India to lift trade barriers after getting MFN status: Senator Ghulam Ali


India will lift non-tariff trade barriers on Pakistani exports once Islamabad grants Most Favoured Nation (MFN) status to New Delhi, said Senate Standing Committee for Commerce Chairman Senator Haji Ghulam Ali on Friday.
MFN is not a concession to India but part of an agreement signed between two countries, said the senator while talking to a delegation of female entrepreneurs led by Islamabad Women’s Chamber of Commerce and Industry (IWCCI) founder Samina Fazil and President Farida Rashid. He said the MFN status will start a new era of countless possibilities and opportunities.
He said his committee had almost finalised the Trade Organisations Act 2012 which will be put to a joint standing committee of Senate and National Assembly on January 23 and would be passed within the current month or during early February.
Ghulam Ali, who recently served as President FPCCI said after promulgation of the act, it will be obligatory on FPCCI to have a women vice president on a rotational basis.
Moreover, the businessmen and business chambers of FATA will also get representation in the apex trade body, he added.
The senator said that the new act will facilitate business community while formation of a business chamber will become extremely easy.
He called upon the IWCCI to promote rural women who were facing exploitation by middlemen.
At the occasion, Fazil and Rashid demanded the government to grant MFN status to India as soon as possible.
They said businesswomen faced popular opposition from certain sectors of society but gender equality was likely to increase despite setbacks.
Government should put female empowerment at the heart of their agenda, demanded Fazil.


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