Pak not considering India for 'Most Favoured Nation' status

Asks India to reduce tax rate on Pakistani textile products as agreed to gain the MFN tag

Pakistan is no longer considering India for most-favoured nation status.

 

Federal Minister for Commerce Khurram Dastagir Khan said India should first reduce tax rate on Pakistani textile products as agreed to gain the MFN status.

 

Speaking to journalists, Khan said Pakistan was presently considering to grant the Non-Discriminatory Market Access (NDMA) status to India.

 

He further added that it would only be granted if India made prominent reduction in duties imposed on imports of Pakistani products especially the textile products.

 

According to the Nation, Khan said all preparations were finalized on Federal level to grant India with the new status; however, the matter is to be presented before federal cabinet for formal approval.

 

He said the federal cabinet will approve the status as soon as a positive response on Pakistani reservations is received from India.

 

He also said that Nawaz Sharif's government wanted to build relations with India on priority basis and that the government won't let any issue come in the way, the report added.