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Sri Lanka Equity Forum » Stock Market Talk » Pakistan’s trade with Sri Lanka comes to a halt

Pakistan’s trade with Sri Lanka comes to a halt

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God Father


Manager - Equity Analytics
Manager - Equity Analytics
Trade between Pakistan and Sri Lanka has come to a screeching halt.

The reason behind the stoppage is said to be the rising violence against the Muslim community in Sri Lanka in the wake of recent terrorism and suicide attacks over there, which resulted in heavy casualties.

“Rice and textile exports to Sri Lanka from Pakistan have stopped. Potato export has also reduced drastically,” said Pakistan-Sri Lanka Business Forum Chairman Aslam Pakhali.

“It is the Muslim community in Sri Lanka that imports Pakistani products and sells them there. They are partners of Pakistani exporters,” said Pakhali, adding that the properties of Muslims were damaged during the recent wave of violence over there.

“Their shops, super stores and godowns are being targeted. The goods exported from Pakistan have been unloaded at the Sri Lankan port, but the importers are not getting them cleared because of the deteriorating law and order situation there,” he added.

“The goods, especially fruits and vegetables, in godowns are perishing.

Sri Lanka is a major importer of Pakistani rice and textile products, but the exports have come to a halt,” he added.

Pakhali said a delegation of the forum held a meeting with the Sri Lankan ambassador in Pakistan and emphasised that the Muslim community over there be protected.

The delegation condemned the terrorist activities in Sri Lanka and condoled the loss of precious lives over there.

They demanded of the Sri Lankan government to compensate for the losses inflicted upon the Muslim community and provide them with protection.

Pakhali said, “The loss to the Muslim community by now is estimated at $500 million and payments to the Pakistani exporters amounting of $30 million have been withheld.”

He said the exports would not resume till the law and order situation in Sri Lanka improved. “Pakistan will face difficulties in achieving the export target in the final months of this fiscal year,” he added.

A Sri Lankan businessman Zainul Abideen told The Express through WhatsApp that the Muslim community in Sri Lanka was facing a ton of problems and was under siege.

“The law enforcement agencies are searching properties of Muslims. They are being attacked by mobs,” said Abideen. “Most of the losses to Muslims occurred in Negombo, Kurunegala and Puttalam districts. Violent mobs are attacking Muslims in the presence of security personnel.”

He said mobs were attacking Muslim neighbourhoods while the authorities were silent. “The national media of Sri Lanka is keeping its citizens in the dark about such injustice,” he added.

Source: The Express Tribune

Teller

Teller
Moderator
Moderator
Pakistan kiyanne maha loku ratak nemei. India has given enough pressure to them . Export frompakistan to india will hit 200%  taxes. So pakistan economy is in risk and their foreign reserves has been reduced 40 billion to 8  billion approx.  So this decision is so bad to pakistan and good to sri lanka even we export lot to them. We have all natural resources to cultivate enough stuffs around the country


_________________




Teller said is said..

3Pakistan’s trade with Sri Lanka comes to a halt Empty Spot the fake news on Thu May 23, 2019 11:12 pm

hammurabi

hammurabi
Manager - Equity Analytics
Manager - Equity Analytics
May 23, 2019 (LBO) – Sri Lanka’s High Commission in Islamabad, Pakistan said the news item titled “Pakistan’s trade with Sri Lanka Comes to a halt” which appeared in The Express Tribune of Pakistan on 20 May 2019 is fake news.

Releasing a statement, the High Commission said this fake news item has been published without proper verification of the facts contained therein.

The High Commission emphatically states that no person by the name of Aslam Pakhali referred to in the said news item, met the High Commissioner or the Consulate General as reported.

Full Statement:

Fake News Item Published in “The Express Tribune” of Pakistan

The news item titled “Pakistan’s trade with Sri Lanka Comes to a halt” which appeared in The Express Tribune of Pakistan on 20 May 2019 is fake news.

Having seen the said disturbing News Item, which is absolutely untrue and incorrect, the High Commission made an attempt to ascertain it’s veracity from the newspaper concerned and the Office of the Consul General of Sri Lanka in Karachi, which mainly deals with corporate and commercial matters. The Consulate, thereupon made inquiries swiftly and informed the High commission that it contacted the person who was purported to have given a statement to the said newspaper. Mr. Aslam Pakhali, to whom the statement in the said news item was attributed had been contacted by the Consulate and it transpired that Mr. Pakhali had not made such statement or provided any such information to the newspaper as reported. Further, he confirmed that he had neither met the High Commissioner of Sri Lanka nor did he lead a delegation as was reported.

The High Commissioner thereupon wrote to the editor of The Express Tribune and expressed his dismay and dissatisfaction over the fake news and demanded a correction thereof.

The High Commission emphatically states that no person by the name of Aslam Pakhali referred to in the said news item, met the High Commissioner or the Consulate General as reported. The said fake news item has been published without proper verification of the facts contained therein.

High Commission of Sri Lanka

Islamabad
https://www.lankabusinessonline.com/news-item-titled-pakistans-trade-with-sri-lanka-comes-to-a-halt-is-fake-sl-high-commission/

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
When it comes to grassroot level everyone knows that people are refraining from transactions with Muslim community.accordingly items imported from Pakistan has a serious negative impact.

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@soileconomy wrote:When it comes to grassroot level everyone knows that people are refraining from transactions with Muslim community.accordingly items imported from Pakistan has a serious negative impact.
When every srilankan(sinhalese,tamil,muslim,burger,malay) loved party UNP form strong new government, this problem would be solved. Very Happy Very Happy Very Happy

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
What ever the party we vote we should look at its policies.

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