already affected after the unsubstantiated allegation from India for its Uri attack; regardless India had already suspended its trade through Chakoti boarder of Kashmir few months back in pursuit of Burhan Wani incident”.

Jawad lauded that the Prime Minister of Pakistan has comprehensively advocating Kashmir case at UN General Assembly and terming his speech a historic and presenting Kashmir cause in its true perspective at world form

We must understand Peace and normalization between Pakistan and India cannot be achieved without a resolution of the Kashmir dispute,” adding that peace talks are “no favor to Pakistan” and are “in the interest of both countries; he said.

India’s exports to Pakistan were valued at around $2.17 billion in 2015-16 while its imports from the Pakistan less than $500 million.