Pakistan on Wednesday lifted a virtually two-year-long ban on its import from India amidst tensions over the Kashmir difficulty however did a U-turn a day later
Prime Minister Imran Khan determined that Pakistan cannot go ahead 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.
Pakistan’s U-turn on Thursday got here a day after the Economic Coordination Committee (ECC), under newly-appointed Finance Minister Hammad Azhar, recommended importing cotton and sugar from India, lifting a virtually two-year-long ban on its import from the neighbouring nation amidst tensions over the Kashmir difficulty.
The Prime Minister after consultations on Friday instructed the Ministry of Commerce and his financial crew to right away take steps to facilitate the related sectors, worth added, attire and sugar, by discovering various low-cost sources of import of the wanted commodities, the Dawn newspaper quoted sources as saying.
Various proposals have been offered to the ECC which considers these ideas from an financial and industrial perspective. After consideration by the ECC, its selections are offered to the Cabinet for ratification and ultimate 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 preserving in view home necessities, it mentioned.
With regards to the ECC determination 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 suggest 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 determination 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 determination in 2019 to revoke the particular standing of Jammu and Kashmir.
‘Onus on Pakistan’
India has mentioned that it wishes regular neighbourly relations with Pakistan in an atmosphere freed from terror, hostility, and violence. India has mentioned the onus is on Pakistan to create an atmosphere freed from terror and hostility.
India has additionally informed Pakistan that “talks and terror” can not 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 determination had raised hopes of a partial revival of Pakistan-India bilateral trade relations, which had been suspended after the August 5, 2019 determination 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 medication 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.