Pakistan suffered $40 billion in economic losses due to suspension of trade with India: PIBC chief

Synopsis Lahore has faced an estimated USD 40 billion in economic losses since trade with India paused in 2019. Business leaders emphasize the need for restoring these commercial ties to stimulate mutual benefits. The suspension has escalated costs for essential goods that are typically imported from India. Industries, particularly textiles and pharmaceuticals, have struggled to cope with rising transportation and sourcing expenses. Lahore: Pakistan has suffered an estimated USD 40 billion in economic losses since trade with India was suspended in 2019 following the Pulwama terror attack and subsequent escalations, the head of a business advocacy group said Monday. Chairman…