*ISLAMABAD – **Pakistan decides to retaliate back hard against Indian moveof revoking MFN status, it has been revealed.*
*Prime Minister’s Advisor on Commerce Razak Dawood on Friday said Pakistanwould consider all available choices to retaliate after the India’sdecision to withdraw the status of Most Favoured Nation (MFN) for Pakistan.*
“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.
New Delhi revoked its MFN status to Pakistan on Thursday, after the attackon Indian forces in Pulwama. The neighbouring country had granted thisstatus to Islamabad in 1995.
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.
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Indian Finance Minister Arun Jaitley announced the decision to withdraw thestatus while briefing the media in Delhi, reported NDTV.
He said that India will take all diplomatic measures to ensure completeisolation of Pakistan in the international community.
On February 14, at least 44 Indian soldiers were killed in a bomb attack ona paramilitary convoy in India-occupied Kashmir.
