India withdraws Most Favoured Nation Status for Pakistan

India withdraws Most Favoured Nation Status for Pakistan

NEW DELHI – India has withdrawn the ‘Most-Favoured Nation’ status to Pakistan, blaming the neighbouring country for a deadly terror attack in the occupied valley of Kashmir.

“The most favoured nation status to Pakistan stands revoked,” India’s Finance Minister Arun Jaitley said in a media briefing after the meeting of the Cabinet Committee on Security (CCS) on Friday.

“All efforts will be made to ensure that perpetrators of the attack are brought to book,” Jaitely added. link YouTube ‎@YouTube link

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Briefed media after the CCS meeting, February 15, 2019 https:// link 1,886 link 11:30 AM - Feb 15, 2019 link

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Most Favoured Nation (MFN) status is given to a trade partner to ensure non-discriminatory trade between two countries. India granted MFN status to Pakistan in 1996.

“The Ministry of External Affairs (MEA) will initiate all possible diplomatic steps which are to be taken to ensure complete isolation of Pakistan in the international community,” the finance minister said.

Mr. Jaitley claimed that an “incontrovertible evidence” is available of Pakistan’s “direct hand in this gruesome terrorist attack”.

Sounding a warning to perpetrators, Jaitley said that those behind the attacks will “pay a heavy price” for it.

The Cabinet Committee on Security meet was chaired by Prime Minister Narendra Modi to discuss the security scenario in Jammu and Kashmir in the wake of the Pulwama terror attack. It was attended by Defence Minister Nirmala Sithraman, Finance Miniser Arun Jaitley, External Affairs Minister Sushma Swaraj.

At least 41 paramilitary police officers were killed in Pulwama when a car bomb targetted army convoys attack on Thursday, in the deadliest attack on the country’s security forces occupying the Muslim-majority valley for past many decades.

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