financetom
Economy
financetom
/
Economy
/
Indo-Pak: Faltering trade relations between traditional foes
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Indo-Pak: Faltering trade relations between traditional foes
Feb 18, 2019 3:27 AM

Indo-Pak: Faltering trade relations between traditional foes

SUMMARY

In the aftermath of the dastardly terror attacks that killed over 40 CPRF personnel, the government on Saturday took the unprecedented step of slapping a 200 percent import duty on all goods originating or exported from Pakistan. The development came a day after Finance Minister Arun Jaitley announced that India will withdraw the 'Most Favoured Nation' status accorded to Pakistan with immediate effect in the aftermath of the terror attack. While India imports goods worth around $400 million from Pakistan, its exports stand at around $1.5 billion. In 2012, both countries had vowed to normalise trade relations by initiating talks on Kashmir and other issues. These pictures, from 2004 till 2017, are a testimony to trade relations between the two arch-rivals in the wake of border disputes and internal skirmishes.

By Shome Basu Feb 18, 2019 12:35:16 PM IST (Updated)

Pakistani truck driver at a cement offloading site in India.

Indian and Pakistani truck drivers at the Attari-Wagah trade post.

Cement from Pakistan getting offloaded.

An Indian porter collects gypsum offloaded by Pakistani trucks to take them to Indian lorries.

A Pakistani lorry driver relaxes by smoking an Indian cigarette.

Indian customs at Attari.

An old man looks at Onyx products.

A Pakistani trader selling onyx and porcelain items at a trade fair in India

'Made in Pakistan' event in New Delhi, 2006 at Talkatora stadium.

ITPO Pak stalls

Indians shopping Pakistani fashion garments at a trade fair in New Delhi.

An Indian lady buying Pakistani fashion garments.

Pakistani designers at India-Pakistan trade fair at Talkatora stadium in 2006.

Pakistanis and Indians playing Holi at the business chambers meet in New Delhi

Pakistani and Indians playing Holi in 2004.

Indo-Pak Holi meetin 2004.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US banks may lose $500 billion to stablecoins by 2028, Standard Chartered warns
US banks may lose $500 billion to stablecoins by 2028, Standard Chartered warns
Mar 11, 2026
Jan 27 (Reuters) - U.S. dollar-backed crypto tokens known as stablecoins could pull around $500 billion in deposits out of U.S. banks by the end of 2028, Standard Chartered ( SCBFF ) estimated on Tuesday - new analysis that could intensify a fight between banks and crypto companies over legislation to set rules ‌for the digital asset sector.  Regional U.S....
Trump: I don't think Dimon likes me too much these days
Trump: I don't think Dimon likes me too much these days
Mar 11, 2026
WASHINGTON, Jan 28 (Reuters) - U.S. President Donald Trump said on Wednesday that he didn't ‌think JP Morgan Chase ​CEO Jamie Dimon liked him ‍too much these ⁠days, ⁠alluding to the $5 billion lawsuit ‌he filed ​last week. I don't think Jamie likes me ⁠too ‍much ​nowadays, but that's OK, Trump said to laughter at ‍an event on his Trump...
Looming US rule changes may curb pregnant worker supports
Looming US rule changes may curb pregnant worker supports
Mar 11, 2026
By David Hood-Nuño WASHINGTON, Jan 27 (Reuters) - Nearly three months pregnant, Kennisha just needed to sit down. As assistant manager at a Sonic fast-food outlet on the outskirts of Dayton, Ohio, she sat on the only chair available to employees to ease her nausea, according to a complaint filed on Monday with the Equal Employment Opportunity Commission under the...
In the Market: Wall Street's banking on next Fed chair to stand up to Trump
In the Market: Wall Street's banking on next Fed chair to stand up to Trump
Mar 11, 2026
DAVOS, Switzerland Jan 27 (Reuters) - U.S. President Donald Trump bemoaned last week his issue with naming the next Federal Reserve chair: The problem, he said, is they change once they have the job. Wall Street is counting on it. With questions swirling around the Fed's resilience in the face of the Trump administration's multi-pronged assault on the institution, including...
Copyright 2023-2026 - www.financetom.com All Rights Reserved