UTV suspends commercial deals with Pakistan

UTV Software Communications today announced that it has temporarily withdrawn all its plans for dealings with the Pakistan market in an endeavor to support the Indian Government in demanding stricter action against terrorism emanating from Pakistan.

The company has decided not to release any of its forthcoming films in the Pakistan market until this issue is satisfactorily resolved.

UTV is also withdrawing plans of launching 'Bindass' and 'Bindass Movies', two channels from its stable, in this market, a company release said here today.

"Pakistan is an important market and we have the highest regard for its people but in the present situation it is important for all companies to support our government in its demand for strong action by the government of Pakistan against terrorism, CEO of UTV Motion Pictures Siddharth Roy Kapur said.

"We would be happy to resume business in Pakistan once we all see affirmative action. We have so far had a wonderful relationship with our distributors there and it is unfortunate that these events have come to pass and we hope that this matter is resolved between the two governments at the earliest," he added.