New Delhi, May 3 (IANS) India has banned all imports – direct and indirect – from Pakistan amid rising tensions with the neighbouring country over the barbaric Pahalgam terror attack.
According to a notification by the Commerce Ministry, “Direct or indirect import or transit of all goods originating in or exported from Pakistan, whether or not freely importable or otherwise permitted, shall be prohibited with immediate effect, until further orders.”
“This restriction is imposed in the interest of national security and public policy. Any exception to this prohibition shall require prior approval of the Government of India,” said the notification.
A provision in this regard has been added in the Foreign Trade Policy (FTP) 2023 “to prohibit direct or indirect import or transit of all goods originating in or exported from Pakistan,” it said in the notification dated May 2.
As per official data, India’s exports to Pakistan fell 56.91 per cent year-on-year between April 2024 and February 2025 to $491 million, while there were no imports. Top exports to Pakistan in FY25 included drug formulations, sugar, bulk drugs, residual chemicals and auto components.
The Attari-Wagah border, the sole trade route between India and Pakistan, had already been closed in the aftermath of the Pahalgam attack.
At least 26 civilians, including a Nepalese tourist and a local pony guide operator, were massacred by terrorists in the scenic Baisaran meadow in Jammu and Kashmir on April 22. The relations between the two nations soured as terror links to Pakistan emerged.
As per official data, India’s exports to Pakistan fell 56.91 per cent year-on-year between April 2024 and February 2025 to $491 million, while there were no imports.
Top exports to Pakistan in FY25 included drug formulations, sugar, bulk drugs, residual chemicals and auto components.
Meanwhile, the ongoing tension with India has shaken the confidence of investors in Pakistan badly, setting the country on course to record its worst performance in dollar bonds and stocks since 2023.
The investors have lost at least four per cent during April, while equities are down by three per cent. In comparison, India’s assets have largely been invulnerable.
Global powers, including the United States, have called on both parties to show restraint and de-escalate tensions.
–IANS
na/svn
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
