India has decided to review the ‘Most Favoured Nation’ Status given to Pakistan.
India’s move to review the Most Favoured Nation (MFN) status given to Pakistan is a manifestation of Prime Minister Narendra Modi’s economic war without bullets.
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Prime Minister Narendra Modi will chair a review meeting on September 29.
Officials from Indian external affairs ministry and commerce ministry will attend the meeting.
The move follows the Modi government’s decision to look for options beyond diplomatic pressure after the terror attack on an Army camp at Uri along the line of control that killed 18 soldiers.
The move itself may not have much impact on Pakistan’s economy as bilateral trade is very low between the two neighbours.
Read more: India has to answer for its crimes in IoK: Maleeha
Earlier, Indian Prime Minister Narendra Modi said on Monday as he chaired a review meeting of Indus Water Treaty during which it was decided that India will “exploit to the maximum” the water of Pakistan-controlled rivers, including Jhelum, as per the water-sharing pact.
Held amidst heightened tensions between India and Pakistan, the meeting also decided to set up an inter-ministerial task force to go into the details and working of the treaty with a “sense of urgency”, Indian media reported, citing senior government officials.
In the meeting, the Indian premier reportedly zeroed in on adopting an aggressive strategy to raise pressure on Pakistan.
The move came days after he threatened Pakistan with global ‘isolation’ following the recent Uri attack.
Read more: Pakistan to approach ICJ if India violates Indus Water Treaty: Sartaj