Live
- NASA Tracks Five Giant Asteroids on Close Approach to Earth Today
- Pushpa 2 Hits ₹1000 Crore in 6 Days: How It Compares to Other Top Indian Films
- Vivo X200 and X200 Pro Launched in India: Price, Specifications, and Features
- Nitin Gadkari Admits Feeling Embarrassed at Global Summits Over Rising Road Accidents in India
- Comprehensive Review on Indiramma Housing Survey and Welfare Initiatives Conducted via Video Conference
- Jogulamba Temple Records Rs 1.06 Crore Hundi Revenue in 150 Days
- Opposition Slams ‘One Nation, One Election’ Bill as Anti-Democratic; BJP Allies Support the Move
- Celebrate Karthigai Maha Deepam Virtually with Sri Mandir’s LIVE Darshan Experience
- BJP Extends Support to Samagra Shiksha Abhiyan Employees' Strike, Demands Immediate Regularization and Welfare Benefits
- Dr. M. Priyanka Stresses Quality Education, Nutritious Meals, and Cleanliness in Schools
Pakistan likely to import cotton from India
Pakistan likely to import cotton from India
It seems that the halted trade ties between India and Pakistan are on the verge of gradual restoration with Pakistan likely to import cotton from India
Islamabad: It seems that the halted trade ties between India and Pakistan are on the verge of gradual restoration with Pakistan likely to import cotton from India. After the announcement of a ceasefire along the Line of Control (LoC) to maintain peace at the border between India and Pakistan, the Pakistan government may also be allowing imports of cotton from India in the coming days.
The breakthrough in the 2003 ceasefire agreement on the LoC has provided an opportunity to the commerce ministry to revisit the decision and as per details shared by the Pakistan government sources, Islamabad may be importing cotton from India.
"The advisor may take a decision on whether to import cotton and yarn from India next week," confirmed an official from the federal ministry of commerce.
"Once the principal decision is taken, a formal summary will be presented before the Economic Committee of the cabinet," the official added. Sources also confirmed that deliberations over the restoration of cotton and yarn import in the first phase from India are already underway. However, decision would be taken after Prime Minister Imran Khan gives approval on the summary, as he also holds the portfolio of the commerce minister.
This will be a major development since Pakistan had severed trade ties with India in protest against Modi government's decision to change the special status of Jammu and Kashmir, abrogating Article 370 and 35A. Pakistan maintains that any unilateral decision to change the special status of the Jammu and Kashmir is illegal and in violation of the UN resolution.
