Pak likely to grant India MFN status next month

January 25, 2013 15:09

Pakistan is likely to grant the Most Favoured Nation status to India next month, in an attempt to boost Indo-Pak business to 6-7 billion dollars, according to its Minister of State for Commerce Abbas Khan Afridi.

Afridi's statement rebuffed media reports that Islamabad may delay awarding MFN status to India as the government was facing pressure from various stakeholders -- particularly from industrialists associated with the textile industry in Pakistan, reports the Express Tribune.

Afridi said the MFN status would be awarded to India by prioritising state interests, taking all stakeholders on board in Pakistan.

Islamabad has already missed a December 31 deadline to give MFN status to New Delhi as well as to end a negative list regime and trade.

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