Pakistani exports of cement to India have been suspended, due to growing tension between Islamabad and Delhi over a recent terrorist attack in Pulwama, in Jammu and Kashmir, India.
India has de-listed Pakistan from the status of 'Most-Favoured Nation' and increased import duty by 200 per cent on all imports from Pakistan, including cement and reportedly suspension of trade from border for the last few days.
Meanwhile, according to a private TV channel, "around 300 trucks carrying cement, one of Pakistan’s major exports to India, on Tuesday were stuck at the Wagah border, after duties were suddenly increased by 200 per cent. Shipments of 170 containers by sea also came to a grinding halt."
The Indian market accounts for a quarter of Pakistan’s total cement exports. In the last financial year, Pakistan sold US$23m worth of cement to India.
