Related News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

Thomas Fuller | SOPA Images | Lightrocket | Getty Images Apple is taking a cue from some of its competitors. The technology giant’s Apple TV+ monthly subscription is now $12.99,

As more people use AI chatbots to vent about stress and seek emotional support, questions remain about whether artificial intelligence can be trusted with mental health. Psychiatrist Dr. Marlynn Wei

Sales of previously occupied US homes registered an uptick in July, aided by a modest decline in mortgage rates, slower home price growth and the largest supply of properties on

US aviation major Boeing is negotiating a potential sale of as many as 500 aircraft to Chinese companies, Bloomberg News reported on Thursday, citing sources familiar with the discussions.A deal

US stocks slipped again on Thursday, extending a run of modest losses that began after last week’s record high. The S&P 500 eased 0.3%, putting it on track for a

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Attari border closed: How it will impact trade with Pakistan

Word Count: 657 | Estimated Reading Time: 4 minutes


Attari border closed: How it will impact trade with Pakistan

India has delivered an economic blow to Pakistan after the deadly terrorist attack on tourists in Pahalgam that claimed 28 lives, announcing the immediate closure of the Integrated Check Post (ICP) at Attari.The decision was taken by the Cabinet Committee on Security and was announced by foreign secretary Vikram Misri on Wednesday.
“Those who have crossed over with valid endorsements may return through that route before 1st May 2025,” said Misri, clarifying that the route will remain open for returnees only for a limited time.
Attari, located just 28 kilometres from Amritsar, is India’s first Land Port and the only permitted land route for trade with Pakistan. Spread across 120 acres and directly connected to national highway-I, the check post has played a crucial role in cross-border trade, particularly in imports from Afghanistan.
The Attari-Wagah corridor has witnessed fluctuating figures in trade and passenger movement over the years. In 2023-24, the land port recorded trade worth Rs 3,886.53 crore with 6,871 cargo movements and 71,563 passenger crossings.
The Attari Land Port has long served as a critical trade conduit between India and Pakistan, handling a variety of goods. Key Indian exports through the route include soybean, chicken feed, vegetables, red chilies, plastic dana, and plastic yarn. On the other side, imports from Pakistan and beyond have largely comprised dry fruits, dry dates, gypsum, cement, glass, rock salt, and various herbs. The closure of the port is expected to significantly impact the movement of these goods, particularly affecting small traders and manufacturers who rely on this cross-border exchange.
However, volumes have generally declined since 2018-19, reflecting ongoing tensions and disruptions.
Rising tensions between India and Pakistan are set to deal yet another blow to an already fragile and faltering trading relationship. The decision is expected to affect small traders and industries who rely on these daily use items as a means of bread winning.
Moreover, Afghan imports into India and vice versa, many of which pass through Pakistan via this route, may also face logistical challenges.





Source link

Most Popular Articles