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Pakistan self inflicted trade wounds

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New Delhi: Even as Pakistan seeks a $6 billion bailout from the IMF for mere survival, it has decided to suspend trade relations with India in a move, which, ironically, will hurt Pakistan itself much more than it will hit India. Pakistan took this decision as retaliation to India revoking the provisions of Article 370 from the state of Jammu & Kashmir.

India is a self dependent country whereas Pakistan is living on the funds of IMF. Hence the one who will be suffering in the issue will be Pakistan and not India. It is like a suicide attempt of Pakistan which has been quite common in past few months. Pakistan is not able to control its own states and wants to intervene in Kashmir’s matter which is beyond its reach.

The share of Pakistan in India’s imports of these items is only 2-3 per cent. Pakistan’s decision will cut it off from the Indian market where it sells 1.86% of its total exports. However, the same makes very little difference to India as Pakistan accounts for a mere 0.6 per cent of India’s total annual exports, according to the Department of Commerce. India is in a trade surplus of $1.66 billion with Pakistan.

Pakistan took this decision as retaliation to India revoking the provisions of Article 370 from the state of Jammu & Kashmir. Pakistan depends on India to a large extent for its cotton imports. India accounts for more than one-third of Pakistan’s total cotton imports, which will soon stop due to its own move. Pakistan also depends on India for its organic chemicals imports. India accounts for around 12 per cent of Pakistan’s organic chemical imports. As far as India’s dependence on Pakistan is concerned, major items that India imports from Pakistan are salts, fruits, and nuts.

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Opportunity in disaster PM say but it come’s to true by Hriday Pai in Manguluru.

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While several businesses were hit due to the lockdown, new businesses were also established. The pandemic changed the life of Hriday Pai, who was all set to move to Canada and begin work there. Forced to stay back, and with his textile store closed, he decided to launch an organic outlet ‘My Brand’.
Hriday was feeling low when he realized that his Canada plan may not materialize.
His father Annu Mangalore said, “I told Hriday to work on a proposal. Along with other fruits and vegetables, we decided to brand jackfruit based on the colour—red, orange, and yellow—and to our surprise, the demand for red is high, and since the outlet’s launch on June 1, we have managed to sell about 10 tonnes of jackfruit. We also do doorstep delivery of ready-to-eat jackfruit bulbs that are hygienically packed, for which the demand is increasing.” Annu said that he plans to open 9 more stores by the end of this year. The fruit is sourced from Doddaballapur and Tumakuru.
Chandramouli Shenoy, proprietor, MVS Fruits, said, “I am a third generation fruit trader, and after an interaction with experts at ‘Halasu Mela,’ before the pandemic, I decided to introduce jackfruit at my store for the first time, two months ago. After the produce arrived, I shared it on WhatsApp, and to my surprise, I received nearly 100 calls. People wait for the stocks to arrive. People’s awareness about the fruit is also increasing,” he said. Shenoy has managed to sell 9 tonnes of jackfruit.
Mangaluru’s success in selling jackfruit during the Covid-19 crisis is a clear indication that there is a good demand for fruits, provided they are served hygienically. Probably, for the first time, doorstep delivery of jackfruit or only bulbs has been taken up, said Shree Padre, global ambassador for jackfruit in India. “The Gowd Saraswat Brahmin factor has worked for Mangaluru. The community is always on the lookout for quality fruit. There is a latent demand for jackfruit in urban areas, and unfortunately, so far, there was no effort to procure the jackfruit being sold on the footpath, and sell it from a clean and decent shop. Time has also come for an exclusive outlets that sell jackfruit in the form of the whole fruit, pre-packed, value-added products with a longer shelf life as well as a counter that will serve jackfruit preparations such as a smoothies, milkshakes, pedas, ice-creams, and other products,” he added.
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