Speaking to the media in Kala Shah Kaku, Gilani said that the government had mandated the Ministry of Commerce to hold talks with its Indian counterpart to complete formalities.
The prime minister made it clear that the term most favoured nation should not be misunderstood, as it meant treating India at par with other countries in trade.
(Read: Across the borders: ‘MFN status to India alone not sufficient to promote trade and investment’)
Gilani said that India had enjoyed MFN status from 1947 to 1965 and it had restored Pakistan’s status in 1995, but Islamabad had not.
He said that Pakistan would never compromise on national interests and was committed to resolving all outstanding issues, including Kashmir, with India through talks.
‘India fast growing economy, neighbours can benefit from it’
Indian High Commissioner to Pakistan Sharat Sabharwal, welcoming the MFN status to his country, said that India is a fast growing economy and neighbouring countries can benefit from it.
Speaking during his visit to the Karachi Chamber of Commerce and Industry (KCCI), Sabharwal said that there should be no doubt that India will treat Pakistan the same way it treats other trading partners.
He said significant trading opportunities existed for both countries if the MFN is fully explored.
The Indian High Commissioner said that trade between Islamabad and New Delhi can rise to $6-10 billion a year.
He said secretary level talks will soon be held to resolve any issues that may halt trading prospects between the two countries.
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Symptomatic of our times........ From top till bottom there is a moral decay!
Give the MFN status to either China or Turkey.