Pakistan to Resume trade with India after 19 Months Hiatus

Pakistan’s government will resume trade with India, in the latest sign that tensions are easing between the two nations. Prime Minister Imran Khan’s economic coordination committee approved importing cotton yarn until June, Finance Minister Muhammad Hammad Azhar said at a briefing in Islamabad Wednesday.
It will also purchase 500,000 tons of sugar to help stabilize prices since the sweetner is 15%-20% cheaper in India, he said. Pakistan downgraded diplomatic relations and suspended bilateral trade with India in August 2019 after New Delhi revoked autonomy for the disputed Muslim-majority state of Jammu and Kashmir.