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Old June 26th, 2010, 06:22 PM   #101
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Pakistan may earn $25m from mango export to China

Pakistan can earn 25 million dollars from selling mangoes to China, officials said.

“Mango expo in Guangzhou, China received an overwhelmingly response,” said Waheed Ahmed, Chairman of All Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA) on Friday.

Pakistani exporters received orders for about three tons of mangoes a day. “This season we are all set to export nearly 200 tons of mangoes to China,” he said.

“This response forced us to extend the duration of the exhibition from one to three weeks. The show, which commenced on June 17 would now conclude on July 5,” he added. Some 12 supermarkets in Guangzhou have started selling Pakistani mangoes.

Seven Pakistani companies participating in this exhibition are displaying top three varieties of mangos namely Sindhri, Chonsa and Sunera.

“The taste of our mangos compelled people in China to ask for it. Otherwise, the country itself cultivates the fruit,” Ahmed said.

By improving product quality and keeping in view the FTA between China and Pakistan, the Chinese market could be developed to become the third biggest export destination for Pakistani mangoes, said Ahmed.

Dubai, Iran and Saudi Arabia are top three export markets for the Pakistani mango. Seventy per cent of Pakistan’s total mango exports in 2009 went to these countries.

Last year, Pakistan exported 0.13 million tons of mangoes worth $41 million, which is estimated to reach $50 million this year. Cultivation of the fruit may drop to 1.6 million tons against 1.8 million tons last year. “The cyclone and rains ruined a notable part of the orchards this season,” he concluded.
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Old July 9th, 2010, 05:41 PM   #102
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30-40pc growth in mango exports to Netherlands eyed

Pakistan is aiming at 30-40 percent growth in mango exports to The Netherlands this year, a government official told The News on Thursday.

Muhammad Ashraf, Pakistanís commercial counselor in The Hague, The Netherlands, said exports of Pakistani mango to the European country registered a 36 per cent increase during last mango season. “We have set a similar growth target for the current year,” he added.

The commercial wing of the Embassy of Pakistan in The Hague, The Netherlands, organised an exhibition of Pakistani mango with the support of Pakistan Horticulture Development and Export Company (PHDEC) last week at a hotel in Amsterdam.

According to the details provided by the wing to The News, there were 10 varieties of Pakistani mango put on display.

The major wholesalers and distributors of Pakistani mango in the Netherlands showcased Pakistani mangoes in the exhibition.

The Minister for Commerce Makhdoom Amin Fahim inaugurated the exhibition. The visitors included wholesalers, distributors, importers, retailers and chain stores dealing in fresh fruit and vegetables.

A unique feature of the exhibition was the display of Pakistani mango imported into Europe by sea. Durranni Associates, an exporter of Pakistani mango, has made test shipments of mango to Europe by sea this year. The mango arriving by sea retained skin tightness and freshness with still 10-12 days of shelf life. The buyers showed great interest in the sea-shipped mango.

The Netherlands is the biggest distribution hub of fresh fruit and vegetables in Europe. Rotterdam is the largest seaport of Europe and a large number of major importing and distribution chains of fresh fruit and vegetables are headquartered in Rotterdam.

Currently, Pakistani mango has an insignificant 0.2 per cent share of the Dutch imports of mangoes. The major issues related to the import of mango in the Netherlands are high freight cost which forms 70-80 per cent of the landed-duty-paid (LDP) price of the mango, non-availability of cargo space in airlines during the mango season, the low quality packaging which collapses during transit causing damage to the product and degeneration of the product during transit causing disputes between the importer and the exporter.

Speaking on the occasion, the Commerce Minister said that the Ministry of Commerce is trying to resolve the problems faced by the exporters. The success of the mango shipment by sea is a big breakthrough for Pakistani mango exporters to Europe, he said.

Aizaz Ahmed Chaudhry, ambassador of Pakistan to The Netherlands, said that Pakistani mango is still mainly consumed in the South Asian ethnic segment of the market.

However, there is a growing demand for Pakistani mango in the mainstream market, he said. The mango exhibition is being organised as an annual event in The Netherlands.
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Old July 10th, 2010, 03:51 PM   #103
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Pakistan's export under FTA: China receives list of additional items


MUSHTAQ GHUMMAN
ISLAMABAD (July 09 2010): China has received a list of additional 263 items that Pakistan wants to export to China under the Free Trade Agreement (FTA), well-informed sources told Business Recorder. Sources revealed that "most of the items included in the wish list are from the textile sector, engineering sector, chemical sector, fresh fruits and vegetables".

