Loss pegged at over Rs 81 cr as cross-LoC trade remains suspended

October 31, 2017 12:45

Suspension of cross-LoC trade between Jammu and Kashmir and Pakistan-occupied Kashmir for the last 17 weeks has resulted in a loss of over Rs 81 crore, an official said today.

Authorities in Jammu and Kashmir have sought a meeting with officials of Pakistan-occupied Kashmir on Thursday to discuss resumption of cross-LoC travel and trade via the Poonch-Rawalkote road.

Trade across the Line of Control was suspended on July 11 after heavy firing and shelling from the Pakistani side caused damage to trade facilitation centres and police barracks.

"Due to suspension of trade along the LoC, there was a loss of over Rs 81 crore during the period," custodian of LoC trade (Poonch), Mohammad Tanveer said.

-- PTI

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