Post 26/11: Indo-Pak trade falls 60pc

Posted By: Staff
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New Delhi, Mar 10: As a result of deteriorating indo-Pak relations post the Mumbai terror attacks, cross-border trade is likely to witness a sixty percent decline in fiscal 2009-10.

The trade relation has hit the new low because Indian exporters are scared from doing business with Pakistani businessmen, a FICCI survey has revealed.

The Federation of Indian Chambers of Commerce and Industry (FICCI) surveyed Indian exporters and importers doing business with Pakistan revealed the overall trade, presently at a little over two billion dollars, is likely to fall to 900 million dollars in the current year.

According to the report, the Indian export companies were unwilling to travel to Pakistan to conclude even finalized deals.


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