After the terrorist attacks in Jammu and Kashmir Pahalgam, India not only damaged Pakistan through Operation Sindur, but also imposed a number of restrictions and put Pakistan on his knees. India banned access to ships carrying Pakistani goods as well as ports coming from Pakistan, which has increased its shipping costs and delays in freight transport.
The charge of the malabda increased
Pakistani importers said that the shipping time has increased due to the Indian ban and the charge of Malaba has increased, the Dawn newspaper said on Sunday. “The main ships are not coming to Pakistan due to Indian action. Our imports are delaying 30 to 50 days,” said Javed Bilwani, president of the Karachi Chamber of Commerce and Industry.
Also increase in insurance costs
He said that importers are now relying on feeder ships, which increases costs. Following the Indian ban, exporters also increased shipping and insurance costs. However, he said that the overall impact on exports was minimal. “No significant impact has been affected by exports except for the increase in insurance costs. Shipping costs were already increased,” said Aamir Aziz, exporter of textile make-ups.
India increased import duty by 200 percent
Indo-Pakistan trade relations deteriorated after Pahlgam terrorist attacks. As a result, India increased the import duty on all goods imported from Pakistan to 200 percent. Formal trade relations between Pakistan and India have been stable since 2019 and US $ 1.2 billion in US $ 2.41 billion in bilateral trade 2018. Pakistan’s exports to India have dropped from US $ 547.5 million in 2019 to only US $ 4,80,000 in 2024.
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