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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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5 Mistakes to Avoid While Buying Study Tables Online

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Study tables are a necessity in almost every household, office space, public places, etc., where one might just like to relax and read or avidly work on a given project or assignment. Let’s face it, completing tasks within a given deadline is a lot more distracting without a study table present. Sitting for hours on the bed with your laptop on your thighs or reading books casually might lead to back injuries and eyesight complications in the future. Hence it is best to have a proper study table to complete all your tasks and have a comfortable experience. These days, almost all customers have shifted to purchasing study tables online instead of going to stores because it saves a lot of time and money. However, while purchasing furniture online, there are a few mistakes which all buyers must avoid in order to invest correctly and have a commendable consumer experience:-

  1. Ignoring the brand name and price value:– It is really easy to go for furniture which is cheap and the description on the products is very promising. However, do not be fooled by such elevated claims these unknown brands make, because in their mission to sell duplicates of popular brands, they will create a divine image about their product and will rob you off your money. To be on the safe side, it is important to visit sites which are popular and there is good feedback about the purchases made. Try purchasing from brands which have both online stores and shops in the city. Better be safe than sorry.
  2. Impulsive purchasing:- Decisions made on an impulse almost never favour a person’s luck. While purchasing study tables, it is important to consider all possible loopholes that might be associated with it. Take your time to think and make a choice which will complement the area surrounding the study table and also will be durable. Don’t make an investment blunder.
  3. Ignoring the compatibility:– If you want to buy coffee table online or a study table, the surroundings it is going to be placed in must be carefully estimated. For instance, taking proper measurements of the area in which the table will be placed as well as the measurement of the door through which the product will be brought in must be accurate. It is suggested that you find a delivery service which places the table in its right place to avoid future complications.
  4. Not settling the place prior to the arrival of the table:– It is imperative that the necessary documents, books, copies, electronic devices, decor, etc., must be assembled in order prior to the arrival of the study table. That way, a lot of time will be saved and the table will be ready to use sooner. Keep a tab on the return policy from the brand you are ordering your study table from.
  5. Not surfing varieties:- Another major mistake buyers commit is not viewing varieties prior to purchasing a study table. It is more feasible if you surf through the different styles and varieties that these study tables are available in before impulsively investing in one. There are several styles that might suit your preferences like a bed study table, height adjusting table, a study table that can be folded and a light and shade one.

So if you are planning on purchasing a study table or a coffee table online, make sure to avoid these common mistakes to make a sound investment on your purchase and have a pleasant consumer experience.

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The Importance and Usefulness of Medical Posters in Research

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The results of scientific work and research projects in the medical field can be disclosed in a variety of ways. Along with the scientific article and the oral presentation, medical poster presentations are one of the most important and most common communication formats among researchers in the medical field.  The medical poster is a graphic summary of a previous research whose composition consists of a short title; an introduction to the hypothesis: an overview of the experimental approach; the most interesting results, and a discussion about the results obtained. It is also important to include a list of the relevant articles used during  research. And, when there is still room available, it is worth to mention the persons or institutions that have contributed to the work by giving funding or technical assistance.  

Why are medical poster presentations relevant?

Medical posters are an alternative to oral presentations because they offer the opportunity to present research projects or papers that cannot be presented orally for various reasons – for example, if the author resides in a country other than that of the conference venue. Plus, they help to achieve the ultimate goal of all communication in a scientific congress: the transmission of a message by the author and its capture by the audience. This is possible because medical posters allow the attendees to analyze research results at a speed that matches their knowledge and skills, and also because it is easier to remember images – especially if you have time to look at them carefully – than to remember the content of an oral presentation.

In the medical field, posters are a form of communication with great potential because they enable the concise, clear and permanent transmission of their content, without the time restrictions imposed by oral conferences. Medical posters offer the possibility of establishing direct communication with the author(s) of the poster promotes the one-to-one exchange of opinions with a tranquillity that is difficult to achieve in the context of a large-scale conference. E- poster platforms such as https://www.postersessiononline.com/ have virtual galleries where the delegates have access to all the posters and they can interact in the same way they did during the congress, contacting the author, downloading the poster and even starting a discussion in the forum.

On the other hand, an additional advantage of medical posters is that the author does not have to prove his erudition and the presentation does not become a difficult oral examination, which is especially important when research is presented in a language other than mother tongue. It also allows doctors who find it difficult to overcome the pressure of an oral presentation to expose the results of their work.

