Preview

Caravan in Motion: Indo-Pak Trade

Good Essays
Open Document
Open Document
8398 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Caravan in Motion: Indo-Pak Trade
Caravan in Motion: Indo-Pak Trade

Majyd Aziz

Preamble:

26 November 2008: Ajmal Kasab goes on a rampage and by the time the guns go off, 257 people lose their lives in and around Taj Mahal Palace Hotel in Mumbai. Probably every Pakistani became persona non grata in this landmark hotel.
26 September 2011: 70 Pakistani businessmen led by Commerce Minister, Makhdoom Amin Fahim accompanied by a team of government officials arrive on a historic visit to India. They are transported to this very Hotel where charming ladies, clad in colorful saris, welcome them with a captivating smile, a cool beverage, and an aromatic garland.

This symbolism of positive change is awesome. Three years ago, the two nations were on a high alert, ready to settle scores once and for all. And now, in less than three years, the hotel personnel accorded amazing hospitality and bent backwards to make the delegation’s stay a memorable one.

It is in continuation of this feel-good environment that Mr Anand Sharma, the Indian Commerce Minister, invited his Pakistani counterpart, Makhdoom Amin Fahim, to Mumbai and New Delhi with a vision to upgrade the present status of trade and investment. Pakistan’s Commerce Minister while accepting this historic invitation conveyed the message that he wanted a strong delegation of Pakistani businessmen to accompany him as the new thinking in Islamabad is to involve the private sector in crucial decision making process.

When PIA flight PK 278 left Karachi for a short flight to Mumbai, the delegation was optimistic but there was this uneasiness that it might just be a goodwill tour, even though it was after 35 years that a Commerce Minister led such a delegation, and that the road towards liberalization of bilateral trade and investment was still meandering, was full of potholes, and there were many blind spots ahead. But there was a ray of hope.

Paradigm Shift:

This first ray of hope in the long drawn process of normalization and progress of

You May Also Find These Documents Helpful

  • Good Essays

    Post 2014 Afghanistan

    • 721 Words
    • 3 Pages

    The writer was Pakistan’s ambassador to the EU from 2002-2004 and to the US in 1999 tariq.fatemi@tribune.com.pk…

    • 721 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    This work includes two newspaper articles. Article one is called “Pakistan’s alternative tourism industry” by Shyema Sajjad (Pakistani perspective) and article two is named as “CIA Contractor Raymond Davis is Free—Now Is the Time to Reconsider Our Support for Pakistan’s Government” by Christian Whiton (American perspective).…

    • 2768 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    Indian Trade

    • 320 Words
    • 2 Pages

    In the period between 650 C.E. and 1750 C.E., the Indian Ocean region endured both change and continuity. One continuity is simply trade, for this 1,100 years the Indian Ocean was an important trading zone. One change in Indian Ocean trade over those years was which country dominated trade there. Over those years the Indian Ocean was controlled by the Indians, the Arabs, the Chinese, and last but not least the Europeans. There was continuity and change in trade in the Indian Ocean over the aforementioned years.…

    • 320 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Caravan trade was vital to the success of interregional trade routes such as the Trans-Saharan and Silk Road networks. They aided in transportation and mobility and served as vessels for the spread of ideals, commodities and technology. They adapted well into climates and terrain throughout Afro-Eurasia, becoming major conduits for long distance trade. “The domestication of camels around 1000 BC helped encourage trade routes over land, called caravans, and linked India with the Mediterranean” Trade was limited before the domestication of animals such as the camel. It was much harder to get from place to place without their assistance and as a result very little interregional trade occurred. Travelling merchants could not transport many heavy…

    • 152 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The Taj Mahal palace was under siege of a terrorist attack on the ill-fateful eve of 26th December 2008. The rampage that went on for a period of four days claimed as many as 160 lives, both Indian and foreigners. The attack exposed India’s vulnerability to terrorism. Taj Mumbai that stayed ablaze for almost two days and three nights now stands symbolic of the tragic events of that day.…

    • 1099 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Mumbai Taj Hotel Attack

    • 656 Words
    • 3 Pages

    Ajmal Kasab,[14] the only attacker who was captured alive, disclosed that the attackers were members of Lashkar-e-Taiba, the Pakistan-based militant organisation, considered a terrorist organisation by India, Pakistan, the United States, the United Kingdom, and the United Nations,[15] among others.[16] The Indian government said that the attackers came from Pakistan, and their controllers were in Pakistan.[17] On 7 January 2009,[18] Pakistan's Information Minister Sherry Rehman officially accepted Ajmal Kasab's nationality as Pakistani.[19] On 12 February 2009, Pakistan's Interior Minister Rehman Malik asserted that parts of the attack had been planned in Pakistan.[20] A trial court on 6 May 2010 sentenced Ajmal Kasab to death on five counts.…

    • 656 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    India's Foreign Trade

