No change in trade policy with India: Pak amid buzz over trade minister

Pakistan's Ministry of Commerce issued a statement, saying Ministry of Commerce manages 57 Trade Missions in 46 countries which includes the post of Minister (Trade and Investment) in New Delhi, India

India, Pakistan, trade
Press Trust of India Islamabad
2 min read Last Updated : May 12 2022 | 7:09 AM IST

Pakistan on Wednesday said the appointment of a "trade minister" in New Delhi was a routine process and there was "no change" in its trade policy with India.

On Tuesday, media reports said Qamar Zaman had been made Pakistan's "trade minister in New Delhi", giving rise to speculation of a thaw in the present frigid bilateral trade relations between the two neighbours.

Pakistan's Ministry of Commerce issued a statement on Wednesday, saying Ministry of Commerce manages 57 Trade Missions in 46 countries which includes the post of Minister (Trade and Investment) in New Delhi, India."

There is no change in Pakistan's policy on trade with India, the ministry clarified. It further said that the Post of Minister (Trade and Investment) in New Delhi exists for more than two decades and has no connection with the operationalisation of trade with India or otherwise in the current context.

The current cycle for selection of Trade and Investment Officers (TIOs), including New Delhi, was initiated in December 2021 and the final recommendations of the Interview Board were sent to the Prime Minister's Office on January 4, 2022 which was during the previous government's term led by Imran Khan.

The present government has given the final approval on the recommendations of the previous government for selection of 15 TIOs, the ministry said.

The appointment of Minister (Trade and Investment) New Delhi, therefore, may not be seen in the context of any relaxation of trade restrictions with India, it said.

Tensions between India and Pakistan have spiked since New Delhi abrogated the Article 370 of the Constitution to revoke the special status of Jammu and Kashmir on August 5, 2019.

India's decision evoked strong reactions from Pakistan, which downgraded diplomatic ties and expelled the Indian envoy. Pakistan also halted bilateral trade with India.

India has categorically told the international community that the scrapping of the Article 370 was its internal matter. It also advised Pakistan to accept the reality and stop all anti-India propaganda.

India has told Pakistan that it desires normal neighbourly relations with Islamabad in an environment free of terror, hostility and violence.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :India Pakistan relationsIndia trade policyShahbaz SharifNew DelhiPakistan

First Published: May 12 2022 | 7:09 AM IST

Next Story