ISLAMABAD, Feb 26: Pakistan on Monday demonstrated restraint and avoided a tit-for-tat reply to India’s unilateral decision to withdraw tariff concessions under the South Asia Free Trade Agreement (Safta).

Pakistan announced it would explore all possible options to challenge the Indian move to withdraw the tariff liberalisation programme.

Pakistan said the decision was in violation of Article 7 of the trade agreement which had been in effect since July 2006.

The decision came at the second meeting of the Safta Ministerial Conference in Khatmandu.

“Pakistan will not review the tariff concessions extended to all Saarc countries, including India,” said Secretary Commerce Syed Asif Shah at a press briefing in Islamabad.

"Pakistan remains committed to continuing with the trade liberalisation programme as stipulated in Safta,” he said when asked if Pakistan would come up with a similar action.

Mr Shah said the Indian decision would be debated at an appropriate level.

"We would take all possible steps available under the agreement," he added.

He said Commerce Minister Humayun Akhtar Khan was in Khatmandu to resolve the issue. He would be back on Tuesday to lay down parameters for a future action on the issue.

"We would evolve a strategy and move ahead. You can’t just sit, you have to react, which we will. We will consult all stakeholders on the issue," he said in reply to a question.

Opinion

Enter the deputy PM

Enter the deputy PM

Clearly, something has changed since for this step to have been taken and there are shifts in the balance of power within.

Editorial

All this talk
Updated 30 Apr, 2024

All this talk

The other parties are equally legitimate stakeholders in the country’s political future, and it must give them due consideration.
Monetary policy
30 Apr, 2024

Monetary policy

ALIGNING its decision with the trend in developed economies, the State Bank has acted wisely by holding its key...
Meaningless appointment
30 Apr, 2024

Meaningless appointment

THE PML-N’s policy of ‘family first’ has once again triggered criticism. The party’s latest move in this...
Weathering the storm
Updated 29 Apr, 2024

Weathering the storm

Let 2024 be the year when we all proactively ensure that our communities are safeguarded and that the future is secure against the inevitable next storm.
Afghan repatriation
29 Apr, 2024

Afghan repatriation

COMPARED to the roughshod manner in which the caretaker set-up dealt with the issue, the elected government seems a...
Trying harder
29 Apr, 2024

Trying harder

IT is a relief that Pakistan managed to salvage some pride. Pakistan had taken the lead, then fell behind before...