The ban on trade with India is likely to be lifted soon after the recent correspondence between Prime Minister (PM) Imran Khan and Indian Prime Minister (PM) Narendra Modi.
PM Modi conveyed well wishes in a message to PM Imran after he tested positive for COVID-19. Later on Pakistan Resolution Day too Modi wrote a letter saying that India desired cordial relations with the people of Pakistan.
Pakistan suspended trade with India in 2019 but recently imported life-saving drugs.
The advisor to PM on commerce and investment, Abdul Razak Dawood, while speaking to media said, “Since the recent thawing began, the prime minister is in isolation being COVID positive. I haven’t talked to him as I don’t want to disturb him. I sincerely hope that trade with India will start again. Trade should be separated from politics.”
Last week, Chief of Army Staff (COAS) General Qamar Javed Bajwa, while speaking at Islamabad Security Dialogue, also said, “It is time to bury the past and move forward.”
On August 10, 2019, Pakistan imposed a trade ban on India after the escalation of violations on the Line of Control (LOC). In response, New Delhi withdrew the Most Favoured Nation (MFN) status from Pakistan, also after the Pulwama incident.
However, even before the suspension, the bilateral trade between Pakistan and India had been below $2 billion.
Now, with improvement on the horizon between the two nuclear neighbours, Dawood also said that a decision on the import of cotton from India through land route is expected soon.