Economy

MFN status to India unlikely before Oct: Pakistan

PTI Islamabad | Updated on March 12, 2018 Published on January 13, 2012

Pakistan has said it was unlikely that the process of granting India Most Favoured Nation-status to boost bilateral trade would be completed before October.

The Pakistan Government is working on the process of moving from a positive list to a negative list for trade with India and the Commerce Ministry is consulting all stakeholders regarding the move, Foreign Office spokesman Mr Abdul Basit told a weekly news briefing yesterday.

“As far as MFN is concerned, you all know that a decision has been taken in principle to move from the positive to a negative list in our trade with India,” Mr Basit said in response to a question.

“The work is in progress and the Ministry of Commerce is engaged in consultations with all stakeholders. A final decision in this regard will be taken by the Cabinet and I do not see that happening before October 2012,” he said.

India and Pakistan agreed last year on a number of steps aimed at increasing bilateral trade from two billion dollars to six billion dollars in three years.

Published on January 13, 2012
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