00:00There is no specific drugs which have been banned. India has not only banned the pharma export,
00:04India has virtually stopped all trade with Pakistan. That includes the direct export from
00:09India, goods under transit, and goods which were being routed through the third country.
00:13And that's across the sector. We have given very clear message that looking into the Stardy
00:18Act of Pakistan involvement in Pailangan, we are not interested in any trade in Pakistan.
00:23Sir, this is about the import and export and everything, and third countries are also involved?
00:29Yes, absolutely. Both the import and export from the third country will not be permitted.
00:34We have seen in the past that many of the Indian products were routed through UAE and Singapore.
00:40But now since the third country trade has been banned, we will not allow any export to happen
00:44from these sources also.
00:46Sir, can you describe a little about the pharma products which have been banned,
00:50either the vaccines or what else it includes? Sir, what kind of drugs it includes?
00:53In fact, if you look into the past when Pakistan stopped trade with India, subsequently they
00:59realized they can't live without Indian pharma and they have given relaxation to the pharma.
01:04This time also they have said no export or import from India. India has also said we will not
01:09have any trade dealing with the US. And they have stopped virtually all the products. So it
01:14involved bug drugs, it involved vaccine, it involved medical and diagnostic equipment.
01:18Probably Pakistan will realize little later how much cost they have to incur. They are already
01:23short of the foreign exchange reserve. And Indian pharma has been the most competitive among
01:28all the products which we are exporting to Pakistan. If they have to get these kinds of drugs from
01:34European Union, probably the cost will vary between 400% to 1000%. It will be a huge hit on the pocket
01:41of the consumer in Pakistan. And probably Pakistan will realize it very shortly.
01:46Sir, as you have banned the day before yesterday, the notification has also circulated. There were
01:53import and export of other goods as well? Yeah. In fact, we have virtually stopped all
01:57trade. So it is not allowed in respect of pharma generally on the humanitarian grounds we allow
02:03pharma export. But look into the kind of act which has been perpetuated by Pakistan. We have
02:08virtually stopped all trade with Pakistan. And it is across products. It is across all the
02:13services and the products as well.
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