*ISLAMABAD: Pakistan has finalised a plan to defeat India on trade front byconsidering the imposition of ban on imports from New Delhi in atit-for-tat move.*

India had import 200 per cent additional duty on imports of Pakistaniproduct that is likely to slash exports income up to $356 million toIslamabad.

New Delhi had withdrawn the Most Favoured Nation (MFN) status to Islamabadfollowing February 14’s attack in Pulwama of Indian occupied Jammu andKashmir, however, it had not brought tangible results to Pakistan.

Pakistan’s exports to India was mainly based on few products includingdates and walnuts, sources said. The value of Indian exports stood at $1.88million and $56 million to Pakistan, sources said.

Islamabad has started mulling to impose a ban on imports of Indian productswhich will stop New Delhi’s exports up to $650 million, sources said.

Sources added Pakistan will also pull back trade accommodations to Indiabesides banning imports of the New Delhi products.

It is pertinent to mention here that bilateral trade volume betweenIslamabad and New Delhi is currently standing at over $1.5 million.

On February 17, Prime Minister’s Advisor on Commerce Razak Dawood hadhinted strict action against India’s decision to withdraw the status ofMost Favoured Nation (MFN) for Pakistan.

He had said that Islamabad would consider all available choices toretaliate the trade war tactics initiated by New Delhi.

“Pakistan may revoke concessions to India under the South Asia PreferentialTrade Agreement (SAPTA) and may also take up the issue in the World TradeOrganisation,” Razak Dawood said while talking to media at the office ofthe Board of Investment.

MFN status is accorded by one state to another in international trade underthe WTO. It means that a country will treat all WTO member states equallyin matters of tariffs on imports.