Most Favored Nation taken from Pakistan, Why it was Important?

A country who is stubborn for the spreading terrorism in the region. Jaish E Mohammad did a terror attack in Pulwama District and Pakistan provides safe-haven to those terrorists. Arun Jaitley said on February 14, Most Favored Nation (MFN) has been taken from Pakistan. What is the Most Favored Nation (MFN)?

  • This is a “special class” given by a nation to other nation, who used to have a better relationship in business activity. Those who get this title of Most Favored Nation doesn’t get any kind of discrimination in business, they get a special discount in exports and imports. Comparing to other nation Most Favored Nation get products at lowest price for the product. That nation can import products in paying low taxes. For any commercial transaction, any products should be given at a low price comparing to other nation.

This was the benefits of Most Favored Nation and Pakistan was taking benefits since 1996. After URI attack, there was the demand for taking Most Favored Nation from Pakistan but this time, it has completely done.

This will be a huge arduous for Pakistan, where they have already begged for money from many countries, now they have lost the Most Favored Nation title and they will have to pay a higher price for the same products.

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