The Kashmir Trade Alliance (KTA) has raised serious concerns over the ongoing economic downturn in Indian illegally occupied Jammu and Kashmir (IIOJK), warning of a worsening crisis for local businesses.  According to Kashmir Media Service, KTA President Aijaz Shahdhar, in a statement issued to the press, painted a grim picture of the current business environment in the territory.

“Shops may be open, but business is virtually at a standstill,” Shahdhar said. “There is a visible absence of consumer spending, and overall economic activity has nearly ground to a halt.”  The KTA urged the IIOJK administration to announce a comprehensive stimulus package to support struggling businesses. “Without such financial relief, many establishments may be forced to shut down permanently,” he warned. 

Credit: Independent News Pakistan (INP)