Pakistan has said that trade regime with India remains unchanged despite tensions in the bilateral relationship. Commerce Minister Khurram Dastgir made the remarks at the Senate Standing Committee on Textile Industry in response to a point raised by Committee Chairman Senator Mohsin Aziz, who said a huge quantity of Indian raw cotton had been stopped at Karachi Port, state-run Associated Press of Pakistan reported.
Watch What Else Is Making News
Responding to the question, Dastgir yesterday said that the government has not issued any notification in this regard.
However, he said the government has put restriction of importing 500,000 cotton bales in a year through Wagah border while there was not any such restriction on Karachi port.
- Here’s Why Delhi-NCR Gets Pollution Code On Lines Of Beijing
- PM Modi Is More Interested In TRP Politics Rahul Gandhi At Congress Parliamentary Meet
- Bigg Boss 10 December 1 Review: Priyanka Jagga Succeeds In Her Divide And Rule Strategy
- Kahaani 2 Audience Reaction: Vidya Balan Starrer Thriller Gets Mixed Reviews
- Find Out What PM Modi Said About Demonetisation On LinkedIn
- Row Over West Bengal ”Military Coup” Issue Escalates: Who Said What
- Here’s How Mohammad Kaif Replied To Virender Sehwag’s Birthday Wish On Twitter
- West Bengal CM Mamata Banerjee’s Flight Reportedly Had Low Fuel: Here’s What Happened
- Reliance Jio Welcome Offer Extended Till March 31, JioMoney Launched
- Uri Attackers Came From Pakistan, Establishes Digital Data
- Bigg Boss 10 Nov 30 Episode Review: Captaincy Brings Differences In Manoj Punjabi & Manveer Gurjar
- Congress Vice President Rahul Gandhi’s Official Twitter Handle Hacked
- After Rahul Gandhi’s Twitter Handle, Congress Official Twitter Account Hacked
- 3 Dead As Army Helicopter Crashes In Sukna In West Bengal
- BJP, Congress Engage In War Of Words Over Nagrota Attack: Find Out More
Aziz said the government should instead ban value-added products from the neighbouring country in a bid to protect the local textile industry.
The meeting was informed that the local textile industry was in a dilapidated condition and its exports were on the decline due to a number of issues including high prices of gas and electricity, high tariffs on import of input materials for industries, lack of progress on restructuring of bank loans and failure to revive sick units.
Dastgir said the government was committed to resolve all the genuine issues of the textile industrialists and it had already met a number of their demands including provision of uninterrupted electricity and gas to the industry.
It was decided that a meeting would be held in Karachi to resolve the issue of banking sector with the textile industry in which representatives from the textile industry, the State Bank of Pakistan, National Bank of Pakistan and private banks would be invited.