India loses $410m in trade with Pakistan: The Nation

Javed Mahmood

KARACHI - The Indian government suffered a loss of $410 million in its exports to Pakistan in 2008-09 because of the political tension that was magnified by Indians after the Mumbai tragedy.
Details obtained by The Nation reveal that during 2008-09 Pakistan’s imports from India dropped to $1.03 billion as against $1.44 billion in 2007-08, showing a decline of $410 million.
Surprisingly, the country’s exports to India edged up by $51 million or 19.45 per cent in the last financial year, but the imports from the neighbouring arch-rival fell by 28 per cent.
After the Mumbai incident in November 2008, the Indian authorities and politicians created maximum tension with Pakistan, which ultimately damaged Indian exports.
In 2008-09, the bilateral trade of the two countries depleted to $1.34 billion from $1.70 billion in 2007-08.

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