    • 2520 Words
    • 11 Pages

    The trade activity with other countries on globe is known as Foreign Trade. It is directly related to export-import of a country with other countries. The foreign trade of India was very well developed during ancient history. The orientation of foreign trade of India totally changed with advent of British Empire in India. Immediately after independence GOI adopted inward looking foreign trade policy to restrict global trade but picture has been changed with new economic policy of the country which emphasized on globalization. In 1950, the Indian Share in total world trade was just 1.78% which further decreased to 0.6% in 1995. The foreign trade of India is going upwards and it is expected to be 2% of total world trade by 2009 [As per figure released by WTO]. These figures clearly shows that India has failed to increase its share in the total world trade…

    • 2520 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Crisis in Pakistan of Pia

    • 1839 Words
    • 8 Pages

    This research is done to identify the reasons for the crisis of the PIA. An airline which was once the pride of Pakistan and the favorite of expatriates all over Europe has today been placed under scrutiny. The research is also been done to create awareness among the nation to retrieve its lost status. This report also reveals the reasons which caused the organization heavy losses.…

    • 1839 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    India's Foreign Trade V2

    • 7185 Words
    • 29 Pages

    India has always been a country with bountiful riches. This has been one of the main factors that first attracted Invaders in the ancient ages. Soon, word spread of the superior quality of our trade, leading to further trade between countries. Documentation exists of products of Indian origin in ancient Rome, Egypt and Persia…

    • 7185 Words
    • 29 Pages
    Powerful Essays
  • Powerful Essays

    The national carrier, PIA, will be privatised – reflecting the fact that, over the years, governments failed to control its decline. It has been losing Rs3.3 billion a month and the government’s hope is that the losses will be stemmed by handing over 26 percent of the shares and management control to a private entity. To make this a viable option, Prime Minister Nawaz Sharif has directed the PIA management to undertake a cleanup task so that buyers would step forward. It must be noted that airlines around the world are losing money right now because of the high international price of oil. On top of that PIA has additional issues like maintaining the highest ratio of employees to aircraft of any airline in the world. In this climate there may not be many buyers forthcoming unless they are provided all kinds of benefits and assurances. Previous administrations, like that of Pervez Musharraf, tried to sell off PIA and found there were no takers. Given the scandals that stemmed from past privatisation exercises, it is a good sign that the PM has stressed transparency and openness in the conduct of the process. This should be a priority and we hope the mechanism that is worked out will ensure this. The last thing we need is any allegations of wrongdoing or favouritism. Indeed from this point on the affairs of PIA need to be closely watched so that the path leading up to the selling of shares is not riddled with controversy or doubt. If the most likely purchasers emerge from the ruling party or their tycoon friends a disaster could be in the making. If somehow a monopoly occurs over air travel in the country, it would reek of political favouritism and patronage rather than doing what is in the best interests of consumers. The higher courts may eventually again be dragged in.…

    • 1878 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Pia Crisis

    • 986 Words
    • 4 Pages

    PIA is facing serious problems. The major problems faced by PIA are increase in oil prices, overstaffing, devaluation of local currency, political interference and its weak financial position since the last decade. PIA has suffered huge loss of more than 64 billion rupees from 2005 to 2008. It has also suffered huge losses in 2009 and 2010 particularly due to increase in the price of the fuel and devaluation of Pakistani rupee. It is, now, just like a white elephant. The bad governance, poor performance and corruption are the major causes of its failure. The Pakistan International Airlines is a big organisation with more than 18000 employees. PIA was known all over the world for its excellent performance and superior quality. That…

    • 986 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    • Boston Analytics (BA) is headquartered in Boston, MA with the majority of its staff located in India • BA provides fully customized research and analysis to corporations, financial institutions, corporations, government agencies and professional services firms • We serve clients located around the world and study markets around the world • BA services can be segmented into three areas:…

    • 560 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    India’s Export-Import

    • 11586 Words
    • 47 Pages

    This unit helps you to understand: what is trade policy; kinds of trade policy; phases of liberalisation in trade policies in the process of economic development; trends in India’s exim policies; salient features of India’s import regime during 1950-91; characteristics of India’s export promotion policies; and India’s Trade Policy reforms in the 90s.…

    • 11586 Words
    • 47 Pages
    Powerful Essays
  • Powerful Essays

    TAJ Group of Hotels

    • 5319 Words
    • 29 Pages

    For more than 100 years, we have acquainted guests with the living heritage of India - and a legendary experience in hospitality.…

    • 5319 Words
    • 29 Pages
    Powerful Essays
  • Powerful Essays

    Taj Case Study

    • 5210 Words
    • 21 Pages

    For more than 100 years, we have acquainted guests with the living heritage of India - and a legendary experience in hospitality.…

    • 5210 Words
    • 21 Pages
    Powerful Essays

Related Topics