Poonch-Rawalkote: Loss pegged at over Rs 81 crore as cross-LoC trade remains suspended

By | October 31, 2017

By: PTI | Jammu |
Printed:October 31, 2017 three:02 pm

india pakistan trade, Poonch-Rawalkote, ceasefire violation A busy road in Srinagar on Saturday. (Categorical Photograph by Shuaib Masoodi)

Suspension of cross-LoC commerce between Jammu and Kashmir and Pakistan-occupied Kashmir (PoK) for the final 17 weeks has resulted in a lack of over Rs 81 crore, an official stated immediately. Authorities in Jammu and Kashmir have sought a gathering with officers of Pakistan-occupied Kashmir (PoK) on Thursday to debate resumption of cross-LoC journey and commerce by way of the Poonch-Rawalkote highway. Commerce throughout the Line of Management (LoC) was suspended on July 11 after heavy firing and shelling from the Pakistani aspect prompted harm to commerce facilitation centres and police barracks.

“Attributable to suspension of commerce alongside the LoC, there was a lack of over Rs 81 crore throughout the interval,” custodian of LoC commerce (Poonch), Mohammad Tanveer informed PTI. Now we have requested PoK officers — by way of the federal government –for a gathering on November 2 to determine on resumption of the cross-LoC journey and commerce by way of the Poonch-Rawalkote highway,” he stated, including a response from PoK authorities was awaited. Cross-LoC commerce and transport amenities are thought-about main confidence constructing workout routines between India and Pakistan. In accordance with official figures, items value Rs 1,500 crore was traded because the begin of the power in 2008.

The cross-LoC bus service by way of Poonch-Rawalakot highway too remained suspended for the previous 17 weeks. Jammu and Kashmir has witnessed the worst border skirmishes between India and Pakistan alongside the LoC this yr. In accordance with Indian Military figures, until August 1, there have been 285 such violations by the Pakistan Military, whereas in 2016, the quantity was 228 for the complete yr.

Eleven individuals, together with 9 troopers, have been killed and 18 injured in ceasefire violations by the Pakistan Military in July, in response to the Military knowledge. There have been as many as 83 ceasefire violations, one BAT (border motion staff) assault and two infiltration bids from the Pakistani aspect in June through which 4 individuals, together with three jawans, have been killed and 12 injured.

The cross-LoC bus companies on the Poonch-Rawalakot highway between Jammu and Kashmir and Pakistan occupied Kashmir (PoK) additionally remained suspended for the fourth consecutive week.

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