Pakistan Business Council Estimates $40 Billion Loss From India Trade Suspension
What Happened
Pak-India Business Council chairman Noor Muhammad Qasuri said on November 2, 2026, that Pakistan had suffered an estimated $40 billion in economic losses since bilateral trade was suspended in 2019. He attributed the losses to higher import and transport costs, particularly for pharmaceuticals and textiles, and urged both countries to restore commercial ties.
Key Takeaways
Qasuri estimated that importing pharmaceutical materials from India could save Pakistan $2 billion to $3 billion annually. However, the broader $40 billion loss estimate remains unverified by independent economic data.