He called for improved agricultural policies to revive domestic cotton production.
Pakistan Lost $40 Billion Since Trade With India Was Halted: Report
In short
Bilateral commerce between the two neighboring nations remains frozen, compounding cross-border financial strains. Over the course of the suspension, Pakistan has forfeited an estimated $40 billion in economic opportunities and exchange. The staggering total highlights the heavy fiscal price the country has endured since normal trade routes with India were initially halted.
Key points
- Prolonged commercial freezes with regional neighbors can inflict tens of billions of doll…: Prolonged commercial freezes with regional neighbors can inflict tens of billions of dollars in trade damage.
- Pakistan continues to absorb significant economic fallout as cross-border exchange with I…: Pakistan continues to absorb significant economic fallout as cross-border exchange with India remains fully suspended.
- Normalizing regional trade ties remains critical to avoiding further multi-billion-dollar…: Normalizing regional trade ties remains critical to avoiding further multi-billion-dollar deficits for the country.