Related News

India’s fiscal deficit touched 29.9% of the full-year target at the end of July, data released by the Controller General of Accounts (CGA) on Friday showed.The gap between government expenditure

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, arrives to pay his last respect to Indian industrialist Ratan Tata at the National Centre for the Performing Arts (NCPA) ahead

India’s GDP growth (AI image) India’s GDP grew at a robust 7.8% for the first quarter of the current financial year 2025-26, beating estimates by over a full per cent.

The rupee on Friday tumbled past the 88-per-dollar mark for the first time, finishing the day at an all-time closing low of 88.19 (provisional). The sharp fall of 61 paise

Reliance Industries Ltd (RIL) on Friday announced a joint venture with social media major Meta, with an initial investment of about Rs 855 crore ($100 million), to build and scale

Power Finance Corporation (PFC) and Japan Bank for International Cooperation (JBIC) have signed a loan agreement worth 60 billion Japanese Yen (about Rs 3,500 crore) to fund clean energy projects

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

Pahalgam attack fallout: Pakistan shuts ports for Indian ships after New Delhi bans imports from Islamabad

Word Count: 578 | Estimated Reading Time: 3 minutes


Pahalgam attack fallout: Pakistan shuts ports for Indian ships after New Delhi bans imports from Islamabad

NEW DELHI: In a retaliatory move, Pakistan has shut its ports for ships coming from India after the latter banned imports from the neighbouring nation in another economic crackdown after the Pahalgam terror attack.
“In view of the recent development of maritime situation with neighbouring country, Pakistan in order to safeguard maritime sovereignty, economic interest and national security enforces following measures with immediate effect: Indian flag carriers shall not be allowed to visit any Pakistani port, Pakistani flag carriers shall not visit any Indian port (and) any exemption or dispensation shall be examined and decided on case to case basis,” Pakistani newspaper Dawn reported quoting its ministry of maritime affairs’ ports and shipping wing.
India has imposed a complete ban on imports of all goods from Pakistan, citing national security and public policy concerns, according to an official order. While a 200% import duty following the 2019 Pulwama attack had already curtailed direct trade, the new restrictions also block Pakistani goods arriving via third countries.
The move comes just over a week after India rolled out a series of punitive measures against Pakistan—including suspending the Indus Waters Treaty, closing the Attari land border crossing, and downgrading diplomatic ties—in response to the recent terror attack.
Relations between India and Pakistan plunged after the April 22 Pahalgam terror attack that killed 26 people, most of them tourists. In response to the escalating tensions, India imposed fresh punitive measures, including the immediate suspension of mail and parcel exchanges with Pakistan by both air and land routes.





Source link

Most Popular Articles