Declaring that time has come to write a “new chapter” in the history of two countries, Prime Minister Manmohan Singh today decided that India will move towards Preferential Trade Agreement with Pakistan as both sides agreed that bilateral trade will be conducted on Most Favoured Nation (MFN) basis.
During an hour-long meeting on the sidelines of the SAARC Summit, Singh and his Pakistani counterpart Yousuf Raza Gilani also decided to put in place a liberalised visa regime at the earliest and revive the Indo-Pak joint Commission that has not been in operation since 2005.
From: http://ping.fm/rOH0k
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