Islamabad, Oct 28 (NIA) – Pakistan’s main trading body is likely to cease trade ties with India if the situation between the two countries did not improve soon, the Dawn reported on Friday.
President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Abdul Rauf Alam said that Pakistan had no compulsions of any sort to continue business and trade relations with India under the current hostile conditions.
The entire Pakistani business community, he said, was united to take any decision and given the tense situation in the region, it was not possible to continue trade relations with India.
He pointed out the role of the Saarc Chamber of Commerce and Industry and said that it left them with no choice but to promote trade relations with ECO and D-8 countries.
As tensions continued to mount after the deadly Uri attack, India’s Associated Chambers of Commerce of Industry, last month said that snapping trade ties with Pakistan would not affect India at all since trade with Pakistan was equivalent to 0.41% of India’s global merchandise commerce and it is abysmally low accounting for less than half a percent of India’s total global trade.