Pakistan businessmen favour MFN status to Indiahttps://indianexpress.com/article/news-archive/web/pakistan-businessmen-favour-mfn-status-to-india/

Pakistan businessmen favour MFN status to India

India had given the MFN status to Pakistan in 2006 but the move is yet to be reciprocated by its neighbour.

Pakistan should grant India the Most Favoured Nation (MFN) status for mutual interest as this will help treble bilateral trade to $10 billion in three years,a Pakistani business delegation said.

“Pakistan should give India the MFN status. It is very much needed in the interest of both the nations. It will help the trade volume between the two to grow to $10 billion in three years,” SM Muneer,President,India-Pakistan Chambers of Commerce and Industry,here.

India had given the MFN status to Pakistan in 2006 but the move is yet to be reciprocated by its neighbour. Pakistan has been postponing implementation of its decision to grant MFN status to India with several deadlines missed,which is believed to be due to its domestic political compulsions.

Muneer said the granting of the MFN status to India would help in a big way to alleviate poverty prevalent in both nations. He further said India might have to wait till the general election next year gets over as Pakistani authority would like to see the outcome of the poll,but added that whichever party comes into power,it would not come in the way for granting the status to India.