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Pakistan’s MFN Status to India; Who Will Gain Out of This?

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Pakistan's MFN Status to India, Wagah Border

India and Pakistan at Wagah Border. ‘
Photo taken by Kamran Ali

India and Pakistan are the two countries which are involved in regular trade with the world. But when it comes to the neighbourhood, they are hardly maintaining any business relationship with each other. Many times the idea of starting free trade between the two neighbours was discussed. Pakistan had its own ups and downs in declaring India as its most favoured nation, but now the discussion is more about who among India and Pakistan will be benefited more if Pakistan gives Most Favoured Nation status to India.

Do you think Pakistan should give India MFN Status?

India and Pakistan, known in the world as major nuclear rival neighbours, always had tensed relations. Within this rivalry many steps towards peace were taken, some of which were successful and some eventually failed. The dialogues between two nations had almost stopped when Pakistan’s terrorist organization’s involvement in November 2008 Mumbai attacks came in the picture. India maintained a no dialogue policy until Pakistan would take action against the culprits of Mumbai attack.

It was in July 2009 amidst the tourist season when regular tourists from around the world were coming to Egypt  in full flow, diving in Sharm el Sheikh which is a beautiful tourist destination facing the Red Sea. There were some really interesting developments happening between India and Pakistan. Indian and Pakistani premiers met in Sharm el Sheikh for the first time after Mumbai Attacks. The outcomes of the meeting were lauded in Pakistan, whereas were chided by Indian analysts, but the most important aspect of the meeting was the resumption of the peace process.

While India has given a good reaction prior to the developments in Pakistan about granting MFN status, Pakistan is giving mixed response. There are analysts who think giving MFN to India is a right decision and there are analysts who have censured this step. The main reason of Pakistan for castigating this step is that India has been very strict to Pakistan in terms of providing its market for Pakistani goods.

India had given MFN status to Pakistan as soon as WTO (World Trade Organization) replaced GATT (General Agreement on Tariffs and Trade) in 1995. The MFN rule requires that a WTO member must apply the same conditions on all trade with other WTO members, i.e. a WTO member has to grant the most favorable conditions under which it allows trade in a certain product type to all other WTO members. “Grant someone a special favour and you have to do the same for all other WTO members.”

Even after India giving MFN status to Pakistan, India’s non-tariff barriers, technical, security and custom standards were so strict that Pakistan couldn’t make most out of it. Pakistan on the other hand, which has comparatively less stricter standards, fear that Indian products will burgeon in their markets challenging their local industries if such status is given to India. 

India has complex trade barriers not only for export to India, but also for import from India. Dr. Ashfaq Hassan, Dean of NUST Business School, Pakistan shared his experience when Pakistan imported live animals from India during the shortage of meat in the country. He mentioned that custom office had problem because the animals were not vaccinated, and they had to take the animals all the way back to Delhi to get them vaccinated.

However, Federal Secretary Commerce, Zafar Mehmood, who believes that trade should normalize between the two countries,  maintains that India and Pakistan were trading normally between 1947 to 1965, and Pakistan’s export to India was quite high in number compared to India’s export to Pakistan. Regarding non tariff barriers imposed by India, he said they have been working with Indian establishment and Indian commerce minister to sort out all the issues and doubts which can later be problematic for either Pakistan or India.

To make things easy for Pakistani exporters and to make them understand about Indian custom regulation, Pakistan invited Indian trade regulator officers to give presentation to Pakistani exporters in Lahore and Karachi. Pakistan is also interested in signing three agreements with India, which stress on the delay in customs in India, discrimination in evaluation of Pakistani goods in customs, resolving disputes of exporters/importers, recognition of Pakistan’s internationally credited laboratory and standards institute in India.

One of the most important thing that Pakistan will gain from giving India the MFN status will be reduced importing costs of machinery and machine parts, for example parts of textile machines, rail wheel, sugar mill machinery, and electric power generation machinery, etc which India produces on par or even better than international level. These machinery when Pakistan imports from other countries, often “Made in India” equipment items end up arriving on Pakistani ports. These parts are then not allowed to pass the Pakistani customs. 

This complexity in trade between India and Pakistan has helped trade mafias whose job is to order parts from India in Dubai or Singapore and then remove “Made in India” markings to sell it to Pakistan on higher rates, causing loss to Pakistan’s industries. If trade is normalized between the countries, Pakistan will not only save the transportation cost but will also get rid of these trade mafias who sell the same thing for higher rates.

Moreover, Pakistan’s textile and textile finishing has high appreciation in India and India is considered as great market for textile industry of Pakistan because of the high quality and similar traditions. Another industry which will gain from giving MFN status to India is Pakistan’s Cement industry. Pakistan produces high quality cement in surplus, that is more than what Pakistan needs. Also, while approximate cost of one bag of cement in Lahore is 100 Rupees, the same bag twenty Kilometres across the border in India costs 500 Rupees, this price difference can be utilized by the Pakistani industries for their benefit.

