ISLAMABAD: Pakistan has finally agreed to grant the Most Favoured Nation (MFN) status to India, something which it had been demanding for many years.
A senior official of the Ministry of Trade disclosed on the condition of anonymity that the status of MFN would be granted during the current year. It was learnt that Pakistan has in return asked for immediate lifting of non-tariff restrictions on commodities coming from Pakistan.
Sources said that Trade and Commerce Minister Makhdoom Amin Fahim would announce basic changes in Pakistan’s trade policy. One of the amendments will be a draft to review the list of trade items between the two countries. According to the source, Pakistan has agreed to grant Most Favoured Nation (MFN) status to India this very year in return for lifting the non-tariff restrictions on imports from Pakistan. This will fulfil the long-standing Indian demand in return for lifting of non-tariff restrictions alone.
Zardari khabis will ruin this country. We already have a huge trade deficit with India, power shortage is shutting down our industry, we need to renegotiate the trade agreement with China who is also exploiting our market and he brings in India too. Khabees