The financial impact of these additional items, if Beijing accepts the proposal will be around 1-1.5 billion dollars per annum on exports to China. Chinese Vice Premier Zhang Dejiang, during his recent visit, had assured Prime Minister Syed Yousuf Raza Gilani that four matters would be considered sympathetically:

(i) provision of a place for displaying of Pakistani goods in trade exhibitions, free of cost or at very cheaper rates; (ii) dispatching buyers' missions for procurement for public sector; (iii) facilitation of further Pakistani items for exports to China; and (iv) training of human resource.

Secretary Commerce, Zafar Mahmood is part of President Asif Ali Zardari's entourage currently on a weeklong visit to China as part of strengthening economic ties. Sources said that almost one year ago, the federal cabinet had directed the Commerce Ministry to review the FTAs signed so far but the Ministry has not reportedly implemented this instruction.

The cabinet had restricted the 'independence' of the Commerce Ministry over new FTAs, observing that the outcome of previous pacts appeared to be in favour of other trading partners instead of local industry. "FTAs signed in the past have encouraged imports rather than exports. New countries and groups for initiating FTAs should not be selected without proper analysis of potential advantages. Blanket permission of the cabinet for the proposed agreements should not be sought," the sources quoted Prime Minister Syed Yousuf Raza Gilani as saying in the special cabinet meeting on July 27.

Sources said, a couple of months ago, experts of China and Pakistan reviewed FTA where Pakistan complained that its exports had not been showing growth as per expectation and had requested the Chinese experts to include more Pakistani products in the FTA.

However, China did not show any interest in expanding the list of items being covered under the FTA and hinted that it will consider out of the box solution, sources continued. Local business community has also complained that the concerned Ministries do not consult the chambers before starting negotiations with other countries on Preferential Trade Agreements (PTAs) and FTAs.
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Old July 10th, 2010, 03:51 PM   #104
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Pakistan's export under FTA: China receives list of additional items


MUSHTAQ GHUMMAN
ISLAMABAD (July 09 2010): China has received a list of additional 263 items that Pakistan wants to export to China under the Free Trade Agreement (FTA), well-informed sources told Business Recorder. Sources revealed that "most of the items included in the wish list are from the textile sector, engineering sector, chemical sector, fresh fruits and vegetables".

The financial impact of these additional items, if Beijing accepts the proposal will be around 1-1.5 billion dollars per annum on exports to China. Chinese Vice Premier Zhang Dejiang, during his recent visit, had assured Prime Minister Syed Yousuf Raza Gilani that four matters would be considered sympathetically:

(i) provision of a place for displaying of Pakistani goods in trade exhibitions, free of cost or at very cheaper rates; (ii) dispatching buyers' missions for procurement for public sector; (iii) facilitation of further Pakistani items for exports to China; and (iv) training of human resource.

Secretary Commerce, Zafar Mahmood is part of President Asif Ali Zardari's entourage currently on a weeklong visit to China as part of strengthening economic ties. Sources said that almost one year ago, the federal cabinet had directed the Commerce Ministry to review the FTAs signed so far but the Ministry has not reportedly implemented this instruction.

The cabinet had restricted the 'independence' of the Commerce Ministry over new FTAs, observing that the outcome of previous pacts appeared to be in favour of other trading partners instead of local industry. "FTAs signed in the past have encouraged imports rather than exports. New countries and groups for initiating FTAs should not be selected without proper analysis of potential advantages. Blanket permission of the cabinet for the proposed agreements should not be sought," the sources quoted Prime Minister Syed Yousuf Raza Gilani as saying in the special cabinet meeting on July 27.

Sources said, a couple of months ago, experts of China and Pakistan reviewed FTA where Pakistan complained that its exports had not been showing growth as per expectation and had requested the Chinese experts to include more Pakistani products in the FTA.

However, China did not show any interest in expanding the list of items being covered under the FTA and hinted that it will consider out of the box solution, sources continued. Local business community has also complained that the concerned Ministries do not consult the chambers before starting negotiations with other countries on Preferential Trade Agreements (PTAs) and FTAs.
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Old July 13th, 2010, 01:35 AM   #105
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Old July 13th, 2010, 06:20 PM   #106
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Pakistan achieves highest ever exports mark of $19.3 billion



KARACHI (July 13 2010): Pakistan has achieved it's highest ever exports mark of $19.3 billion in the fiscal year 2009-10 (FY10), Business Recorder learnt Monday. According to official sources in the Trade Development Authority of Pakistan (TDAP), the country has so far recorded exports worth $19.3 billion which not only exceeds the target set for exports in FY10 ie $18.8 billion, but also eclipses the previous best recorded at $19.05 billion in FY08.

They also said that with a complete data of the outgoing fiscal year, the exports are expected to be around $19.5 billion. Citing reasons for the record exports, despite a global financial meltdown, sources said that the main reason was the exports of rice that yielded around $2.3 billion - showing an overall growth of 8 percent as compared to the preceding year. Exports of textile and clothing, which crossed the $10 billion mark, recorded a growth of 7 percent as compared to the last year. Fruits, vegetables and jewellery exports were doubled, with jewellery registering more than half a billion dollars in exports, as compared to FY09.

