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India withdrew Most Favoured Nation Status to Pakistan

  • Category
    Economy
  • Published
    21st Feb, 2019
  • As a retaliatory measure to a dastardly suicide bombing attack in Pulwama, the Indian government has withdrawn "Most Favoured Nation" or MFN status accorded to Pakistan.
  • The decision is intended to isolate Pakistan diplomatically and squeeze the country’s industry. It can led to stoppage of input materials such as chemicals and cotton from India, will push up costs of production for the relevant Pakistani industries.

Context

  • As a retaliatory measure to a dastardly suicide bombing attack in Pulwama, the Indian government has withdrawn "Most Favoured Nation" or MFN status accorded to Pakistan.
  • The decision is intended to isolate Pakistan diplomatically and squeeze the country’s industry. It can led to stoppage of input materials such as chemicals and cotton from India, will push up costs of production for the relevant Pakistani industries.
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