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Pakistan's parliamentary panel express concerns over giving MFN-status to India

By Religare

The move of Pakistan to grant most favoured nation (MFN) status to India has hit the roadblock after the parliamentary panel of Pakistan said that the move could spell disaster for their agriculture sector.

Earlier the PPP-led government had said that it is committed to terminating its negative list regime for trade with India by December 31 and granting MFN-status by the beginning of next year.

India and Pakistan have taken several steps and are looking to boost their non-existent bi-lateral trade to USD 6 billion by 2014.


However, members of the Public Accounts Committee has expressed concerns over the government's move to do away with the negative list regime and accused the government to give the MFN status to India under "foreign pressure."

Story first published: Monday, November 19, 2012, 10:30 [IST]
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