How is the ideal medical poster?

The design of the poster is important both to attract the interest of people who visit the room where the poster is displayed and to comprehend in a very short time the most relevant aspects of our work. The reading of the poster -and the subsequent understanding of the content should take less than 10 minutes. A poster must be visually attractive and that is why it is important not only to know how to combine colors, letters, images and graphics, but also that it does not contain too much written information: the maximum recommended is 800 words. Therefore, the information should be synthesized so that, in a few minutes, the attendees have a clear idea of the objective and result of the research that they are reading. In this regard, a well-designed medical poster must satisfy the following criteria: Visual appeal, personality, aesthetic balance, clarity in the explanation of ideas, quick understanding of the hierarchy and distribution of the parts, synthesis and rigor.

You also have to take into account the font and size that is used, as some are too complicated to read. Times New Roman, for example, is often used in written texts but is not suitable for a poster as it is difficult to see and read from a distance. The color chosen for our poster is also important. Do not use colours that are too light on a light background or dark colours on a dark background. It is also advisable to avoid loud colours. Another common mistake is to plague the poster with too much information. Don’t forget that the medical poster is not an article in large print. Try to reduce the text and use more graphic resources such as tables, figures or images.

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Karatbars Becomes One of “10 Blockchain Companies To Watch In 2019” according to Forbes

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Stuttgart, June 06, 2019 –   America’s most prominent business magazine Forbes places The Karatbars group around Dr. h.c. Harald Seiz in a new list of the  “10 Blockchain Companies To Watch In 2019“. Joresa Bount’s article presents a “deeper look at the technologies, founders, and companies that are emerging in the industry (…) The teams of these innovative blockchain startups are global, cutting-edge, and typically include early blockchain adopters as founders.”

Ms. Bount asserts that “This list showcases 10 companies working to make blockchain more accessible, prominent and mainstream. (…) Each offers something unique with the potential to disrupt traditional industries as well as gain support from legitimate entities.”

“Based in Germany, Karatbars International GmbH is the developer of KaratGold Coin and a robust gold-linked ecosystem of cross-border blockchain solutions. Their latest product, the IMpulse K1 Smartphone, is the first phone using Voice Over Blockchain Protocol (VOPB). Currently, KaratGold allows consumers to trade or purchase gold on more than 500,000 acceptance points worldwide. With all of the recent talk about Bitcoin versus gold, this company provides the best of both worlds,” the article says.

Karatbars CEO and Founder, Dr. h.c. Harald Seiz states that “the Forbes contribution and inclusion in such a list is a great honor for us. The article shows the full diversity of the blockchain universe – and we are proud to be listed in this series due to our two crypto-currency innovations, including a link to gold, and the blockchain smartphone IMpulse K1.” “Cryptocurrencies and blockchain are on everyone’s lips. But cryptocurrencies are not only relevant as an investment object, the underlying blockchain can revolutionize all our workflows and business processes – even outside of finance. That’s what we and the other nine companies exposed by Forbes are working on every day,” he continues.

“In order to strengthen our marketing activities in this area, we have now entered into a cooperation with the most well-known crypto-influencer, John McAfee. Hardly anyone else covers the market as well – and critically – as he does and so we are pleased about the collaboration on our cryptocurrency KaratGold Coin (KBC),” Seiz tells. “Warning: I work with this company. However, KBC coin is linked to gold in a way that downside is limited, while the upside is unlimited. (…) For me, it is simply a way to protect against the crypto markets’ volatility. I only work for companies I believe in,” McAfee shared on his Twitter.

More Information about Karatbars

Karat-Gold

Karatbars International GmbH was established in 2011 with its main office in Stuttgart. The CEO and founder Dr. h.c. Harald Seiz is active all around the world. He offers a vast number of goods and services around the real value gold and blockchain solutions. In fact, these are the distribution of small gold bars, cash gold – the substitute of conventional currencies – and two cryptocurrencies, the Karatgold Coin and KaratCoinBank Coin. In October 2019 Karatbars the Voice-Over-Blockchain Protocol Smartphone IMpulse K1-Phone will be launched. The device provides highly secure data transmission via blockchain and end-to-end encryption. The company is now the front runner at the market of innovative gold products.  It has more than 600 000 affiliates in more than 120 countries with the annual turnover reaching 100 million euros.

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