India withdraws 'Most Favoured Nation' status accorded to Pakistan after Pulwama attack

Union Finance Minister Arun Jaitley on Friday said 'Most Favoured Nation' status accorded to Pakistan has been withdrawn after at least 40 CRPF personnel were killed in Pulwama when the Jaish-e-Mohammed terrorist rammed an explosives-laden vehicle into the bus they were travelling in.

Jaitley was addressing a press conference after Cabinet Committee on Security (CCS) meeting concluded in Delhi on Friday morning.

The CCS took an assessment of the situation and discussed the incident in which a large number of CRPF died, he said.

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The Ministry of External Affairs (MEA) will take all possible diplomatic efforts for complete ''isolation'' of Pakistan from the international community for having a hand in this gruesome incident, Jaitley added.

''Security forces will take all possible take steps to ensure full security is maintained and ensure those who committed this heinous crime are made to pay a heavy cost,'' Jaitley further said.

Meanwhile, Rajnath will leave for Srinagar along with several officials in order to take stock of the situation.

An all-party meeting will be called tomorrow to discuss the incident.

According to Jaitley, CRPF will make detailed arrangements to transport the bodies of the deceased to their relatives.

The CCS observed a two-minute silence before the meeting and expressed its condolences to the victims of the heinous attack.