India and Pakistan’s Kashmir fallout hits economy too

India-Pakistan relations have deteriorated following a deadly attack in Kashmir that killed 26 people. India accused Pakistan of supporting terrorism and imposed diplomatic measures. In response, Pakistan closed its airspace to Indian airlines and halted trade. The airspace closure will extend flight times by up to two hours, potentially increasing ticket prices. While direct trade between the countries is minimal, indirect trade through third countries totals around $10 billion.READ FULL