InvestorQ : Will the pulwama attack affect any stock or commodity??
Shiwani Chaurasia made post

Will the pulwama attack affect any stock or commodity??

Answer
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Roshni Hegde answered.
1 year ago


4th February 2019, India was in grief. India announced an immediate hike in custom duty on all goods imported from Pakistan to 200 %, in the aftermath of the Pulwama terrorist attack that claimed the lives of 40 Central Reserve Police Force personnel. Moreover, the hike of straight 200 % looks like a ban on imports from Pakistan.

The products which are mostly affected by the amendment are fresh fruits,
Cement, petroleum products, minerals, and leather, according to agency reports. Further, processed minerals, inorganic chemicals, raw cotton, cotton fabrics, and glass and glassware are also among items that account for 95 % of the total shipments from Pakistan to India.