India, Pak discuss trade across LoC

NEW DELHI, Mar 5 (PTI): India and Pakistan yesterday held a meeting on cross-Line of Control trade and travel during which ways and mechanisms for increasing people-to-people contact, increasing the trade volume and improving infrastructure at trading points were discussed.
The meeting took place against the backdrop of tension along the LoC after a driver from Pakistan-occupied-Kashmir (PoK) was arrested for allegedly smuggling brown sugar worth Rs 100 crore on January 17 at Salamabad in Uri in North Kashmir. The Indian delegation was led by Joint Secretary in External Affairs Ministry R Tandon while the Pakistani side was represented by Director General (South Asia) Riffat Masood.
There was a biref discussion on the arrest of the PoK driver during which the Indian side gave a status of the case and the Pakistani side finished the matter by expressing the hope that the probe would be completed soon, official sources said.
The two sides discussed Standard operating Procedures (SoP) at trading points-Uri-Muzfarrabad in Kashmir and Poonch-Rawalakote in Jammu-and it was favoured that all stakeholders should be present at the time of loading and unloading of trucks, the sources said. During the meeting, India again raised the issue of banking facility at these trading points, to which the Pakistani side said it was still examining the proposal, they said.
Under the present agreement, two sides trade only by exchange of goods with no money changing hands.
India has been demanding routing the cross-LoC trade through banking channels rather than using the barter system as is the case at present because it is reasoned that this would give a fillip to the trade between the two parts of Kashmir.