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Asian Tribune is published by E-LANKA MEDIA(PVT)Ltd. Vol. 20 No. 78

Pak likely to ratify SAFTA this month

[b]Pak likely to ratify SAFTA this month[/b]

By Iqbal Hussain Khan Yousafzai – Reporting from Islamabad

[b]Islamabad, 09 January, ( [/b]Pakistan is expected to ratify the South Asia Free Trade Area (SAFTA) agreement this month, the ministry of commerce in Pakistan said.

An official of the ministry said that a summary to this effect has already been submitted to the cabinet secretariat, and it was likely to be taken up at the special cabinet meeting for approval.

Pakistan Prime Minister Mr. Shaukat Aziz will chair the special meeting to be held after Eid-ul-Azha, known as the day of sacrifice and is celebrated by the Muslim across the world. The day will fall in Pakistan on January 11.

Pakistan is a signatory to SAFTA and is required to ratify the agreement and submit its ratification instrument to the SAARC Secretariat for formal notification before June 30, 2006. All SAARC members apart from Pakistan and Sri Lanka have rectified the agreement.

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