Various analysts in Pakistan believe that Pakistan’s bank sector also has a good opportunity in India. India is believed to be a major market for banks. Many analysts stressed on the fact that international banks are earning more profit from India than from Pakistan.

Pakistan’s restricted trade with India is an international obligation which has to be resolved, there is also a huge number of population (nearly 50%) in Pakistan’s north eastern and eastern areas which borders with India, this population will gain a lot if trade is normalized. These are some of the main reasons why Pakistan government should consider granting India MFN status.

The two countries share almost similar culture, similar dressing style, similar food and similar language, thus there is a huge opportunity for trade among the two. While India is a powerful economy which can threaten Pakistan’s local industry, Pakistan should not forget that India is also a huge market of one billion people from which Pakistani industries can make huge profit.

Sanskar Shrivastava is the founder of international students' journal, The World Reporter. Passionate about dynamic occurrence in geopolitics, Sanskar has been studying and analyzing geopolitcal events from early life. At present, Sanskar is a student at the Russian Centre of Science and Culture and will be moving to Duke University.

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How to make money online with guest blogging

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Marketing business work

If you are one of those that want to find ways to make extra income online and also have a blog then this article could be for you. We will talk about guest blogging and how it could potentially be a source of income for yourself.

What is guest blogging?

We must start by saying that guest blogging is a very useful tool for that is trending at the present time, a tool who can enhance one’s reputation. We must look at the issue from two different perspectives:

Firstly, you might be at the beginning with blogging, you have a small audience and would like to expand and reach a higher number of people. In this situation, guest blogging would be useful, since you go and search for other websites that allow guest posting. By publishing one or several guest posts on other websites, you might grow in popularity and eventually grow your audience.                 

–        Secondly, you might be someone who had already built a blog that is successful and you could allow other people who want to grow their pages by letting them post materials on your website.  

How can you generate income?

In the first situation, we assume that you are wanting to build a blog in such a way that you will be able to advertise products or services, while also providing valuable information for your audience. If that’s the case, guest blogging (or posting some original materials on other blogs) will help you increase the traffic on your page and it could eventually lead to some of the people buying the products or services that you are advertising.        

In the second scenario, by letting other aspiring bloggers post content on your blog, you will generate income by charging them a fee for each material they have posted. Also, you won’t have to dedicate so much time in writing articles.          

As you can see, there’s marketing involved, if you want to generate income with guest blogging. Platforms like Clicksdealer.com, affiliate marketing companies like ClickBank, and many others are active companies in the online marketing field, and you could use some of them in order to generate income online.  

This is not a get-rich-quick scheme or something like that, and it should be treated like a business that takes study, time, work, and perseverance in order to succeed at. If you think it is something that relates to you, you should begin to study in depth the field and most importantly – take action.      

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Enjoy a VIP Night in World’s Best Cities

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VIP night in London Barcelone MArbella ibiza

Go partying can become a routine if you don’t attend to special and outstanding clubs in world’s best cities recognized for their nightlife. So now we are going to talk about the best clubs where you can book and enjoy VIP areas and tables to avoid the crowds on the dance floors but, at the same time, be able to enjoy the music of the best DJs, the company of your friends and the exclusive drink service without waiting at the bar. Let’s take a look at the best cities to going out and their best nightclubs.

London

The United Kingdom’s capital has a large selection of the best and most exclusive and luxury nightclubs in the world. We are talking about Cirque Le Soir, Tape, Drama, The Box, Libertine, Cuckoo, Toy Room, Scandal, Reign, Charlie, Maddox and Mahiki Kensington. In addition, there is the possibility to book London Vip Tables in these clubs and enjoy the best night of your lives. Prices are around £1000 for 10 guests, and the service includes VIP access, bottle spend included in the minimum, designated hostess service for the duration of the party and a personal concierge, so we encourage you to treat yourselves one night.

Barcelona

What can we say about Barcelona? Without any doubt, one of the best cities in the world, if not the best, to go out at night and people are very cheerful. There are hundreds of clubs, but if we have made an exclusive selection, we choose Opium, Bling Bling, Pacha, Eclipse Hotel W, Otto Zutz, Catwalk, Shoko, CDLC, Café del Mar and Hyde. Of course, all of them have a Barcelona Vip Tables booking service where you can enjoy a special area for you and your friends and make that night something unique. Prices range between €250 and €1200 for 5 guests, depending on whether the table is (first, second or third row). The service include fast track entry, bar spend as per minimum spend included, designated hostess service and a personal concierge, so, it’s worth it!

