Islamabad, April 3
Prime Minister Imran Khan has determined that Pakistan can’t go forward with any trade with India under the current circumstances after holding consultations with key members of his Cabinet on importing cotton and sugar from the neighbouring nation, a media report mentioned on Saturday.
The prime minister after consultations on Friday instructed the Ministry of Commerce and his financial workforce to instantly take steps to facilitate the related sectors, value-added, attire and sugar, by discovering different low-cost sources of import of the wanted commodities, the Dawn newspaper quoted sources as saying.
Various proposals have been offered to the Economic Coordination Committee (ECC) which considers these strategies from an financial and industrial viewpoint. After consideration by the ECC, its choices are offered to the Cabinet for ratification and closing approval, the report mentioned.
In the current case, a proposal was offered to the ECC to permit the import of cotton, cotton yarn and sugar from India holding in view home necessities, it mentioned.
With regard to the ECC choice to permit import of sugar, cotton and cotton yarn from India, Khan held consultations with key members of his Cabinet on Friday and determined that Pakistan couldn’t go forward with any trade with India under the current circumstances, it mentioned.
The ECC had selected industrial grounds to advocate these imports for the Cabinet’s consideration.
While the choice was not on the formal agenda of the Cabinet assembly, the difficulty was introduced up by Cabinet members and the prime minister instructed that the ECC’s choice be deferred and instantly reviewed, the report mentioned.
The Cabinet headed by Prime Minister Khan on Thursday rejected the proposal of the high-powered committee to import cotton from India, with Foreign Minister Shah Mahmood Qureshi asserting that there will be no normalisation of ties till New Delhi reverses its choice in 2019 to revoke the particular standing of Jammu and Kashmir.
Pakistan’s U-turn on Thursday got here a day after the ECC, under newly-appointed Finance Minister Hammad Azhar, really useful importing cotton and sugar from India, lifting an almost two-year-long ban on its import from the neighbouring nation amidst tensions over the Kashmir situation.
India has mentioned that it needs regular neighbourly relations with Pakistan in an surroundings freed from terror, hostility and violence. India has mentioned the onus is on Pakistan to create an surroundings freed from terror and hostility.
India has additionally informed Pakistan that “talks and terror” can’t go collectively and has requested Islamabad to take demonstrable steps in opposition to terror teams liable for launching varied assaults on India.
The ECC’s choice had raised hopes of a partial revival of Pakistan-India bilateral trade relations, which have been suspended after the August 5, 2019 choice of New Delhi to revoke the particular standing of Jammu and Kashmir.
In May 2020, Pakistan lifted the ban on the import of medicines and uncooked materials of important medicine from India amidst the COVID-19 pandemic.
India’s transfer to revoke the particular standing of Jammu and Kashmir in 2019 angered Pakistan, which downgraded diplomatic ties and expelled the Indian High Commissioner in Islamabad. Pakistan additionally snapped all air and land hyperlinks with India and suspended trade and railway providers. PTI