Islamabad: The Pakistan government is likely to give India the status of most favoured nation (MFN) within a few days, media reported.
“India has given clear indication to accept Pakistan’s two main demands of accommodating exportable items and removing additional duties within six months, which has paved the way for Islamabad to grant non-discriminatory market access (NDMA) status to New Delhi,” a senior commerce ministry official said. “The current deal between the two countries on MFN is totally in Pakistan’s favour,” he said explaining that Pakistan would have to wait till 2016 if the Indian government did not sign the deal.
He admitted that bilateral trade was currently favouring India as Pakistan’s exports were only $350 million against imports of $1.8 billion.
The decision to grant the MFN/NDMA status to India will benefit the economy by up to Pakistani Rs.600 billion ($6.1 billion). IANS