Marbella

Marbella! The jewel of La Costa del Sol, near Malaga, one of the most beautiful areas in southern Spain. We can only imagine a fantastic night strolling through its beaches, marinas and, of course, dancing in its most exclusive nightclubs where the jet set meets every season of the year, not only in summer. If you are looking for the best clubs in Marbella, here you have them: Olivia Varele, Starlite, Aqwa Mist, Tibu, Mirage, News Cafe, Funky Buddha, Nikki Beach, Opium Beach, Nao, Plaza Beach and Sisu. The Marbella Vip Tables cost about €850 and €2500 for 10 guests depending on the club you choose and the services included, which can vary a lot. This is real luxury!

Ibiza

We leave the jackpot to the end: Ibiza! No matter which club you choose: Pacha, Ushuaïa, Amnesia, Hï Ibiza, Privilege, Ocean Beach, Es Paradis, Lío Ibiza, Destino Ibiza or Blue Marlin. You can book Ibiza Vip Tables from € 250 per person and you will live an unforgettable night in the best party island in the Mediterranean.

Have we convinced you to spend a VIP night in London, Barcelona, Marbella or Ibiza? Think of your birthday party, a bachelor or bachelorette party or a special anniversary and we are sure that the answer will be an emphatic YES!

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ISO 9001, the QUALITY MANAGEMENT SYSTEM that will boost your company’s benefits

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Many organizations establish their Quality Management System (QMS) based on the requirements of ISO 9001: 2015. The benefits and advantages of implementing ISO 9001 extend to several areas of the business. Of course, visibility and expansion in the market are among the most mentioned. In this article, we look at why ISO 9001 can be a big boost to any business and best way to ensure continual improvement.

What is ISO 9001?

iso 9001

ISO 9001 is a system that is designed to make business owners and managers feel more in control of their businesses through a series of efficient systems and processes. It is a way to align the objectives of the company and the ideas of the employees in favour of the organization. By implementing the standard, the organization shows the employee that they should think about the future, that the market is changing and that suggestions are always required that lead to improvement.

ISO 9001 is systematic and process driven approach to managing your businesses’ day to day activities.  It is designed to support your business in ensuring that you meet the needs of your customers, whilst delivering a consistent level of quality and satisfaction. The areas that are covered within ISO 9001 include customer satisfaction, training records for staff, preferred supplier lists, contract reviews, quality objectives, management Review meetings, evidence of Monitoring and Measuring and non-conformance register.

Who is ISO 9001 for?

ISO 9001 is a certification that can be achieved by any business, of any size, in any sector.  Traditionally ISO 9001 has been seen as a quality management standard for the manufacturing sector.  However, ISO Quality Services Limited have helped implement ISO 9001 into many other sectors including:

  •     Business services sector, including accountants, solicitors and business consultancies;
  •     Waste and cleaning companies;
  •     IT and creative businesses;
  •     Charities and care homes;
  •     Construction companies;
  •     Automotive and transport companies; and
  •     The hospitality and retail sector.

If you run a business in any of these fields and improvement is high on your agenda for 2018, but you are not sure how to get started, there are consulting companies which offer trainings on the topic such as the Mexican firm SPC Consulting Group.

What are ISO 9001 benefits?

Thanks to the improvement in quality management, the ISO 9001 certification, brings a new image to the market. This shows that the organization cares about the way it is seen by its clients. The certification shows them that quality is what your business aims to, that the company wants to keep improving and that you are open to new opportunities and partnerships.

Of course, the main players in the markets are more receptive to the business that have the certification –in certain industries, it may even prevent those who do not have it from even participating, indeed.

Long and short term benefits

In the short term, obtaining ISO 9001 certification provides improvements in internal business processes by reducing rework and waste and increasing the quality of products. The savings generated can be invested in the development of new products, staff training, structural reforms of the facilities, etc.

In the long term, it is common to check the increase in income of the organization, as customers become loyal and satisfied, which leads to the arrival of new business partners. This is one of the main benefits and advantages of implementing ISO 9001. The organization stops focusing its attention on the product and orientates it towards the client. Therefore, the first step is to know in depth what motivates them, what are their values, their expectations, their lifestyle, their behaviour, their opinions, and so on. With this information, we can understand our customer as a whole and seek their satisfaction, and how to create value for them.

General benefits

In addition to all of that, there are a number of benefits that the ISO 9001 QMS standard has on offer to an organisation.  First of all, ISO 9001 means and improvement in an organisations business performance with better cost management, which results in a rise in productivity a revenue –as a result of Integration and alignment of an organisations internal processes. A reduction in costs and shorter cycle times through an effective use of available resources will enhance customer satisfaction and loyalty, meaning an increased possibility of repeat business, and it will also provide a confidence to possible interested parties/customers as to the effectiveness, consistency and efficiency of the organisation. And all of this will lead to an improvement in an organisations planning, communications & administration processes; an increase in an organisations credibility & competitiveness within its market; and finally, an Increase in revenue & market share on the back of fast responses to market opportunities.

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