Suspension of Cross LoC trade through Poonch results in loss of 81 Crores

Srinagar

Suspension of cross-LoC trade between Jammu and Kashmir and Pakistan-administered Kashmir (PaK) for the last 17 weeks has resulted in a loss of over Rs 81 crore, an official said Tuesday.

Authorities in Jammu and Kashmir have sought a meeting with officials of PaK on Thursday to discuss resumption of cross-LoC travel and trade via the Poonch-Rawalkote road.

Trade across the Line of Control (LoC) was suspended on July 11 after heavy cross border firing and shelling caused damage to trade facilitation centres and police barracks.

“Due to suspension of trade along the LoC, there was a loss of over Rs 81 crore during the period,” custodian of LoC trade (Poonch), Mohammad Tanveer told PTI.

“We have requested PaK officials — via the government — for a meeting on November 2 to decide on resumption of the cross-LoC travel and trade via the Poonch-Rawalkote road,” he said, adding a response from PaK authorities was awaited.

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