MFN status to India will benefit both countries

ISLAMABAD: Samina Fazil, founder President, Islamabad Women’s Chamber of Commerce and Industry (IWCCI) has said granting MFN status to India will benefit both countries but Pakistan will gain more out of it.

Some misconceptions associated with MFN have made the whole issue disputable which should be clarified to allay the fears of business community, she said.

She said that MFN will not allow Indians to export everything to Pakistani market. Moreover, authorities of the two countries are seriously working to save local industry from any adverse impact.

Speaking to business women before leaving to India to meet trade and commerce officials and business leaders to explore opportunities and boost understanding, she said that the impression that Pakistan being a small economy will lose is grossly misplace.

The 17-member delegation will also participate in the 14-day International India Trade Fair, New Delhi, she informed.

History suggests that smaller countries have gained from such trade deals; India is a big market offering great opportunities while MFN will help many Pakistanis to reduce cost of doing business, said Samina Fazil.

Leadership of both countries seem interested in reducing tensions through trade which can result in our economic turnaround in few years.

Samina said that Pakistani garments are in great demand in India which will help millions of women in Pakistan linked with this business.

Enhanced trade with India will help further strengthen the role of women that are already contributing to the prosperity of Pakistan; she said adding that government should encourage women associated with service-oriented sectors.

She said that India should dismantle barriers, and expedite efforts to address genuine concerns of the business community to realise dream of peace and prosperity through economic cooperation.

The delegation included President IWCCI Alia Akram, VP Naima Ansari, Halima Aftab, Shirin Javed, Rizwana Noreen, Shamim Aftab, Farrah Sohail, Mumtaz Akhtar, Sajida Anwaar, Munnazza Arif, Muhammad Arif, Maimoona Khakwani, Laziza Batoon, and Syed Parwana.

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