India has reportedly agreed to Pakistan's demand of excluding 160 items, essentially textile products, from its Pakistan-specific Sensitive List.
The move is said to be a step toward complete trade normalization between the two neighboring nations.
Miftah Ismail, special assistant to the Pakistan prime minister and chairman of the Board of Investment, said that both sides have reached a broader understanding on how to move forward on the issue of liberalizing bilateral trade and overcome associated obstacles, the Express Tribune reported.
The Chairman revealed that both India and Pakistan will simultaneously announce Non-Discriminatory Market Access on Reciprocal Basis (NDMARB) status for each other.
Ismail said that Pakistan will abolish the Negative List restricting the importation of 1,209 items from India under the NDMARB agreement.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app