Faced with economic crisis and inflation in the Corona crisis, Pakistan has taken a step towards improving relations with India by losing. To save the textile industry in Pakistan from rising sugar prices and crises, the Imran Khan government finally lifted the ban imposed on imports from India two years ago. Why did the Imran government, which spewed venom on international forums against India, lift the ban on the import of cotton and sugar?
Sugar prices in Pakistan are skyrocketing due to the halt of the import of sugar and cotton from India and the textile industry is on the verge of sinking. Pakistan is struggling to get these two back on track, in such a situation, the Economic Coordination Council (ECC), an organization that looks after the economic affairs in Pakistan, has asked private sector companies in Pakistan to import half a million tonnes of white sugar from India. Allowed. The country hopes that the move will help in overcoming the prices. The decision was announced by Finance Minister Hammad Azhar after the ECC meeting.
The minister said, if the people get relief by improving relations with India, then it is acceptable
Finance Minister Hammad Azhar told that Pakistan will also import sugar, cotton, and cotton from India. Azhar said that there is no harm if the burden on the common man is reduced by improving trade relations with a country (India) and importing goods from there. He said that the prices of sugar in our neighboring country are much lower than in Pakistan.
Private and public companies will be able to import cotton
The Pakistani minister said that sugar business would be kept open till June 30 for Pakistani private companies. Apart from private companies, government institutions have also been allowed to import cotton.
Imran will Convince the angry people with the sugar of India
In India, both products are available from other countries at lower prices. India is the largest producer of cotton in the world and the second-largest producer of sugar. Importing sugar from India will help Pakistan reduce sugar prices before Ramadan, which will likely reduce the resentment among the people there. is. On the other hand, exports to Pakistan will reduce the burden of excess goods lying in India's local markets.
Demand for purchase from Pakistan started coming
Sources said Pakistani buyers have also started inquiring about buying Indian sugar and cotton.
India did not give any response
There has been no response from the Modi government to Pakistan's decision to resume trade with India. Please tell
... that's why he had broken ties with India
Pakistan broke ties with India after ending the special status of Jammu and Kashmir in August 2019. Pakistan was one of the leading buyers of Indian cotton till earlier, but after the removal of Article 370 from Jammu and Kashmir, Pakistan prohibited all goods imported from India.
Pakistan buys sugar from international markets. Pakistan had last month floated two tenders to buy 50,000 tonnes of sugar, but rejected bids for both tenders in March.
The dealer, who works for a global trade company, said that Pakistani traders are already buying Indian sugar for supply in Afghanistan through their Dubai-based offices. If India also approves the decision of Pakistan, then they will take their goods off in Pakistan itself. The dealer also told that Indian exporters can also send goods by sea or road, this gives them an edge over other countries.
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