Pakistan finally relents: cousin country finally leads. Imports of sugar and cotton from India have been banned for almost two years.
Pakistan finally relents: cousin country finally leads. The Pakistani government has allowed the import of sugar and cotton from India, ending a nearly two-year ban. Pakistan will no longer import sugar and cotton from India, Finance Minister Hammad Azar said on Wednesday. This seems to have lifted Pakistan’s ban on imports from India after 19 months.
The decision was taken after a meeting of the Economic Coordination Committee (ECC), the finance minister said. As a result, the private sector in Pakistan will be able to import five lakh tonnes of white sugar from India. “The price of sugar in India is very low. Therefore, we have decided to restart the sugar business with India,” he said.
In addition, Pakistan will also import cotton from India from June this year, the Finance Minister said. “The ban on cotton imports from India has had a direct impact on their SMEs,” the minister said. In this context, he said, it was also decided to resume the cotton trade with India as per the recommendation of the Ministry of Commerce. Meanwhile, Pakistani trade groups believe that the resumption of imports of sugarcane and cotton will lead to a partial resumption of India-Pakistan bilateral trade relations.
In fact India is the largest producer of cotton in the world and the second largest producer of sugar. Until 2019, Pakistan will be one of the largest buyers of Indian cotton. However, Islamabad has banned the import of such goods from India after the Indian government revoked the special status of Jammu and Kashmir.
However, on the occasion of Pakistan Day, Indian Prime Minister Narendra Modi wished the people of Pakistan, in response to which Pakistani Prime Minister Imran Khan wrote another letter thanking Prime Minister Narendra Modi. It is noteworthy that this crucial trade evolution took place the day after the formation of this congenial atmosphere. In a letter to Prime Minister Imran Khan thanking Modi, he also spoke about Jammu and Kashmir and peace between India and Pakistan.
In his letter to Prime Minister Narendra Modi, Khan said that the people of Pakistan want peaceful and cooperative relations with all its neighbors, including India. “We will continue to do our part to resolve all issues between India and Pakistan, especially the Jammu and Kashmir dispute, for a lasting peace and stability in South Asia,” Imran was quoted as saying in a letter to the Indian Prime Minister.
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