Pakistan has assured the International Monetary Fund (IMF) that it was moving forward with eliminating the negative list on trade with New Delhi and granting the Most Favoured Nation status to India as part of its overall trade policy,a media report said on Saturday.
We are moving forward with eliminating the negative list on trade with India and extending India most favoured nation status,and shifting to sensitive list under SAFTA (South Asia Free Trade Area) regime to facilitate increased regional trade, Pakistans Finance Minister Ishaq Dar said.
The minister said this in a written assurance to the IMF during negotiations for recently approved $6.64 billion economic bailout package,The Dawn daily said in a report. The PPP government had decided in March last year to switch over from positive list of about 1,900 tradable items to a negative list of about 1,206 items,thereby allowing about 5,000 items to be traded between the two countries.
The PPP governments assurance on December 31 last year that it would grant MFN status to India by doing away with the negative list has not materialised.