Pakistan-India Trade Grows 46% in October 2024 Amid Tensions
Pakistan’s imports from India have increased for the fourth time in a row during the first eight months of the current government. In October 2024, imports grew by 46% compared to the same period last year, reaching $35.8 million, up from $24.5 million in October 2023.
This growth follows earlier increases of 45% in September and 5% in August. Trade between the two countries had been largely suspended since August 2019 after India revoked Kashmir’s special status. However, Pakistan later eased restrictions, allowing the import of life-saving medicines despite the strained relations.
This rise in trade comes at a time of heightened tension between the two neighbors. Recently, India declined to send its cricket team to Pakistan for the 2025 Champions Trophy, despite Pakistan’s assurances of addressing any security concerns.
The growing trade figures highlight a cautious reopening of economic ties amid ongoing political disagreements. While imports remain limited, the consistent increase signals a potential shift in the approach to cross-border trade, focusing on specific goods like essential medicines.
However, the broader relationship remains fragile, with disagreements in other areas, including sports and diplomacy, continuing to strain ties.
The situation reflects a complex dynamic where limited economic engagement persists despite the overall political challenges between Pakistan and India.
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