Islamabad: Pakistan says it has decided to normalise trade relations with its giant rival and neighbor India.
Information Minister Firdous Ashiq Awan says the Cabinet on Wednesday approved a decision to give India the status of the "Most Favoured Nation."
The move is hailed as a positive first step in normalising diplomatic and other links with India.
The two nuclear-armed countries have fought three wars since they were created in 1947.
Granting the most-favoured status means the two countries can now trade on equal terms, typically giving each other low tariffs and high import quotas.
Information Minister Firdous Ashiq Awan says the Cabinet on Wednesday approved a decision to give India the status of the "Most Favoured Nation."
The move is hailed as a positive first step in normalising diplomatic and other links with India.
The two nuclear-armed countries have fought three wars since they were created in 1947.
Granting the most-favoured status means the two countries can now trade on equal terms, typically giving each other low tariffs and high import quotas.
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