๐ #Pakistan and #India Trade Relations Hit New Lows! ๐ซโ๏ธ
Tensions between Pakistan and India have escalated, leading to major trade and diplomatic moves from both sides. ๐ฅ
๐ต๐ฐ Pakistanโs Actions:
โข ๐ฆ Completely halted all trade with India, even for goods routed through third countries.
โข ๐ฐ Responding to Indiaโs move to scrap a long-standing water-sharing agreement and cancel visas for Pakistani citizens.
โข โ๏ธ Closed its airspace to Indian flights, increasing travel restrictions and pressure! ๐ซ๐ซ
๐ฎ๐ณ Indiaโs Actions:
โข ๐ Downgraded diplomatic ties with Pakistan, expelling several Pakistani diplomats.
โข ๐ท Canceled all visas issued to Pakistani nationals.
โข ๐ Previously, India exported approximately $500 million worth of goods to Pakistan โ including medicines, chemicals, sugar, and car parts.
โข ๐ Pakistanโs exports to India were minimal, totaling around $0.42 million before the breakdown.
๐ Impact on Trade:
โข Pharmaceuticals, agriculture, and auto parts sectors are among the most affected.
โข Regional trade growth faces a serious setback at a time when global supply chains are already stressed. ๐โก
๐ฌ Diplomatic Note:
This worsening situation could trigger even tighter sanctions, higher regional inflation, and greater instability in South Asia. ๐๐ช๏ธ