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Monday, September 22, 2008

Indo-Pak Agree on LoC Trade

India and Pakistan agree on the modalities of cross-LoC trade. The declaration has not been made by the political leaders of the duo nations till the report is filed. It is expected that trade would be started after the Eid. The list of items for cross LoC trade was exchanged during a meeting in Islamabad on July 18 this year. India has been keen on launching the cross-LoC trade since the proposal was first mooted in 2005 but the two countries have failed to reach a consensus on issues like items to be traded. In fact, India had invited business delegation from Muzaffarabad to visit Srinagar and Jammu from Monday but without any response from the other side, according to media reports.

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