LoC trade goes all time high
Srinagar, Nov 13: In what points to its picking the pace, the goods traded across the LoC during two days this week crossed Rs 6 crore mark.
Officials at Trade Facilitation Centre Salamabad, Uri, confirmed that the trade between two parts of Kashmir has jumped to all time high this week recording a whopping Rs 6 crore transactions.
“It’s a record trade this week. This has happened for the first time that goods worth over Rs 6 crore were traded across the LoC in a weekly trade. So far only up to Rs 4 or 5 crore would be traded between two sides,” exclaimed Muhammad Ashraf Wani, custodian officer for cross-LoC trade at TFC Salamabad and general manager DIC Varmul.
Besides, he said, over 100 trucks were received from AJK this week, “which is also a record since inception of LoC trade.”
On first day of weekly trade, 30 trucks containing 2454.84 quintals were dispatched across the LoC. The consignments valuing Rs 14329720 comprised of 1408 pieces of embroidered shawls, 2711 pieces of paper machie products, six kangris and some other products.
Goods worth Rs 16802398 were imported in 52 trucks from AJK on the same day. The goods weighing 4143.36 quintals included Pakistani moong (green gram), medicinal herbs and raisins.
On second day of trade, Valley traders exported consignments weighing 1381.02 quintals in 16 trucks to AJK.
The goods worth Rs 10904757 comprised of 32 pieces of embroidered shawls, apples, garlic, dry coconut, fresh vegetables and other items.
Meanwhile, consignments weighing 3999.50 quintals were imported in 50 truckloads from AJK. The goods worth Rs 16166000 comprised of 360 pieces of prayer mats and other products.
“This trade is likely to increase further with the passage of time, for it is running quite smoothly,” said Wani.
He, however, said that even as trade was increasing day by day, “the much needed facilities at TFC Salamabad are still lacking.”
Lastupdate on : Fri, 13 Nov 2009 21:30:00 Makkah time
Lastupdate on : Fri, 13 Nov 2009 18:30:00 GMT
Lastupdate on : Sat, 14 Nov 2009 00:00:00 IST
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