Pakistan to 'gift' MFN status to India this New Year
Pakistan's Minister for Commerce Makhdoom Amin Fahim has said that Pakistan will confer India with the Most Favoured Nation (MFN) status from January 1, 2013, by abolishing negative list and assured of no delay on it.
"There would be no delay on our commitment for implementing MFN status with India from Jan 1, 2013," The News quoted Fahim, as saying.
He said that abolishing the negative list comprising 1,209 items would be done on December 31, 2012 and MFN status would be implemented from Jan 1.
On the issue of South Asian Free Trade Area (SAFTA), he said that the government would remove concerns of stakeholders. India would have to reduce sensitive list by 30 percent next year while Pakistan would move ahead in this regard in coming years, he added.