Moving forward with MFN status to India: Pak tells IMF

The PPP government had decided in March last year to switch over from positive list of about 1,900 tradable items to a negative list of about 1,206 items, thereby allowing about 5,000 items to be traded between the two countries.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » Business

Sep 08, 2013, 04.08 PM | Source: PTI

Moving forward with MFN status to India: Pak tells IMF

The PPP government had decided in March last year to switch over from positive list of about 1,900 tradable items to a negative list of about 1,206 items, thereby allowing about 5,000 items to be traded between the two countries.

Like this story, share it with millions of investors on M3

Moving forward with MFN status to India: Pak tells IMF

The PPP government had decided in March last year to switch over from positive list of about 1,900 tradable items to a negative list of about 1,206 items, thereby allowing about 5,000 items to be traded between the two countries.

Post Your Comments

Share Cancel

Pakistan has assured the International Monetary Fund that it was moving forward with eliminating the negative list on trade with New Delhi and granting the most favoured nation status to India as part of its overall trade policy, a media report said today.

"We are moving forward with eliminating the negative list on trade with India and extending India most favoured nation status, and shifting to 'sensitive list' under SAFTA (South Asia Free Trade Arrangement) regime to facilitate increased regional trade," Finance Minister Ishaq Dar said.

The Minister said this in a written assurance to the IMF during negotiations for recently approved USD 6.64 billion economic bailout package, The Dawn daily said in a report.

The PPP government had decided in March last year to switch over from positive list of about 1,900 tradable items to a negative list of about 1,206 items, thereby allowing about 5,000 items to be traded between the two countries.

The PPP government's assurance on December 31 last year that it would grant MFN status to India by doing away with the negative list has not materialised.

Earlier in an interview to state-run PTV, Dar had said that granting of MFN status to India is not on the table "for the time being".

He had, however, said Pakistan is committed to promoting relations with neighbouring countries with particular focus on economic and trade cooperation.

The bilateral trade between the nations stood at USD 2.35 billion in 2012-13, as against USD 1.93 billion in the previous fiscal.

The Memorandum of Economic and Financial Policies (MEFP), the Finance Minister submitted to the IMF on August 19, has spelt out the major contours of the trade policy with primary focus on normalisation of trade relations, the media report said.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Moving forward with MFN status to India: Pak tells IMF

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login