It estimated economic losses ran into least 100 billion rupees ($1.40 billion) by September, but now exceeded that, said Nasir Khan, its senior vice president. India and Pakistan have tussled over Kashmir since independence from Britain in 1947, with each claiming the region in full but ruling it only in part. It blames Pakistan for fuelling the strife, but Pakistan denies this, saying it gives only moral support to non-violent separatists. "I don't see any stability for many months here," said Vivek Wazir, who runs a hotel in Kashmir's main city of Srinagar. "I'd be surprised if any genuine investors came," said Khan, adding that KCCI had received no inquiries from potential investors since August.

Source: bd News24 November 19, 2019 08:26 UTC