New Delhi, Sept. 4 -- Highlighting the devastating impact of the Pahalgam terror attack on the economy of Jammu and Kashmir, chief minister Omar Abdullah on Wednesday sought the Centre's support to deal with the situation. The Union territory was facing a severe fiscal crisis as its public revenues had "collapsed" in the aftermath of the April 22 terror attack in which 26 people were killed, he said. Omar, who also holds the finance portfolio, told the 56th GST Council meeting here, that major economic sectors including tourism, handicrafts, agriculture and horticulture had come to a standstill after the attack. Proposed GST reforms could further reduce the UT's revenue by 10 to 12 per cent, the chief minister said. He was of the view that the GST Council could go ahead with rate rationalisation proposals, but suitable mechanisms should be devised to compensate states as well as UTs. The Centre's support to Jammu and Kashmir to deal with the fiscal crisis was critical, Omar emphasised. "The major sectors of the economy, like tourism, transport, construction, and automobiles, have come to a standstill post April 2025. The proposed reform can further reduceour GST revenues by 10-12 per cent. "Hence as the Finance Minister of Jammu and Kashmir, I am of the opinion that establishing suitable mechanisms and safeguards for the fiscal stability of States and UTs is critical," he said....