40 Companies Barred from Doing Cross LoC Trade

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Jammu – Jammu and Kashmir government has suspended 40 business firms from conducting cross-LoC trade after they failed to do any business for more than past six months via Poonch in the Jammu region.

“40 firms were suspended from trade via Chakkan-Da-Bagh (Poonch) as they did not conduct any trade for more than six months period,” said Hamid Sheikh, custodian of Trade Facilitation Centre (TFC), Chakkan-Da-Bagh, Poonch.

“Show cause notices were sent to them individually under registered covers and they did not respond,” the TFC officer said.

Their reply was sought again before September 25, as to why the names of their firms should not be struck off from the “List of registered traders of Cross-LoC-trade” from Chakan Da bagh, Poonch, he added.

Trans-LoC trade between Indian and Pakistani parts of Kashmir started on October 21, 2008 via Salamabad-Chakoti route in the Valley and via Chakan-Da-Bagh Poonch-Rawalakote from Jammu province.

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