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

Negative list for trade with India to be phase out by Dec: Pak

Image
Press Trust of India Islamabad
Last Updated : Jan 24 2013 | 2:10 AM IST

The negative list allows trade in all but 1,209 items, Fahim said in a written reply to a question in the National Assembly or lower house of Parliament yesterday.

Pakistan switched from a positive to a negative list regime earlier this year and has decided in principle to give India Most Favoured Nation-status by the beginning of next year.

Fahim said inexpensive vehicles under 1000cc can be imported from India. The negative list contains a total of 385 items of the automobile sector.

Of these, 19 are different types of vehicles and the remaining items are primarily components for vehicles.

The vehicles in the negative category do not fall in the inexpensive category but reflect a mixture of various types and price ranges, he said.

A total of 49 items of the pharmaceutical sector are in the negative list, including finished products added to the list to protect domestic manufacturers.

  

Also Read

First Published: Sep 06 2012 | 2:35 PM IST

Next Story