The Government of India on Friday withdrew Most Favored Nation (MFN) status in the wake of terrorist attack on Jammu and Kashmir’s Pulwama district on Thursday which left 45 CRPF troopers killed.
The MFN is given in terms of trade and business relaxation by a nation.
Union Minister Arun Jaitley revealed the government’s decision after participating in a top-level-meeting of Cabinet Committee on Security (CCS) presided over by Prime Minister Narendra Modi.
He said the Government as well as Ministry of External Affairs will take all possible action to isolate the neighbouring country globally.
After the meeting in a media briefing Jaitley asserted; “The most favored nation status to Pakistan stands revoked and all efforts will be made to ensure that perpetrators of the attack are brought to book.”
Most Favored Nation (MFN) status is given to a trade partner to ensure non-discriminatory trade between two countries. India granted MFN status to Pakistan in 1996.
Without directly mentioning Pakistan’s name, the Union Minister, who has been the Finance Minister before Piyush Goyal replaced him due to health conditions, said that those aiding and abating the perpetrators will have to pay a heavy price.
Also Read: Arun Jaitley accuse Mamata Banerjee of endangering India’s sovereignty
Regarding isolating Pakistan at the global forum the minister claimed, “MEA will initiate all possible diplomatic steps which are to be taken to ensure complete isolation of Pakistan in the international community.”