India has reportedly agreed to Pakistan's demand of excluding 160 items, essentially textile products, from its Pakistan-specific Sensitive List.
The move is said to be a step toward complete trade normalization between the two neighboring nations.
Miftah Ismail, special assistant to the Pakistan prime minister and chairman of the Board of Investment, said that both sides have reached a broader understanding on how to move forward on the issue of liberalizing bilateral trade and overcome associated obstacles, the Express Tribune reported.
The Chairman revealed that both India and Pakistan will simultaneously announce Non-Discriminatory Market Access on Reciprocal Basis (NDMARB) status for each other.
Ismail said that Pakistan will abolish the Negative List restricting the importation of 1,209 items from India under the NDMARB agreement.
