Home FEATURED NEWS Pakistan companies ask for commerce ties with India, new authorities agrees to contemplate demand

Pakistan companies ask for commerce ties with India, new authorities agrees to contemplate demand

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ISLAMABAD/NEW DELHI: Pakistan’s new govt could resume commerce ties with India in deference to the calls for of native businesses, the nation’s international minister Ishaq Dar mentioned on the finish of his UK-Europe go to.

Dar’s assertion about ending the practically five-year suspension of commerce over India revoking J&K’s particular standing in August 2019 comes weeks after PM Shehbaz Sharif thanked counterpart Narendra Modi for his congratulatory message on X.

India, nonetheless, believes Pakistan should first reinstate its excessive commissioner in India earlier than nursing any considered a rapprochement with India. Pakistan had recalled its high diplomat from India and known as off commerce after India revoked the particular standing of the erstwhile state of Jammu and Kashmir.

Known to be a dove in India-Pakistan diplomatic parlance, Dar is a trusted aide of Nawaz, whose daughter is married to the international minister’s son. India will wait although to see if the four-time finance minister’s remarks have the backing of the military, given its personal expertise with the earlier Sharif authorities. Foreign minister S Jaishankar had solely on Saturday accused Pakistan of selling terrorism at “industry level”.

“Pakistani businessmen want to trade with India…the govt will examine the possibility by holding consultations with all stakeholders,” international minister Dar mentioned at a presser on the Pakistan High Commission in London on Saturday.

Pakistan may prioritise reviving the financial system earlier than contemplating normalising ties with India, he indicated at the same time as he broached Kashmir.

“India took extreme steps in August 2019 by making a constitutional and legal amendment that was very painful,” the international minister mentioned, additionally mentioning “UN Security Council resolutions on Kashmir” and a “dispute that lingers”.

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“But I believe the Pakistani business community has been making this appeal and demand (to resume trade with India),” he mentioned.

The geopolitical divide has impacted companies on either side, primarily these centered on cross-border commerce, primarily in textiles, agricultural merchandise and medical gadgets.

“They (businesspeople) pointed out that imports are continuing via Dubai and Singapore with extra freight and transportation costs,” Dar mentioned. “Let’s see what can be done, at least to the extent of economic activities and trade…You can’t change your neighbours. We have to coexist.”

India and Pakistan have laid down conditions for normalising bilateral ties, frozen since 2019. Pakistan stays agency on J&K’s erstwhile particular standing, whereas India insists Article 370 is its enterprise and off the agenda for any bilateral talks.

India has usually correlated Pakistan with cross-border terrorism and has expressed zero tolerance on this.

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