Tightening the screws on Pakistan further, Prime Minister Narendra Modi will convene a meeting on Thursday to review the Most Favoured Nation status to the neighbour, sources said.
The meeting will be attended by senior officials, including those from the External Affairs and Commerce ministries.
The meeting follows India's decision on Monday to revisit the 56 years old Indus Waters Treaty with Pakistan, in the wake of the terror attack in Uri that killed 18 soldiers.
India granted the MFN status to Pakistan in 1996 but the neighbouring country has so far not reciprocated.
According to obligations under the World Trade Organisation (WTO), member countries shall extend Most Favoured Nation (MFN) status to each other automatically unless otherwise specified in the agreement or the schedule notified to the WTO by the member country.
India has been moving on several fronts against Pakistan as part of its response in the wake of the Uri terror attack and has also decided to isolate Pakistan diplomatically for "exporting terror".
India has blamed militants from Pakistan for the September 18 attack.