PM to review revoking MFN status accorded to Pakistan

0
221

 Prime Minister Narendra Modi and Pakistan PM Nawaz Sharif. Going ahead with its tough posture against Pakistan after the Uri terror attack, India will now decide whether to withdraw the “Most Favoured Nation” status accorded to Pakistan

To this end, Prime Minister Narendra Modi has convened a meeting with top officials on September 29 in which the MFN status will be reviewed.

Representatives of the Ministry of External Affairs and the Commerce Ministry will attend the meet.

Such a move by India means the impact will be only symbolic because bilateral trade between the neighbours represents a fraction of India’s overall goods trade.

It may be recalled India had granted the “Most Favoured Nation” status to Pakistan unilaterally in 1996, but Islamabad is yet to reciprocate. The term means that the country granted the status receives equal trade advantages.

Several measures are being discussed to pressurise Pakistan after the recent Uri terror attack in which 18 army jawans were martyred.