Pak delays MFN-status to India
REZAUL HASAN LASKAR
Islamabad, Dec 31: Pakistan has delayed the grant of Most Favoured Nation-status to India along with abolition of a negative trade list regime "for a short time" because of reservations expressed by several industries, Commerce Minister Makhdoom Amin Fahim has said.
"The process of (phasing out) the negative list and granting MFN-status has been delayed for a short time. The reason for the delay was reservations of various industries about protecting the interest of local manufacturers," Fahim said.
Fahim said the decision to delay the phasing out of the negative list and the grant of MFN-status was made after he had discussed the issue with his Indian counterpart.
"I talked to Indian Commerce Minister Anand Sharma on the issue and he understands the issue and agreed to the delay for a short time," he said.
The Pakistan government is taking steps to address the reservations expressed by some domestic industries over the grant of MFN-status to India, Fahim told reporters on the sidelines of a meeting at the Karachi Chamber of Commerce and Industry over the weekend.
Fahim said he could not give a fresh date for granting MFN-status to India.
A final decision would be made by the cabinet, he said.
Lastupdate on : Mon, 31 Dec 2012 21:30:00 Makkah time
Lastupdate on : Mon, 31 Dec 2012 18:30:00 GMT
Lastupdate on : Tue, 1 Jan 2013 00:00:00 IST
- MORE FROM BUSINESS
Court Closes Jaleel Andrabi Case
D A RASHID
Srinagar, Dec 31: A court here on Monday closed the case against Major Avtar Singh, accused of killing noted lawyer and human rights activist Jaleel Andrabi, after the Crime Branch submitted death More
- Srinagar City
‘WILL MAKE CITY GREEN, CLEAN’ Commissioner Srinagar Municipal Corporation (SMC) Dr GN Qasba has made a New Year resolution to make Srinagar City green and clean. Enumerating his New Year resolution More
CM, Governor, DGP, Others Greet People On New Year
GK NEWS NETWORK
Jammu, Dec 31: A host of politicians, bureaucrats and police officers Monday greeted people of Jammu and Kashmir on New Year, hoping that it would ‘bring about peace and prosperity to the State.’  More
Focus on the quality of education at the primary level to achieve better results
It is result time, pick up a morning newspaper and you will come across numerous ads carrying photographs of students who have passed their 10th class annual exam with good marks. The scores and names More