Pakistan: Afraid of free trade

Pakistan and India signed a South Asian Free Trade Area (SAFTA) agreement long ago and were expected to move to the free trade regime by April 1, 2013. Pakistan hemmed and hawed throughout that year under Prime Minister Nawaz Sharif, who won at the polls promising an “opening up” with India. He was supported overwhelmingly by all chambers of commerce and industry in Pakistan. In the year 2014 too, he has held back the award of the Most Favoured Nation (MFN) status, which India granted to Pakistan...

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