India on Friday withdrew the Most Favoured Nation status to Pakistan in the wake of the Pulwama terror attack, Union Finance Minister Arun Jaitley said after the Cabinet Committee on Security meeting.
Addressing reporters after the meeting, that was headed by Prime Minister Narendra Modi, Jaitley said those behind the horrific attack in which 40 CRPF men lost their lives will "have to pay a heavy cost".
"The most favoured nation status which has been granted to Pakistan stands withdrawn."
The Most Favoured Nation status given to Pakistan stands withdrawn. #Pulwama— Arun Jaitley (@arunjaitley) February 15, 2019
He said the Ministry of Commerce will issue the necessary communication in this regard.
"The Ministry of External Affairs (MEA) will initiate all possible steps, and I am referring to all diplomatic steps, which are to be taken to ensure the complete isolation from the international community of Pakistan of which incontrovertible evidence are available of having a direct hand in this gruesome terrorist attack," Jaitley said.
He said the Ministry of External Affairs will keep media in the loop of the steps taken.
Jaitley said that the MEA would also engage with the international community to make sure that the Comprehensive Convention on International Terrorism which has been pending for over three decades with the UN, particularly because of the definition of the word terrorism, must be adopted at the earliest.
India will press with the international community to ensure the early adoption at the UN of the ‘Comprehensive Convention on International Terrorism’. #Pulwama— Arun Jaitley (@arunjaitley) February 15, 2019
Besides Modi and Jaitley, External Affairs Minister Sushma Swaraj, Home Minister Rajnath Singh and Defence Minister Nirmala Sitharaman were also present at the meeting.
Jaitley said that the CCS observed a two-minute silence for those killed expressed their condolences to the bereaved families. At least 38 others continue in hospitals with injuries in the attack that has left the security establishment stunned.
He said the CRPF will make detailed arrangement with regard to transporting the bodies of the deceased to their families.
India has squarely blamed Pakistan for the attack, perpetrated by the Pakistan-based Jaish-e-Mohammad terror group.
Jaitley said the government is also taking all possible steps to ensure that full security is maintained and to ensure that those who have committed this heinous act of terrorism and those who have supported it actively are made to pay a heavy cost.
The perpetrators of the act of terrorism at #Pulwama will have to pay a heavy cost for their actions.— Arun Jaitley (@arunjaitley) February 15, 2019
Jaitley said that an all-party meeting will be held on Saturday to brief the parties on the steps being taken.
Top security officials are learnt to have made a presentation on the incident and the overall security situation in the state.