You are here: Home » Current Affairs » News » National
Business Standard

Loss of over Rs 80 cr due to suspension of cross-LoC trade for 16 weeks

Jammu and Kashmir has witnessed the worst border skirmishes between India and Pakistan along the LoC this year

Press Trust of India  |  Jammu 

Representative image
Representative image

Suspension of trade between and Pakistan-occupied Kashmir (PoK) for the last 16 weeks has resulted in a loss of over Rs 80 crore, an official said on Tuesday.

Trade across the Line of Control (LoC) was suspended on July 11 after heavy firing and shelling from the Pakistani side caused damage to trade facilitation centres and police barracks.

"Due to suspension of trade along the LoC, there was a loss of over Rs 80 crore during the period," custodian of trade (Poonch), Mohammad Tanveer told PTI.

trade and transport facilities are considered major confidence building exercises between and According to official figures, goods worth Rs 1,500 crore was traded since the start of the facility in 2008.

The cross-bus service via Poonch-Rawalakot road too remained suspended for the last 16 weeks.

has witnessed the worst border skirmishes between and along the this year.

According to figures, till August1, there were 285 such violations by the Army, a sharp increase, while in 2016, the number was 228 for the entire year.

Eleven people, including nine soldiers, were killed and 18 injured in ceasefire violations by the Army in July, according to the Army data.

There were as many as 83 ceasefire violations, one BAT (border action team) attack and two infiltration bids from the Pakistani side in June in whichfour people, including three jawans, were killed and 12injured.

First Published: Tue, October 24 2017. 16:36 IST