LyrArc Article Gist
Pakistan faces soaring food prices with the severe monsoon floods damaging crops and hurting the agricultural sector. Onions are up five times in price. About 80% of the tomato crop is damaged. Imports from India could ease the situation. Under normal trade for neighboring countries India Pakistan trade would be $50 billion in 2012, according to Mr. Boskin, who helped setup the NAFTA trade agreement. Instead it was $2.7 billion in 2012 and it was about $300 million in 2020, in OEC data. Finance Minister Ismail talked about importing tomatoes and onions and other products from India during the floods with one third of Pakistan under water and half a million homeless.
Pakistan faces soaring food prices with the severe monsoon floods damaging crops and hurting the agricultural sector. Onions are up five times in price. About 80% of the tomato crop is damaged. Imports from India could ease the situation. Under normal trade for neighboring countries India Pakistan trade would be $50 billion in 2012, according to Mr. Boskin, who helped setup the NAFTA trade agreement. Instead it was $2.7 billion in 2012 and it was about $300 million in 2020, in OEC data. Finance Minister Ismail talked about importing tomatoes and onions and other products from India during the floods with one third of Pakistan under water and half a million homeless.
Read LyrArc gist ›
Original article 4 minutes, gist 1 minute
Original article 4 minutes, gist 1 minute
