‘No Most Favorite Nation status for India planned’

Published November 14, 2018
"The govt hopes to complete the second FTA with China by June 2019," says adviser to PM.— APP/File
"The govt hopes to complete the second FTA with China by June 2019," says adviser to PM.— APP/File

LAHORE: The government has no plans to grant Most Favorite Nation (MFN) status to India, clarified Adviser to Prime Minister for Commerce, Textile, Industry and Investments, Abdul Razak Dawood on Tuesday.

He was addressing journalists at the post-inauguration media talk of International Cement Conference and Exhibition organised by All Pakistan Cement Manufacturing Association and Intercem.

Mr Dawood said the country’s cement related exports, especially clinker, continued to increase and are likely to touch a figure of 20 million tonnes soon.

“There are some petty issues which can be resolved. Our current production is 55m tonnes. The volume of our cement-related exports at present is 5m tonnes and is expected to touch 20m tonnes worth $1 billion in future,” he hoped.

He said the government is working out free trade agreements (FTA) with different countries, especially China, and hopes to complete the second FTA with China by June 2019.

Published in Dawn, November 14th, 2018

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Business concerns
Updated 26 Apr, 2024

Business concerns

There is no doubt that these issues are impeding a positive business clime, which is required to boost private investment and economic growth.
Musical chairs
26 Apr, 2024

Musical chairs

THE petitioners are quite helpless. Yet again, they are being expected to wait while the bench supposed to hear...
Global arms race
26 Apr, 2024

Global arms race

THE figure is staggering. According to the annual report of Sweden-based think tank Stockholm International Peace...
Digital growth
Updated 25 Apr, 2024

Digital growth

Democratising digital development will catalyse a rapid, if not immediate, improvement in human development indicators for the underserved segments of the Pakistani citizenry.
Nikah rights
25 Apr, 2024

Nikah rights

THE Supreme Court recently delivered a judgement championing the rights of women within a marriage. The ruling...
Campus crackdowns
25 Apr, 2024

Campus crackdowns

WHILE most Western governments have either been gladly facilitating Israel’s genocidal war in Gaza, or meekly...