News
India recorded zero imports from Pakistan in the first five months of the current financial year, while exporting $235 million worth of goods, mainly sugar and pharmaceuticals, as per government data. Last year, India imported $3 million in agricultural commodities from Pakistan.
Bilateral trade has declined since 2018-19, following India's revocation of Pakistan's Most Favoured Nation (MFN) status and imposition of high tariffs due to Pakistan's "anti-India activities." Pakistan later suspended trade in August 2019, allowing only limited imports such as therapeutic products.
In 2018-19, India’s exports to Pakistan stood at $2.07 billion, with imports from Pakistan at $495 million. The decline in trade has been attributed to ongoing diplomatic strains and Pakistan's alleged support for cross-border terrorism.