Pak working towards granting MFN-status to India: Minister
Jan 24 2013 , Islamabad
During question hour in the Senate or upper house of Parliament, Minister of State for Commerce Abbas Khan Afridi said "work was in progress" to grant MFN-status to India.
Afridi did not say when the process is likely to be completed.
He said a final decision will be made only after talking to all stakeholders and "prioritising the country's interests".
Pakistan has already missed a December 31 deadline to end a negative list regime for trade and give MFN-status to India.
Since then, several federal ministers have said that the move to grant MFN-status had been delayed so that the government could hold consultations with industries that have expressed their reservations about the move.
The two countries have taken several steps to normalise trade relations since they resumed their peace process in 2011 after a gap of over two years in the wake of the Mumbai terror attacks.
During recent talks, the two sides agreed to increase bilateral trade from the current level of about two billion dollars to six billion dollars by 2014.