J&K's Article 370 scrapped: Pakistan's market crashes to record low days after it cut trade ties with India

Even as Imran Khan and his government is taking numerous actions against India after scrapping of Article 370, claiming that it is illegal to decide on a conflicted area, ecomy in Pakistan continues to deteriorate. On Thursday, stock market in Pakistan was a record low - as it went down by 800 points. Incidentally, Pakistan cut off tre ties following J&K integration. It is being said that ever since India integrated with J&K by revoking Article 370, its market has gone down. 

India scrapped Article 370:

Narendra Modi government on August 5 revoked Article 370 which gave special status to Jammu and Kashmir. Both upper house and lower house of Parliament approved resolution abrogating Article 370 for J&K and a bill to bifurcate state into two union territories, Jammu and Kashmir and Lakh, with Home Minister Amit Shah saying controversial provisions were responsible for poverty and lack of development in state. Ministry of External Affairs also briefed envoys of P5 nations -- US, UK, China, France and Russia -- about Indian government's decision to scrap Article 370 and bifurcate state into two union territories.

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Pakistan's reaction after Article 370's abrogation:

After rmalcy has been restored in Kashmir, a panicky and isolated Pakistan has expelled Indian envoy Ajay Bisaria from country. As per sources, Pakistan has also decided to t send its High Commissioner-designate who was supposed to take charge in August. In a series of or moves by neighbouring country, it has decided to downgre ties with India. It has also decided to suspend bilateral tre with India and review all bilateral arrangements with India. Pakistan has also said that it will take India's internal matter of Kashmir to United Nations, including Security Council. It has also decided to observe 14 August, its Independence Day in solidarity with 'Kashmiris'. and declared August 15, India's Independence as 'Black Day'. It has on Thursday decided to stop Samjhauta Express - a train service between India's Attari and Pakistan's Lahore.

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