MFN status to India unlikely before Oct
Islamabad: Pakistan Friday 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 Abdul Basit told
a weekly news briefing.
"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," 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.
More from India
More from World
More from Sports
More from Entertaiment
- Admissions 2015: Know India's best ranking Universities
- Yasin Bhatkal calls wife from Hyderabad jail, talks of 'help from Damascus'
- Zee Media Exclusive interview with UPSC topper Ira Singhal's family
- UPSC announces Civil Services Examination 2014 results
- Dr Subhash Chandra Show: Is Corporate Social Responsibility nothing but a marketing gimmick?
- UPSC announces Civil Services Examination 2014 results; women bag top four positions
- Five guerrillas, one soldier killed near LoC
- 3rd Test, Day 2: Sri Lanka rattle Pakistan in decider
- Indian Mujahideen chief Yasin Bhatkal indicates Islamic State will help him get out of jail soon
- Missing UK schoolgirls seen carrying Kalashnikov rifle in ISIS's Raqqa?