Summary The office-bearer said that MFN would reduce trade cost owing to economical transportation.
ISLAMABAD: The Islamabad Women s Chamber of Commerce and Industry (IWCCI), Monday, supported the decision of the Federal Cabinet to implement the grant Most Favoured Nation (MFN) status to India.
Failure to meet the deadline for MFN status to India by Pakistan indicates extra care being observed by government which is not insensitive to the strengths and weakness of the local business community, said said President IWCCI Farida Rashid.
Farida Rashid said that Indian goods will provide some relief to Pakistanis whose purchasing power has been eroded due to host of reasons. Moreover, our industry would gain access to the large Indian market with a great customer base, she added.
MFN will reduce trade cost owing to economical transportation, availability of raw materials and machinery which will cut the cost of doing business in Pakistan resulting in improved competitiveness and productivity of our industry.
