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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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Make the most of your money

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It is no secret that money moves the world, therefore we should always make sure our money is in the best hands. Thankfully, nowadays, we can access the best online financial services from the comfort of our own home. With just a few clicks, you too can start getting the best rentability from your money.

New investors for your construction projects

The construction sector has taken a big hit during the last years due to the multiple financial crisis we were forced to face. This sector creates millions of work positions every year, so getting the proper founding for any construction project is key before we start doing any work at all. 

Thankfully, there are groups of investors like CEMEX’s Corporate Venture Capital. As explained in their website https://www.cemexventures.com/, CEMEX Ventures is an investment group looking to invest in innovative construction startups. Counting with the help of CEMEX Ventures will not only bring your construction project a financial boost, but also will get you in contact with their team of experts to ensure that your construction project runs as smoothly as possible and does not encounter any problem at all. 

CEMEX Ventures is revolutionizing the construction sector one building project at a time, so do not miss your chance and apply to join the CEMEX Ventures family. 

Get loans when you need them the most

Life takes many turns, and sometimes, we find ourselves facing financial problems we did not plan for. For example, one day our car can break out of the blue, and we would find ourselves with a big expenditure to keep our means of transportation. That is when rapid loans come in handy. 

Applying for a loan is now easier than ever, all you need to do is visit comparator websites like Creditosrapidos10min. Creditosrapidos10min features information of a lot of rapid loans websites and all the information you would need if you decided to apply for one. On their website, you will be able to apply for loans of up to €60000 and get the money delivered to your bank account in just a few minutes. 

Websites like Creditosrapidos10min are the perfect tool to face those unexpected financial problems we could encounter. 

Leave your property on the best hands

Whether you live in a community of neighbours or own real estate, it is very important that your property is always managed by a team of experts. Problems do not stick to schedules or working hours, they can happen at any moment, and we need to make sure we count with the help of the right people to fix them. That is why it is recommended that every community of neighbours or real estate owners hire the help of an estate administrator Ciempozuelos.

Professional Estate Administrators are experts at managing everything related to our property, from hiring the maintenance staff, to write their pay cheques, hire security, etc. They also offer legal assistance and will solve any problem that could affect the installations, such as a pipe leak. 

Finally, getting rid of your debts

Debts are something that can easily pile up. Before we can notice it, we find ourselves facing more debts than we ever planned for and not knowing how we are going to afford to pay them back. In cases like this, you should always request the help of professionals like the team at Repagalia.

The team of experts at Repagalia will study your case and create a personalized plan for you to pay your debts, and after you give your approval, will administrate your money to ensure you stick to it. And if there is no way you can pay them, they will asesorate you in the second opportunity law, so you can cancel all your debts once and for all. 

So if you have any debts, do not look any further, the team of experts at Repagalia will help you get rid of them and no longer feel the debts constrain.

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Stay On Top Of Employee Management

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Company meeting

Employees are the most important asset of any organization and the main engine for its success, but to get the full potential out of employees it is important to know how to manage a team of employees. The desire for the employee to function at the highest level is in the common interest of both the employee and the management and not one good manager is measured by his ability to motivate the employees and get the most out of them. Quality employee management will reflect the human capital inherent in the employees of the organization or business, increase employee motivation, create mutual trust between employee and manager and employee to employee and motivate staff to share responsibility for achieving goals and results of each organization.

Setting realistic goals for employees

To be good managers you have to trust the abilities of your team members, take a step back, let them do the job even without your intervention. While it may sound tempting, and perhaps even logical, to lead the organization’s tasks and take care of optimal performance, a good manager should know how to stand aside sometimes, allow employees to achieve results on their own, and even even have difficulty and even fail sometimes.  Proper management does not set employees unrealistic goals, goals that are not achievable either objectively or subjectively according to the employee’s perception. The place in which  they work can affect their productivity. A good office space is vital. In this case, you should look at prestige serviced offices

Be a better manager with the help of proper communication with the staff

One way to build constructively and effectively is to provide feedback to the employee. Avoiding feedback impairs an employee’s ability to learn, progress and improve his or her functioning. In fact, even an informal dialogue between the manager and the employee will strengthen the relationship between the employee and the manager, provide him with indicators of success, give him test points for examining the individual and organizational functioning and contribute to the employee’s motivation.  

Management while providing personal attention and examining the potential of the employee

Although employee management does not require a degree in social work, it requires the manager to understand the needs and desires of the employee and to know that there is a person behind the employee. Personal treatment of the employee does not eliminate the needs and requirements of the organization and does not harm the status of the manager.

The opposite is true, managers who do not treat the employee as a number or as a “resource” increase their value to the employees and motivate them to improve in many parameters such as perseverance, identification, initiative, productivity and more. Managing a staff team means maximum utilization of the human resources available to the organization that are reflected, among other things, in the ability to see the employee’s abilities beyond the position and slot in which they are located. Non-limitation of the employee to the limits of his job definition will lead to the development of both the organization and the employee and better results for the organization.
In an age where the job that the employee now performs is not a lifelong career and many employees move from job to job and also from organization to organization sooner or later, the manager has the task of developing talented employees, promoting them within the organization and preventing them from leaving. Throughout the period of employment of the employee in the organization, it is important to educate them and allow them to “grow”. Delegating authority over employees and giving responsibility to employees are among the important tools that will create in every employee motivation, desire to succeed and a sense of partnership in the organization and practically will also make it easier for you as a manager to take responsibility and work.

