Image Source: TRIBUNE

Pakistan’s central bank has said that trade between Islamabad and New Delhi plummeted significantly this fiscal, apparently due to the ongoing tensions with India over the Kashmir issue.

The State Bank of Pakistan data in the first half of 2019-20 fiscal starting from July 1 showed that Pakistan’s exports to India during the period came in at an insignificant USD 16.8 million as compared to USD 213 million in the first half of 2018-19, Dawn news reported.

But the declining trade across the border had not affected the balance of trade which was still heavily skewed in favor of India, it said.

Meanwhile, imports from India also fell to USD 286.6 million as against USD 865 million in the same period. As a result, Pakistan’s trade deficit with the eastern neighbor amounted to USD 269.8 million.