Cross-LoC trade picks momentum

RABIA NOOR

Srinagar, Apr 2: Picking up momentum the cross-LoC trade today witnessed a huge trade with 200 truckloads of merchandise exchanging sides on Uri-Muzaffarabad route this week.
 Official sources at Trade Facilitation Centre Salamabad, Uri, told Greater Kashmir that merchandise laden in 219 trucks was exchanged between two parts of Kashmir this week.
 “It is for the first time that goods weighing 16316 quintals and valuing Rs 10.5 crore were traded between two sides in a week. This is a record trade by every means,” said Muhammad Ashraf Wani, custodian officer for the cross-LoC trade at TFC Salamabad and general manager DIC Varmul.
 Giving details, he said 117 trucks carrying 8181 quintals of consignments were dispatched from the TFC Salamabad to AJK, with cardamom (big) and Kashmiri handicrafts items dominating the supply. The goods were valuing Rs 5.5 crore, he said.
 Meanwhile, he said, 102 trucks were received from the Chakoti Trade Centre, AJK. The consignments worth Rs 5 crore and weighing 8135 quintals comprised of Pakistanimoong dal (green gram) alone.
 “Since previous week no trade was conducted across the LoC on account of Pakistan National Day, this week saw jump in the trade,” he said.
 The custodian officer further said that now more and more traders were seeking registration for the trans-LoC trade. “This is because they have learnt that now more facilities would be provided for the trade including telecommunication link and that the trade is likely to be conducted on four days instead of two in a week, though we have not received formal orders from the higher authorities as yet,” Wani said.
 “In fact, now many female traders are also coming forward,” he added.
 To mention, the minister of industries and commerce, Surjeet Singh Salathia recently informed the state Legislative Council that the state government has recommended to the centre to increase the number of cross-LoC trading days from two to four a week, besides procurement and installation of whole body truck scanners at two trade points for checking the goods coming into the state from AJK.

Lastupdate on : Fri, 2 Apr 2010 21:30:00 Makkah time
Lastupdate on : Fri, 2 Apr 2010 18:30:00 GMT
Lastupdate on : Sat, 3 Apr 2010 00:00:00 IST




  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News
  • YahooMyWeb

Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM GK BUSINESS

  • Kashmir

BJP, RSS creating hurdles in K-resolution: Malik

ZULFIKAR MAJID

Yaripora (Kulgma), Apr 2: The Jammu and Kashmir Liberation Front chairman, Muhammad Yasin Malik, Friday lashed out at Bharatiya Janata Party for “creating hurdles in the settlement of Kashmir dispute.”& More



  • Srinagar City

LAL CHOWK NARROWING TOURISM DEPARTMENT’S BABY, MOCKERY!

PART II

M HYDERI

Srinagar, Apr 2: The narrowing of the historic Lal Chowk, which has drawn flak from various quarters, particularly the tourism players, is being executed by the Tourism department itself.  Greater More




  • Jammu

BAJ for Jammu bandh on April 6

PRC BILL ROW

Jammu, Apr 2: The Bar Association of Jammu today called for Jammu bandh on April 6 if the government did not withdraw Permanent Resident (Disqualification) Certificate bill introduced in the legislative More



  • South Asia

Proof not required for registering FIR in bigamy cases: SC

PRESS TRUST OF INDIA

New Delhi, Apr 2: In bigamy cases while lodging a criminal complaint it is not necessary for the aggrieved party to prove that marriage ceremonies were performed as it is for the trial court to decide More



  • GK Business

Mutton sells at Rs 220/kg

CONSUMERS ACCUSE CAPD OF INACTION

WE SEND SQUADS ON RECEIVING COMPLAINTS: DIR CAPD

RABIA NOORSrinagar, Apr 2: In flagrant violation to the rules, the retail mutton dealers in the Valley have hiked the meat rate to Rs 220/kg against the government approved Rs 180.Many consumers told Greater More



  • World

US warns India, Pak against transactions with Iran

PRESS TRUST OF INDIA

Washington/New York, Apr 2: With India still keen to join an ambitious gas pipeline project involving Iran and Pakistan, the US has warned all countries against engaging in transactions with Tehran at More



ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions