SRINAGAR: Cross LoC trade is expected to resume along the Poonch-Rawalakote route next week after the authorities on both sides Friday agreed to resume both passenger bus service, as well as trade.
Vice-president Poonch-Rawalkote LoC Traders Association Sardar Kishen Singh told Kashmir Reader that said that they expect the trade to resume next week.
He said, “The meeting was fruitful and we are now hopeful that we will resume trade from next week.”
He said that authorities from both sides have met, that included the association president Afzal Razak Khaki who too participated in the meeting, that has succeeded in resuming the trade activity. He said that it is great news that trade was going to resume as usual, as its suspension for more than four months caused immense loss to parties on both sides in this barter trade.
Reports last week had said that the trade suspension since July 11 had resulted in losses over Rs 81 crore.
The trade had been suspended after ceasefire violations along Line of Control (LoC) and working boundary in Poonch and Jammu sectors.
Singh said that the traders were hopeful that the trade did not become causality in future.
Apart from Poonch-Rwalakote route in Jammu, the cross LoC trade also takes place through the Srinagar-Muzaffarabad road in Uri sector of the Kashmir valley.