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Saturday, November 05, 2011

Pakistan not backtracking on Indian MFN status: FO

ISLAMABAD: Pakistan on Friday denied that it had backtracked on giving India Most Favoured Nation (MFN) trade status. “Pakistan is not backtracking,” said Foreign Office Spokesperson Tehmina Janjua after a senior Indian official earlier said the nuclear-armed rival was bowing to domestic business interests opposed to finalising MFN status. “Pakistan clearly stated that our cabinet gave approval to move forward on MFN status in principle,” she said. Speaking on condition of anonymity, an Indian source claimed that business and political lobbies in Pakistan seemed to have forced the trade move to be put on hold, leaving India to “wait and watch” as to when the process would resume. “From the initial announcement of an unconditional grant of an MFN, there appears to be a clear backtrack,” the source said. The statement was dismissed by Islamabad. agencies

Courtesy www.dailytimes.com.pk

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