
Pakistan’s Self-Imposed Trade Freeze with India Backfires
The current decision of Pakistan is a classic case of the Paradox of Punishment, where the punisher is inadvertently affected by negative consequences, writes Dr SaKariya Kareem The recent flare-up in India-Pakistan hostilities—thankfully short of full-scale war—originating from a Pakistan-backed terror attack in India’s Pahalgam, also carries critical economic implications that could severely impact Islamabad in the long run. Three days after the Pahalgam attack, Pakistan, in a move that, in retrospect, is like shooting itself in the foot, suspended all trade with India, including through third countries. The move was, at best, inconsequential and juvenile, as India is not