Only a day after Pakistan gave the nod to importing cotton and sugar from India, Prime Minister Imran Khan has taken a U-turn. Based on Pakistani media, the federal cupboard has rejected the Financial Coordination Committee (ECC) proposal to import cotton and sugar from New Delhi.
Earlier on Wednesday, Pakistan mentioned it was lifting the ban on their import from India imposed within the wake of heightened stress over Kashmir in 2019. The choice was taken at a gathering of the ECC, chaired by Finance Minister Hammad Azhar, who was appointed as finance minister by Imran Khan on Monday. Azhar mentioned that the assembly mentioned 21 gadgets on the agenda, together with the import of cotton and sugar from India, which it allowed after detailed discussions.
It was anticipated that the resumption of import of those items will result in a partial revival of bilateral commerce relations, which have been suspended after the August 5, 2019 resolution of India to revoke the particular standing of Jammu and Kashmir.