Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Jammu traders suffer Rs5b loss during two months

byCT Report
14/10/2019
in Business, Latest News
Share on FacebookShare on Twitter

SRINAGAR: In occupied Kashmir, the Jammu businessmen are facing the brunt of the lockdown imposed by the Indian government on August 5 when it scrapped the special status of the territory.

The Jammu’s fruit traders are the worst hit by the current crisis in the territory. The winter capital’s otherwise busiest Narwal Fruit Mandi is currently receiving only 200 to 250 apple trucks against 500 trucks during normal times, Kashmir Media Service reported.

You might also like

Ambassador Tirmizi calls for stronger Pakistan-Russia trade & investment ties

21/10/2026

Pakistan Customs revises carbon steel seamless pipe import valuations using London Metal Exchange prices

21/10/2026

“Basically there is very little business activity in Kashmir. The entire apple produce is sold in local Mandis of Kashmir Valley, which has hit business in Jammu,” Rajesh Gupta, former president of Jammu Fruit Dealers Association, Narwal, said in a media interview.

He said that the communication clampdown had compounded the problem as they could not contact their counterparts in Kashmir Valley.

“For the last two months, we have not been able to contact our dealers and growers in Valley. Even we don’t know when trucks will reach Jammu. We fear prices of apple may drop further,” Gupta said.

Traders claim that after the abrogation of Kashmir’s special status, industrial sector of Jammu alone has suffered Rs5 billion crore loss.

Traders claim that the manufacturers of Jammu region have been unable to recover payments from their customers in Kashmir Valley. “We have no contact with the buyers in Kashmir. Payments worth crores of rupees are held up with the traders in the Valley and the complete figure is quite difficult to assess,” a trader from Jammu said.

In Kashmir, the losses, as per the estimates of Kashmir Chamber of Commerce and Industries (KCCI), have crossed over Rs 60 billion since August 5.

 

Related Stories

Ambassador Tirmizi calls for stronger Pakistan-Russia trade & investment ties

byCT Report
21/10/2026

ISLAMABAD: Pakistan and Russia should move beyond untapped trade opportunities and forge strong, result-oriented business partnerships to unlock their immense...

Pakistan Customs revises carbon steel seamless pipe import valuations using London Metal Exchange prices

byCT Report
21/10/2026

LAHORE: Pakistan Customs has revised the valuation mechanism for imported carbon steel seamless pipes, linking customs assessments to London Metal...

Punjab unveils Rs300b financing programme for businesses

byCT Report
21/10/2026

LAHORE: Punjab Minister for Industries and Commerce Chaudhry Shafay Hussain has announced a Rs300 billion programme this year, under which...

FBR revises customs values for imported coconut oil vide VR No.2116/2026

byCT Report
21/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has issued revised customs values for imported coconut oil to determine customs duties...

Next Post

Brazilian fintech Nubank has grown to 15 million users: CEO

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.