|THE proposed opening of Qatar´s embassy
in Nepal and the signing of two major pacts
between them will pave the way for diversification
of bilateral ties, the visiting Nepalese
President Dr Ram Baran Yadav has said.
In an interview with Qatar Tribune, he said
that the two countries shared a three-decade
it was time both
|Another Great Depression?|
|ISTUMBLED out into the autumn
sunshine, figures ricocheting
around my head, still trying to
absorb what I had heard. I felt as if I
had just attended a funeral: a funeral
at which all of us got buried. I cannot
claim to have understood everything in
the lecture: Sonnenschein-Mantel-
Debreu theory and the 41-line differential
equation were approximately 15.8
|THE US economy is probably
going to stink for a few more
years. It is beset by shortterm
problems (low consumer
housing prices, too much debt) and
long-term problems (wage stagnation,
rising health care costs, eroding
Realistically, not much is going to
be done to address the short-term
problems, but we can at least use
this winter of recuperation to
Pakistan may grant MFN status to India soon
IANS ISLAMABAD PAKISTAN has no objection to granting Most Favoured Nation (MFN) status to India, a minister said in Lahore.
Commerce Minister Makhdoom Amin Fahim said on Tuesday: “We will definitely carry it on soon.” “However, we want to proceed step by step,” Dawn quoted the minister as saying.
The details would be finalised at a meeting of the commerce secretaries of India and Pakistan to be held in New Delhi next month, he said. The MFN status could be a big step forward in strengthening trade ties between the two neighbours.
Once the MFN status is granted, Pakistan will have to treat India on par with its other favoured trading partners.
India has already granted most favoured nation status to Pakistan and is treating it on par with other trading partners.
Fahim had been on a fiveday visit to India last month.
Currently, Pakistan’s exports to India stand at $300 million, while the imports from India are at $1.5 billion.
Meanwhile, a Pakistan minister has said that it wants more market access to European markets through Turkey for its products.
Firdous Ashiq Awan, minister for information and broadcasting who is currently in Turkey, on Tuesday emphasised on the need for more market access to European markets via Turkey for Pakistani products and said that Pakistan believed in trade and not aid.
She referred to cargo goods train project, Gul Train, that will link Pakistan via Iran and Turkey to European Union (EU) markets and urged early completion of this mega- connectivity project, reported AP of Pakistan. She held a meeting with Turkish Deputy Prime Minister Bulent Arinc in Ankara. She said Pakistan highly valued its relations with Turkey. “We consider ourselves as the same nation living in two different geographical regions. Love for Turkey and its people is in every Pakistani’s blood,” she was quoted as saying.