Opinion | How Pakistan's Anti-India Obsession Turned Into A $40 Billion Blunder
NDTV · Tara Kartha ·
The country incurred an estimated $40 billion in losses due to trade with India being suspended in 2019, with businesses facing higher sourcing and logistics costs after being forced to import goods from distant markets.
The country incurred an estimated $40 billion in losses due to trade with India being suspended in 2019, with businesses facing higher sourcing and logistics costs after being forced to import goods from distant markets.
Most people know that Pakistan is in a mess of its own making, with a jailed former Prime Minister, protests in almost all states and peripheries, a power crisis, and an economy running only due to the tight control of international financial bodies. But what has now come to light is that Pakistan has yet another self-inflicted injury. The Chairman of the Pakistan-India Business Council, Noor Muhammad Qasuri, has indicated that the country incurred an estimated $40 billion in economic losses due to trade with India being suspended in 2019, with businesses facing higher sourcing and logistics costs after being forced to import goods from distant markets. Remember that Islamabad chose to stop all trade with India after the revocation of Article 370, which ended the Special Status of Kashmir. Anyone could have forecast that this would impact its own economy.
That Trade Thing