Don’t miss the latest developments in business and finance.

India yet to tell us about MFN status withdrawal: Pakistan (Lead, Correcting para four)

Image
IANS Islamabad
Last Updated : Feb 17 2019 | 10:40 PM IST

Pakistan said on Sunday that it has not yet been informed by India on withdrawing the Most Favoured Nation (MFN) status to Islamabad in the wake of a bloody suicide bombing in Jammu and Kashmir.

Abdul Razak Dawood, adviser to the Pakistan's Prime Minister on Commerce, said: "We are looking into the withdrawal of MFN status by India. We can speak to India about this issue.

"Pakistan can raise this issue at different forums including the World Trade Forum," The Nation quoted him as saying.

A day after the terror attack on Thursday, India announced it was taking back the MFN status given to Pakistan in 1996.

The status means that a country will treat all World Trade Organisation member states equally in matters of tariffs on imports.

After withdrawing the MFN status, New Delhi imposed a 200 per cent import duty on all goods originating or exported from Pakistan.

Also Read

--IANS

pg/mr/vd

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Feb 17 2019 | 10:34 PM IST

Next Story