Pakistan may allow cotton import from India through the land route as prospects of the gradual restoration of bilateral trade ties have brightened after the new ceasefire agreement along the Line of Control, according to a media report on Sunday.
Adviser to the Prime Minister on Commerce Abdul Razak Dawood may take a decision on whether to import cotton and yarn from India next week.They said that the issue of the cotton shortfall has already been brought to the notice of Prime Minister Imran Khan, who also holds the portfolio of the commerce minister. Once a principled decision is taken, formal order will be presented before the Economic Coordination Committee of the Cabinet, the sources told the daily.The sources said that in-house deliberations have already begun but the final decision would be taken only after seeking the approval of the prime minister.
The two countries signed a ceasefire agreement in 2003, but it has hardly been followed in letter and spirit over the past several years.Relations between the two neighbours have nose-dived after a series of terror attacks in India perpetrated by terror groups based in Pakistan. Bilateral ties deteriorated further after India revoked the special status of Jammu and Kashmir in 2019.
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