Meeting To Review Pak’s MFN Status Postponed
The meeting called by Prime Minister Narendra Modi to review the Most Favoured Nation (MFN) status granted to Pakistan has been postponed till next week.
“The meeting regarding MFN and related logistics scheduled for today is postponed to next week,” official sources said here.
The decision to review the MFN, which was granted by India unilaterally in 1996, was taken in the wake of the Uri attack over which India is weighing options to respond.
According to Assocham, out of India’s total merchandise trade of USD 641 billion in 2015-16, Pakistan accounted for a meagre USD 2.67 billion.
India’s exports to the neighbouring country worked out to USD 2.17 billion, or 0.83 per cent, of the total Indian outward shipments while imports were less than USD 500 million, or 0.13 per cent, of the total inward shipments.