'Pakistan has no official info about India withdrawing MFN status'

February 17, 2019 17:11

India has not informed Pakistan that it was withdrawing the Most Favoured Nation status to it, a senior Pakistani official said on Sunday, after New Delhi took strong economic action against Islamabad following the Pulwama terror attack.

India on Friday announced the withdrawal of the MFN status for Pakistan, following the deadly terror attack on CRPF personnel in Pulwama in Jammu and Kashmir, and hiked the customs duty by 200 per cent on goods originating from Pakistan with immediate effect on Saturday.

Two days after India made the announcement, Adviser to Prime Minister Imran Khan on Commerce Abdul Razak Dawood said New Delhi has not informed Islamabad about withdrawing Pakistan's MFN status, Geo News reported.

Dawood said, "We are looking into the withdrawal of the MFN status by India. We can speak to India about this issue".

He further said Pakistan can raise this issue at different forums including the World Trade Organisation as both countries are members of the global trade body.

India granted the MFN status to Pakistan way back in 1996, but Islamabad has not reciprocated.

Under the MFN pact, a WTO member country is obliged to treat the other trading nation in a non-discriminatory manner, especially with regard to customs duty and other levies.

India's decision would significantly hit Pakistan's exports to India, which stood at $488.5 million (around Rs 3,482.3 crore) in 2017-18 as it would drastically increase the prices of its goods.

-- PTI

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