AGL 36.99 Decreased By ▼ -1.01 (-2.66%)
AIRLINK 215.51 Increased By ▲ 1.60 (0.75%)
BOP 9.49 Increased By ▲ 0.07 (0.74%)
CNERGY 6.54 Increased By ▲ 0.25 (3.97%)
DCL 8.65 Decreased By ▼ -0.12 (-1.37%)
DFML 41.69 Decreased By ▼ -0.52 (-1.23%)
DGKC 98.50 Increased By ▲ 4.38 (4.65%)
FCCL 36.03 Increased By ▲ 0.84 (2.39%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.15 Increased By ▲ 0.76 (4.64%)
HUBC 126.60 Decreased By ▼ -0.30 (-0.24%)
HUMNL 13.55 Increased By ▲ 0.18 (1.35%)
KEL 5.20 Decreased By ▼ -0.11 (-2.07%)
KOSM 6.99 Increased By ▲ 0.05 (0.72%)
MLCF 44.10 Increased By ▲ 1.12 (2.61%)
NBP 59.50 Increased By ▲ 0.65 (1.1%)
OGDC 221.30 Increased By ▲ 1.88 (0.86%)
PAEL 40.45 Increased By ▲ 1.29 (3.29%)
PIBTL 8.06 Decreased By ▼ -0.12 (-1.47%)
PPL 193.00 Increased By ▲ 1.34 (0.7%)
PRL 38.45 Increased By ▲ 0.53 (1.4%)
PTC 27.10 Increased By ▲ 0.76 (2.89%)
SEARL 104.89 Increased By ▲ 0.89 (0.86%)
TELE 8.63 Increased By ▲ 0.24 (2.86%)
TOMCL 34.92 Increased By ▲ 0.17 (0.49%)
TPLP 13.73 Increased By ▲ 0.85 (6.6%)
TREET 24.90 Decreased By ▼ -0.44 (-1.74%)
TRG 73.79 Increased By ▲ 3.34 (4.74%)
UNITY 33.45 Increased By ▲ 0.06 (0.18%)
WTL 1.73 Increased By ▲ 0.01 (0.58%)
BR100 12,000 Increased By 106.1 (0.89%)
BR30 37,281 Increased By 426.1 (1.16%)
KSE100 111,520 Increased By 1096.5 (0.99%)
KSE30 35,098 Increased By 319.5 (0.92%)

Commerce Minister Humayun Akhtar on Wednesday consulted Foreign Affairs Secretary Riaz Mohammad Khan and Commerce Secretary Asif Shah, in a video conference, for outlining future strategy after India did not certify Pakistan''s claim wherein it accused New Delhi of denying concessions under South Asian Free Trade Agreement (Safta).
Official sources told Business Recorder that the Foreign Secretary had briefed the Cabinet, after his last visit to New Delhi, that the Commerce Minister would discuss trade issues with his Indian counterpart, in Kathmandu, as part of composite dialogue process.
However, background interviews of officials and experts suggest that the Indian Commerce Ministry was about to issue gazette notification of withdrawal of trade concessions to Pakistan under Safta, but the Pakistani officials announced it before time.
Experts argue that signing of Safta was a blunder, as some Commerce Ministry officials were even unaware of the clause under which the agreement was signed.
Sources said Mohammad Azam, a former Joint Secretary and Consul General in Australia, and Additional Secretary Nasim Quershi had proposed several changes in it, saying that some clauses of the agreement were not in favour of Pakistan.
They said that Humayun would announce, in a press conference on Thursday, that when Pakistan has no trade problem with other members of Saarc, why it should have with India.
He would try to convey that India did not remove trade barriers from the very first day and Pakistan had no other option but to take up the issue with his Indian counterpart Kamal Nath.
When an official of the Ministry was asked about what had happened with India, he declined to comment, saying that the Minister had barred them from speaking on this issue, as he was about to tell the truth at a press conference.
"I cannot tell you anything, as the minister has instructed us not to talk with the press," the official maintained. He said that the Minister intended to clear the deck on this issue as Indians were denying of any such action.
Sources cited the example of the United States Trade Representative (USTR) which in its annual report on "significant trade barriers" had said that India''s tariffs remained high, especially in the agriculture sector. US producers'' encounter-tariff and non-tariff barriers that impede their exports, despite the Indian economic reform program initiated in 1991.

Copyright Business Recorder, 2007

Comments

Comments are closed.