Grant of MFN status to India shelved

MFN status to IndiaPakistan’s top diplomatic authorities have decided to temporarily shelve the proposal to grant India the most favoured nation (MFN) trade status, reported a local newspaper.

The decision came after a hostile reaction from political parties to the proposal.“We should not expect an immediate announcement…the final decision might get delayed,” a foreign ministry was quoted saying. “But the proposal is very much there…it is under the international trade agreement and there is no way we can shy away from it.”Earlier this month, Foreign Minister Hina Rabbani Khan informed the National Assembly that the government had in principle decided to give India the MFN status and a formal announcement was likely soon. – PT