Federal cabinet has given approval to the proposal of giving 'Most Favourite Nation status to India and enhancing trade relations with the neighbouring country. The cabinet met here under the chairmanship of Prime Minister Syed Yousuf Raza Gilani on Tuesday. The cabinet was given briefing by the Commerce Minister Amin Fahim about the outcome of his recent visit to India. The cabinet also agreed to enhance trade volume with India from $2.6 billion to $6 billion. The meeting said that all the trade agreements with India would be fully materialized.