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MFN status to India endangers Pakistan's economy

Discussion in 'Pakistan Economy' started by Omar1984, Nov 25, 2011.

  1. Omar1984

    Omar1984 ELITE MEMBER

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    MFN status to India may endanger Pakistan economy

    LAHORE: Speakers at Punjab University seminar on opening trade with India warned that by awarding India most favoured nation (MFN) status in haste and without the approval of the parliament, the government would endanger Pakistan’s economy, culture and traditions according to a press release issued here on Thursday.

    The speakers said the bureaucracy is creating a bogey of consumerism and consumer interest, which is a fake argument as India still provides subsidy to its industries while any country under WTO providing subsidy, cannot be given MFN status.

    They pointed out that India ‘officially’ opened its markets for Pakistan in 1996 by granting it MFN status, however, its peculiar Pakistan specific import tariffs and trade barriers restricted Pakistani exports to very low levels.

    “Now we would open our markets for India if we pride it with MFN status,” said Javed adding that with liberal import policy, Indian goods would flood markets without corresponding increase in exports.

    He said that it is very unfortunate, the government policies do not match the national interest, which is creating chaos and panic among the masses. He urged the people and media to play their due role in bringing positive change in the country.

    Chairman PAAPAM, Syed Nabeel Hashmi, said that Pakistani bureaucracy is making important economic decisions in haste. Commerce Secretary, Zafar Mahmood, is consoling Pakistani manufacturers that he will put many industries in Negative List, but on the other hand, in his visit to India he said that the Negative List will be valid for a year only.

    He said that the government is making Pakistan a trading economy at the cost of revenue-generating local industries. Nabeel suggested that in the first phase, the trade with India should be initiated with the import of raw materials, machinery and equipments, moulds and dies etc. Further, allow transfer of technology through Joint Venture and Technical Assistance Agreements and thus make Pakistani auto industry competitive.

    Chairman Agri forum Ibrahim Mughal said that it is very unfortunate that Pakistani delegations have always failed to safeguard the interest of Pakistan, whereas they have advocated the Indian interests. He said that India through a systematic approach would supply agricultural products at highly competitive prices leaving Pakistani farmers with no choice but to head for cities to start trade instead of farming.

    After a few years, he said, only the Indian businesses capturing the agricultural market will rule the roost and will dictate their terms and only then Pakistani public will understand the conspiracy behind MFN.





    Daily Times - Leading News Resource of Pakistan
     
  2. BATMAN

    BATMAN ELITE MEMBER

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    Any one who oppose the MFN and transit aid to bharat is Taliban..........

    This is Bharti plan to counter the opposition to Pakistani aid to bharatis.
     
  3. Mech

    Mech BANNED

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    Pakistani aid?! The trade relations are skewed hugely in our favour. If anything, we are giving ordinary pakistanis freedom and respite from fake Chinese goods flooding your market.
     
  4. jayron

    jayron SENIOR MEMBER

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    That's a lie.. India has no Pakistan specific tariffs. These lies are for local consumption to mask their incompetence.
     
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  5. mahabharath

    mahabharath FULL MEMBER

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    I don't know which quality products they have to compete with Indian products!!!! just sheer lying and incompetence.
     
  6. American Pakistani

    American Pakistani ELITE MEMBER

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    Pakistan should allow those Indian companies in which Pakistan is weak itself and that also if they are establishing their units in Pakistan.

    But Pakistanis can't expect anything from PPP govt it is ghaddari govt who wants to buy even electricity from India. No one questions them that when Pakistan have capacity of generating 50000MW just from hydro power means so why are they not generating it, why they want to make Pakistan more & more depandant on India. Why they wanna give India ability to launch electricity terrorism just like water terrorism.

    It is frustration to see Army too shutting its mouths & sitting idle & judiciary. Will they wake when India will start troubling them with electricity just like water? Pakistanis should come out & protest until ghaddari takes its unpopular & anti Pakistan decisions back.
     
  7. true_indian

    true_indian BANNED

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    I hope Pakistan will open up its auto sector. Pakistani bike manufacturers are dreading of that day.
     
  8. American Pakistani

    American Pakistani ELITE MEMBER

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    Keep dreaming.
     
  9. Vibs

    Vibs FULL MEMBER

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    Water is an issue between almost every country in the developing world. Just because India and Pakistan have been traditionally rivals, this issue has been blown out of proportions. The Indo-pakistan dispute resolving mechanism on water issues is better than most 2 countries in the world.
    Sharing an electrical grid were the first signs of the union of the EU despite traditional rivalry among a lot of member nations. Hope you see the positive in this deal rather than focus on the potential (not to mention imaginary) negatives.
     
  10. OrionHunter

    OrionHunter ELITE MEMBER

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    Stop spitting nonsense for a change when you know squat about the economics of granting MFN status to India and what it actually means for Pakistan.

    Seems you know more than the Pakistani industrialists and businessmen who are upbeat at the prospect of granting the MFN status to India because of its enormous benefits not only to the Industry but to Pakistan as a whole. Or perhaps they should take your expert advice or from a person like you who doesn't know the ABC of economics.

    Here's a document I suggest you read before shooting from your hip:

    Pakistani businessmen upbeat on India getting MFN status - Business Today
     
  11. BATMAN

    BATMAN ELITE MEMBER

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    Not asingle industrialist and common Pakistani support aid to bharat under the guise of MFN.

    Only bharti ambassador is collecting importers and offering them hidden dumps of already smuggled stuff.

    Obviously it is win win situation for both parties.
     
  12. American Pakistani

    American Pakistani ELITE MEMBER

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    That is Europe, here everyone has seen how India stops water of Pakistan & now this corrupt ghaddari regime wants Pakistan tobe dependant for electricity too, and that too from India, hell no, never. Pakistan must not allow it at all. Pakistan has current capacity of generating 50000 just from hydro power & out of that only 7000 is been generated, need to fix that & generate electricity from there instead of buying from India.
     
  13. luckyyy

    luckyyy SENIOR MEMBER

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    not everything is allowed in the MFN...
    only few selected pharma products and taxtile industry related chemicals....

    anyway ,MFN is not a boundation on comman pakistani to buy indian products...
     
  14. Vibs

    Vibs FULL MEMBER

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    England and France were sworn enemies for 400 years. As were the English and the Spanish. Throw in Portugal, Italy and Germany and you had a mess that makes the Indo-Pakistani conflict look like child's play.

    The water issue you speak of exists only as a tool for politicians to play the citizens. Read this neutral report.
    India and Pakistan at Odds Over Shrinking Indus River


    In the past few months, however, the situation has improved, according to Kugelman. "We've been hearing nearly unprecedented statements from very high-level Pakistani officials who have essentially acknowledged that India is not stealing Pakistan's water, and that Pakistan's water problems are essentially a function of internal mismanagement issues," he said. Militants are still griping, he said, "but not as shrilly."

    This may be because the two countries are cooperating on water and other issues better than before, and because militants are now focusing less on their archenemy in India and more on coalition forces in Afghanistan.

    "But I imagine this is momentary," said Kugelman. "The facts on the ground—the water constraints in both India and Pakistan—have not abated. They're both still very serious and getting worse."

    What's needed, he says, is more conservation and adaptation—a smarter way of doing business.
     
  15. mahabharath

    mahabharath FULL MEMBER

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    What? What is this guy saying other than indoctrinated hatred? Can any sane Pakistani (other than this batman kind of's) explain what he meant and how it makes sense?

    Please!!! :what: