🇵🇰 and 🇮🇳 closure of Trade Routes 📊 .

India shut down the Attari-Wagah border checkpoint, the only land trade route between the two countries. In response, Pakistan suspended all trade ties with India, including goods transiting through third countries like the UAE and Singapore .

Suspension of Airspace and Visas ✈️ .

Pakistan closed its airspace to Indian airlines and suspended all visas under the bilateral agreement, further escalating tensions .

Impact on Trade 🤑 .

Bilateral trade, which peaked at nearly $3 billion in 2018, had already declined to $1.2 billion by 2024. With the recent measures, trade has effectively ceased, impacting sectors like pharmaceuticals, chemicals, and agriculture .

Historical Context: Trade relations have been strained since 2019, when India withdrew Most Favoured Nation status from Pakistan and imposed 200% duties on imports following the Pulwama attack. Pakistan had previously suspended trade ties in response .