HOW TO SAY “NO” TO AN EMPLOYEE  

Managing a staff requires knowing how to say no sometimes. Managing a staff is not only reflected in the projects you agree to carry out, but also in those you decide not to carry out. Before you decide to agree to any initiative of the staff, it is important to consider and make sure that the initiative meets the goals of the organization and benefits it. If you do not think so, do not fall into the trap of being nice and agreeing to everything, a good manager also knows when to say no, and you will also be surprised the staff will appreciate them for it as long as it is made as a matter-of-fact decision. 

Remember that employees are not perfect

An important part of any employee task management is knowing that no one is doing anything perfectly, especially for the first time. A professional manager does not insist on integrity, but gives his employees support and protection even when they are not doing a perfect job in the belief that in the future they will learn to perform the task in a better way. 

How to conduct team meetings 

Staff meetings in the office are a management tool, but also a tool that contributes to the formation of employees. In order for the team meeting not to be perceived as boring and inefficient it is important to know how to conduct a team meeting. Basically, each participant should be given the feeling that his or her voice is important and heard, given the opportunity to raise issues and ideas for discussion at the meeting, suggestions for improvement and streamlining, or to make complaints and requests. It is not always necessary to hold an office meeting, it is sometimes possible to go out to a quality restaurant. A pleasant staff meeting will contribute, among other things, to strengthening the connection between the employees and the management.

When the manager adopts actions and methods that will strengthen the employee’s relationship with the manager and the organization and increase their motivation, the employee’s absence is expected to be at least significantly.

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How Has Technology Changed Farming Over The Years?

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Technology has become a big thing in the world. No matter where you look, technology is everywhere and that isn’t going to be changing any time soon. We live in the age of tech, and if you can’t get behind it then you are going to be left behind while everyone else surges forward. This is exactly what has happened to the farming industry over recent years. Technology has made processes easier to complete, and generally made a positive impact on the industry as a whole. 

But. how has it done this? There are many different elements that make up farming, and tech has managed to ingrain itself in each and every one of them. 

Crop Genetics And Pest Management

While the idea of improving plant genetics isn’t new, it is made a lot easier by the development of technology in the field. Plant breeders have been working to improve germplasm to develop seeds that have the best mixture oc characteristics possible. As such, they can make sure they get the best yield when it comes to specific weather conditions and soil. It’s important to understand that the older methods are still used here, but they are also combined with a newer approach that involves the latest tech. 

Genetic engineering technology plays a huge part in this process, as it helps to improve a number of different things about the plant. By doing this, farmers are able to increase crop yields, making their farm more efficient. 

Mechanization

The new and improved farm equipment has had the most significant impact on the farming industry. It has drastically changed the way that farmers raise and care for their livestock, as well as growing plants. The heavy duty equipment such as tractors, combines, and planters all make their life a lot easier. If you need any old school products such as a G8P 12V 8 GPM Portable Fuel Transfer Pump then these are still available for farmers to purchase. It’s not to say that just because tech has come about it’s completely out with the old. 

The biggest benefit of mechanization is that farmers are now able to produce more from their farms with less labor. Saving farmers money, producing more to cater for the demand and all around making life much easier for those who are in this industry, tech has been a lifesaver in some ways. 

Specialization

When you think back to being a kid, do you remember the farms that you saw on TV? Well, that is how they used to be. There was a little bit of everything by way of animals, and certain crops were also grown depending on what kind of farm you had. With tech coming into the equation more and more, farms have become more specialized in recent years. 

When you visit a farm now, you are more likely to see one type of livestock being raised than a whole range of them. Back in the olden days, raising a range of different livestock was where the money was, but not anymore. Thanks to technology, focusing on one area rather than all of them is actually more profitable. It gives you the chance to acquire all of the tech that you need to focus on that one area, and it also means the farmer has more knowledge of it. Therefore, what is produced is a much higher quality than it would be otherwise. 

Livestock Genetics And Breeding

Humans have been domesticating animals for a long time now, and farmers used to select particular livestock, breeding them to adapt to certain conditions. Or, they would be bred with one purpose in mind: the end goal. The technology to aid this practice has come a long way in recent years, and now there are animal geneticists who work to identify the genes within animals and then enhance them for various reasons. 

Embryo transfer is gaining more and more popularity over recent years, especially in the dairy industry. This wouldn’t have been possible fifty year ago, and it is thanks to technology that it is possible now.

Now, you should understand a little more about how technology has changed farming over the years. There have been many changes to how farming used to be, ensuring that farmers can keep up with the rising demand from the market. Of course, it’s not easy to make all of these changes for farmers, especially the ones who have been used to doing things the old fashioned way. But, with technology at the forefront of almost everything that we do, it’s hardly surprising that it has made its way into the farming sector.

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