Pakistani government is expected to bring out a notification next month allowing import of certain goods.—File Photo

NEW DELHI: The Pakistani government is expected to bring out a notification next month allowing import of certain goods, including petrol and food items from India, Energy Secretary Ejaz Chaudhry said on Friday.

Pakistan agreed last November to open up more trade with India by replacing a list of items its bigger neighbour can sell across the border with a shorter list of items that cannot be traded -- a move regarded as key to improving commercial ties.

Pakistan has agreed in principle to grant access to imports from India under the Most Favoured Nation status, but has yet to fully implement the change.

“We have granted the Most Favoured Nation status to India. Our cabinet has approved it,” Chaudhry told reporters in the Indian capital.

“Our commerce ministry is in the final stage of documentation of a notification to bring out certain items from negative list, including petrol,” he said. “The notification should be out in 14 to 15 days.”

Pakistan currently bans imports of Indian gasoline. It allowed diesel imports from India in 2009, but no Indian supplies were sent in the face of preferential prices offered by Pakistan's allies such as Kuwait.

India's oil minister S Jaipal Reddy said in January that the country was examining a proposal to export petroleum products and gasoline to neighbouring Pakistan.

Chaudhry said Pakistan was aiming to build its first liquefied natural gas (LNG) terminal, which it hopes to commission in the second-half of the next year.

Four-to-five companies, including global oil major Royal Dutch Shell and South Korea's Daewoo, have shown interest in supplying LNG to Pakistan under a tender seeking 500 million cubic feet a day (MCFD) gas, he said.

The government plans to award the tender in one month, Chaudhry said.

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

Opinion

Editorial

Disquiet on the western front
Updated 07 Dec, 2022

Disquiet on the western front

IT is very difficult for Pakistan to be delinked from Afghanistan, because of reasons of geography and history.
Fuel from Russia
07 Dec, 2022

Fuel from Russia

THE apparent headway made with Russia for the purchase of its crude oil, petrol and diesel at discounted prices is a...
More women SHOs
07 Dec, 2022

More women SHOs

IT is encouraging to see more employment avenues opening up for women in Pakistan, with an increasing number of...
Is there a plan?
Updated 06 Dec, 2022

Is there a plan?

The ball currently is in Imran's court, but it appears he is stumped as to what to do with it.
Riverfront concerns
06 Dec, 2022

Riverfront concerns

THE door-to-door drive being launched by a group of landowners to mobilise affected communities against what they...
Morality police out
06 Dec, 2022

Morality police out

FOR several months, Iran has been rocked by unprecedented protests, sparked by the death on Sept 16 of Mahsa Amini, ...