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Thursday, 3 November 2011

Federal Cabinet approves 'MFN' status for India

Federal Cabinet approves  (BATKHELA-MOVIES)ISLAMABAD: The Federal Cabinet unanimously decided on Wednesday to grant India Most Favoured Nation status to liberalise trade between the two South Asian countries. 

The federal cabinet meeting chaired by Prime Minister Yousuf Raza Gilani approved enhancing trade with India from $2 billion to $6 billion.

According to Information Minister Firdous Ashiq Awan granting India MFN status will "bring economic benefits to us and this decision has been taken in the national interest."

Awan conceding that some cabinet ministers had initially voiced objections to the proposal from the commerce ministry.

The cabinet also reviewed the implementation of Aghaz-e-Haqooq-e-Balochistan package to ensure due rights to the province.

The meeting held at the Prime Minister Secretariat was apprised that 61 policy decisions had been taken in this regard as 80 percent of the package had been implemented.

The cabinet earlier offered fateha for the departed soul of Madr-e-Jamhuriat (Mother of Democracy) Begum Nusrat Bhutto and prayed for her eternal peace.

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