Business

India shuts down cross-LoC trade with Pakistan

India shuts down cross-LoC trade with Pakistan

TIL Desk/Business/New Delhi/Hardening its stand against Pakistan, India Thursday indefinitely suspended cross-LoC trade at two points along the Line of Control in Jammu and Kashmir effective Friday, following reports that it was being “misused” by elements from across the border to smuggle weapons, narcotics and fake currency.

In an official statement, the Home Ministry said orders have been issued for halting the trade at Salamabad of Baramulla in the Kashmir region, and Chakkan-da-Bagh of Poonch district in the Jammu region, after reports of very large scale “misuse” of the cross-LoC trade.

“It has, therefore, been decided by the Government of India to suspend the LoC trade at Salamabad and Chakkan-da-Bagh in Jammu and Kashmir with immediate effect.  “Meanwhile, a stricter regulatory and enforcement mechanism is being worked out and will be put in place in consultation with various agencies. The issue of reopening of LoC trade will be revisited thereafter,” the statement said.

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