September 7, 2013
ISLAMABAD: Pakistan has assured the International Monetary Fund (IMF) of granting the most-favored nation (MFN) status to India.
Pakistan will grant most-favored nation status to India.
September 7, 2013
ISLAMABAD: Pakistan has assured the International Monetary Fund (IMF) of granting the most-favored nation (MFN) status to India.
Pakistan will grant most-favored nation status to India.
In a written assurance to the IMF, Pakistan said it was moving forward with eliminating the negative list on trade with India as part of its overall trade policy.
"We are moving forward with eliminating the negative list on trade with India and extending India most-favored nation status, and shifting to 'sensitive list' under Safta (South Asia Free Trade Arrangement) regime to facilitate increased regional trade," Dawn newspaper on Saturday quoted finance minister Ishaq Dar as saying.
The Pakistan Peoples Party government announced on December 31, 2012, that it would grant MFN status to India but the commitment didn't materialize.
On August 12 this year, Dar had said that there was no immediate recommendation being considered to grant India the MFN status.
He said there was a need to normalize relations with India on a number of issues.
"There is no immediate consideration to grant India MFN status," he had told Geo TV.
Courtesy: PTI
