The suspension of Cross-LoC Trade in Jammu and Kashmir's Poonch district has entered its eighth consecutive week today with바카라 웹사이트 businessmen suffering a loss of around Rs 50 crore.
The cross-LoC bus service, billed as the biggest confidence building measure between the two countries, is also suspended along the Poonch-Rawalakot route through Chakan-da- Bagh crossing point since July 10.
"The cross-LoC Trade was scheduled to take place today but바카라 웹사이트it could not happen. Therefore, it remains suspended for the eighth바카라 웹사이트consecutive week," custodian of LoC Trade (Poonch), Mohammad Tanveer, told PTI.
He said goods worth Rs 6 to 7 crore used to be traded바카라 웹사이트 from this side every week. "The traders suffered a loss of Rs 48 to Rs 56 crore due to바카라 웹사이트the suspension of the Cross-LoC Trade," Tanveer said.
He said goods worth Rs 1,500 crore were traded by businessmen of the divided parts of Kashmir since the start of바카라 웹사이트the facility in 2008.
"The figure covers both import and exported goods that have been traded through바카라 웹사이트Chakan-da-Bagh trade facilitation centre," he said.
The바카라 웹사이트trade, which usually takes place for three days from Tuesday, was바카라 웹사이트suspended on July 11 after heavy firing and shelling from the바카라 웹사이트Pakistani side that damaged trade facilitation centres and police barracks.
Besides Poonch, the Cross-LoC Trade also takes place through바카라 웹사이트the Srinagar-Muzaffarabad road in Uri sector of the Kashmir valley.
The Cross-LoC Trade takes place on barter system and has survived opposition from바카라 웹사이트various quarters, including separatists and militants, in the Valley바카라 웹사이트and right-wing political parties in Jammu.
The trade has also been in focus amid reports that the바카라 웹사이트 National Investigation Agency (NIA), which is probing terror funding바카라 웹사이트in Kashmir, may recommend its closure.
However, Jammu and Kashmir Chief Minister Mehbooba Mufti last month strongly바카라 웹사이트rooted for cross-LoC trade, stating that her party, the PDP, will not바카라 웹사이트allow its closure and continue to work towards opening more routes바카라 웹사이트across the LoC with Pakistan-occupied-Kashmir. 바카라 웹사이트
(PTI)
