According to the media reports India and Pakistan are likely to announce confidence- building measures. It will also include the increase in the number of trading points along the LoC. This announcement is expected when the foreign ministers of both the countries meet this week in New Delhi.
The agreement on the new CBMs was finalized in a recent meeting of senior officials of India and Pakistan. The CBMs include increase in trade hours and days from two to four hours, launch of new bus service between Kargil and Skardu.
The officials said the further discussion will take place on 26th July when both country foreign officials meet in New Delhi.
Currently, cross-LoC trade is conducted along the Muzaffarabad-Uri and Poonch-Rawalakot. India has proposed three additional trading routes – Nauseri-Tithwal, Hajipur-Uri and Tattapani-Mendhar.
Traders from both sides are demanding an increase in trading.