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| MFN status to India unlikely before Oct | | | Agencies
Islamabad, Jan 13: 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. |
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