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#Pakistan and
#India Trade Relations Hit New Lows! 🚫✈️
Tensions between Pakistan and India have escalated, leading to major trade and diplomatic moves from both sides. 🔥
🇵🇰 Pakistan’s Actions:
• 📦 Completely halted all trade with India, even for goods routed through third countries.
• 🚰 Responding to India’s move to scrap a long-standing water-sharing agreement and cancel visas for Pakistani citizens.
• ✈️ Closed its airspace to Indian flights, increasing travel restrictions and pressure! 🚫🛫
🇮🇳 India’s Actions:
• 🛑 Downgraded diplomatic ties with Pakistan, expelling several Pakistani diplomats.
• 🚷 Canceled all visas issued to Pakistani nationals.
• 💊 Previously, India exported approximately $500 million worth of goods to Pakistan — including medicines, chemicals, sugar, and car parts.
• 📉 Pakistan’s exports to India were minimal, totaling around $0.42 million before the breakdown.
📊 Impact on Trade:
• Pharmaceuticals, agriculture, and auto parts sectors are among the most affected.
• Regional trade growth faces a serious setback at a time when global supply chains are already stressed. 🌍⚡
💬 Diplomatic Note:
This worsening situation could trigger even tighter sanctions, higher regional inflation, and greater instability in South Asia. 📈🌪️
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