Pakistan's Trade Suspension Costs $40 Billion: PIBC Chief
· World · PTI, NDTV
Pakistan incurred USD 40 billion in economic losses from the suspension of trade with India, according to PIBC chief. The trade suspension occurred after India halted cross-border commerce, severely impacting Pakistan's economy. This figure represents direct financial damage to Pakistan's economic infrastructure and trade balance. The economic toll underscores the significant leverage India holds in the bilateral trade relationship. No official Pakistani response or mitigation plan has been publicly detailed yet. The suspension marks a sharp escalation in economic hostilities between the two nations.
Why it matters
Pakistan's economy faces severe strain as trade with India, its largest trading partner, remains halted, directly affecting livelihoods and fiscal stability.
Read the original report — PTI
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