Pakistan’s cabinet, the final authority on resuming trade with India, reversed a decision by a government economic committee on Wednesday to import cotton and sugar from the neighboring country.
The cabinet, headed by Prime Minister Imran Khan, linked the resumption of trade with the restoration of autonomy to the region of Kashmir, interior minister Shaikh Rashid Ahmed said. Pakistan downgraded diplomatic relations and suspended bilateral trade with India in August 2019 after New Delhi revoked the autonomy for its part of the disputed territory.
The decision to start imports, aimed at addressing shortages and stabilizing prices in Pakistan, was criticized by analysts and opposition parties as a compromise on Kashmir.
To read the full article from Bloomberg, please click here