Pakistan said that it has not yet been informed by India on withdrawing the Most Favoured Nation (MFN) status to Islamabad in the wake of a bloody suicide bombing in Jammu and Kashmir…reports Asian Lite News
Abdul Razak Dawood, adviser to the Pakistan’s Prime Minister on Commerce, said: “We are looking into the withdrawal of MFN status by India. We can speak to India about this issue.
“Pakistan can raise this issue at different forums including the World Trade Forum,” The Nation quoted him as saying.
A day after the terror attack on Thursday, India announced it was taking back the MFN status given to Pakistan in 1996.
The status means that a country will treat all World Trade Organisation member states equally in matters of tariffs on imports.
After withdrawing the MFN status, New Delhi imposed a 200 per cent import duty on all goods originating or exported from Pakistan.