ISLAMABAD – FAISAL HAKEEM MUGHAL - After granting the MFN status to Indian, Pakistan has finalised all arrangements to enhance trade with the neighbouring country while the commerce secretaries of both the countries are meeting on September 12-13 in this regard.

According to sources, Pakistan and India will ink three major agreements, including cooperation in customs affairs, the action on complaints regarding trade and acceptance of each country’s quality control authority by the other country including PSQCA and BIS.

They said that though India has allowed investment by the Pakistanis yet they cannot invest independently, rather they have to invest through the Indian government.

It is to be noted that this restriction is only for the neighbouring countries, including Pakistan and Bangladesh while rest of the world can make investment directly and without any restriction. The documents available with Waqt News revealed that the Indian authorities have taken several steps to facilitate the Pakistani textile and agri sectors. The Indian cabinet has reduced the sensitive items list under SAFTA by 30 per cent. Now Pakistan will be able to export 106 more textile products and 155 additional goods of agriculture to India.

The dialogues on import of 500MW electricity are underway between India and Pakistan, as two rounds of talks have already held while the third round will be held in October. Likewise, the import of petroleum products will also be discussed very soon, including trade of LNG, as India is also interested in selling this product to Pakistan.

Pakistan is likely to end the negative list at the end of the current fiscal year on the condition of Non Tariff Barriers removal by India.