Pakistan has assured the International Monetary Fund (IMF) of granting the most favoured nation (MFN) status to India.
Pakistan has assured the International Monetary Fund (IMF) of granting the most favoured nation (MFN) 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 favoured 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 Dec 31 2012, that it would grant MFN status to India but the commitment didn’t materialise.
On Aug 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 normalise relations with India on a number of issues.
“There is no immediate consideration to grant India MFN status,” he had told Geo TV.
-IANS
