ISLAMABAD: Federal Commerce Minister Engineer Khurram Dastagir Khan had given the assurance of declaring India as most-favoured nation(MFN) in 45 days to his Indian Counterpart Anand Sharma during his recent Indian visit.
“Yes, we have agreed to give non-discriminatory market access (NDMA) to India next month,” Federal Commerce Minister Khurram Dastagir Khan told a private TV channel.
The PML-N government sprung a surprise at the recent trade talks with India by offering New Delhi the most-favoured nation (MFN) status from next month-with a condition. Pakistan sought access for 250-300 of its items at lowered duties.
Pakistan has handed over the list to the Indian government.
It is worthy to note that Mr Khurram got a clear mandate from the prime minister before meeting his Indian counterpart Anand Sharma in New Delhi on Jan 17 to offer the granting of MFN status to India in a shorter time. This visit was a follow-up to that of the prime minister’s adviser on foreign affairs, Sartaj Aziz, who visited India in November.
The commerce minister also told media that the Indian government has agreed to allow a Pakistani bank to open a branch in India. He said banks will have to meet the criteria of the Reserve Bank of India
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