Suspension of trade relations to hit Pakistan more badly as India: FIEO

Author(s): City Air NewsLudhiana, August 7, 2019: FIEO president Sharad Kumar Saraf has reacted to Pakistan Prime Minister Imran Khan’s direction of downgrading of diplomatic relations with India and suspension of bilateral trade. In a...

Suspension of trade relations to hit Pakistan more badly as India: FIEO
Author(s): 

Ludhiana, August 7, 2019: FIEO president Sharad Kumar Saraf has reacted to Pakistan Prime Minister Imran Khan’s direction of downgrading of diplomatic relations with India and suspension of bilateral trade.

In a statement, Saraf said, “The suspension of trade relations will hit Pakistan more badly as India is less dependent on Pakistan while latter is more. India's goods exported to Pakistan has limited profile as Pakistan has not given MFN status to India and such goods have ready market in South Asia and Middle East.”

Date: 
Wednesday, August 7, 2019