These performances in exports, the authorities claimed, were also indicative of the products' diversification taking place within the country's export goods-basket. "New and unconventional products are emerging, as the textile sector exports are surely loosing their preponderant share, which now accounts for 53 percent of our exports," they added.

According to them, horticulture exports have made significant strides and have gone up by 68 percent as compared to the FY09. At the inaugural ceremony of TDAP's flagship event - The Expo 2010, the Prime Minister gave out special awards to the new and innovative products exported from Pakistan, which included electric energy meters, PET bottle-grade resin, and glitter for use in fashion apparels, which together now accounts for $250 million worth of exports.

Sources further said " While our traditional markets of the US and EU have remained static or even slowed down, our exports to regions of Africa and Asia as well as Russia and the C.I.S. are showing a robust growth. As per the latest available data, Asia (including Russia) now has 44 percent share in Pakistan's total exports compared to 21 percent in USA's, 26 percent in Europe's and 6.5 percent in Africa's exports".

According to the authority these figures and trends gives a signal to the business community to change their traditional business outlooks and explore non-traditional, innovative, value-added products as well as the non-traditional markets of Asia and Africa.

Moreover, there are lesser non-tariff barriers faced by Pakistan's exports in Asia and Africa as well as Russia and the C.I.S., as compared to exports to the developed markets where such issues as Sanitary and Phyto-Sanitary (SPS) measures and Technical Barriers of Trade (TBT) compound's difficulties for Pakistan's exports in making further inroads in those markets.

Earlier the country, according to the available statistics, had recorded exports worth $17.6 billion by May 2010 and was expected to reach 19.3 to 19.5 billion dollars by June 2010. Sources said that the country, which could not achieve their export targets in the last two years, would achieve a record exports mark despite recession.

According to the Federal Bureau of Statistics, in July to April 2009-10, total exports reached a figure of $15.884 billion as compared to $14.703 billion during the corresponding period last year. In April 2010, it said, the export was recorded as $1.737 billion against $1.321 billion in the corresponding month last year.

It said that during the nine month of FY10, the country has exported textile and garments worth $8.516 billion as compared to $7.955 billion in the same period last year. Minerals and metals, the statistics showed were the other sectors in which a growth of 26.32 percent was recorded during the nine months of FY10. Agro and food, engineering goods and other sectors also recorded a growth of 5.02, 0.82 and 15 percent respectively by April 2010 of the current fiscal year.

According to the statistics, Africa is the region where the country has increased its export to 16.69 percent, while it has also achieved a 10 percent growth in export to Asia including Russia. Only 1.15 percent growth was recorded in the exports to Europe by April 2010. However a drop of 4.44 percent in growth was also recorded in the exports to America.

According to the Federal Bureau of Statistics report, the third quarter (January to March) of the fiscal year was exceptionally good for the exports, when all three months of this quarter achieved more than their targets. In the first two quarters, though exports surpassed their targets in October and December, however in the remaining four months, exports fell miserably against their targets.

In the first month of July, exports fell $178 million against the set target, $125 million in August, $129 million in September and $39 million in November of the outgoing fiscal year. In October, exports exceeded the target by $134 million and $146 million in December.

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Old July 16th, 2010, 03:51 PM   #107
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Pakistan to lead global rice exports in 2010: FAO


Report forecasts nation�s paddy production for 2010 to be about 10.2 million tons, 100,000 tons higher than the yield in 2009


KARACHI: Pakistan is expected to lead increases in global rice exports in 2010. A report entitled, “Rice Market Monitor” published by the Food and Agriculture Organization (FAO) of the United Nations, has predicted that exports of rice from Pakistan will rise to 3.8 million tons this year, as compared to just 2.8 million tons in 2008.

The FAO report has also forecast Pakistan’s paddy production for 2010 to be about 10.2 million tons, which is 100,000 tons higher than 10.1 million tons of paddy cultivated in 2009.

Higher production has been attributed to “greater availability and use of fertilizers, hybrid seeds, and favorable prices for an active pace of exports” by the United Nations subsidiary.

According to the report, global rice trade forecast has been downgraded by 900,000 tons from earlier estimates to 30.4 million tons. The decrease has been largely attributed to “weak pace of imports”, in particular from Asian countries.

Despite the downgraded forecast, rice exports are expected to increase by 3.8 per cent, or 1.1 million tons globally over last year to 30.4 million tons. Paddy production forecast for the 2010 season has been set at 704.4 million tons.

The FAO report cited that the “expansion in globally traded volumes in 2010 is forecast to be met by increased exports from Pakistan, which looks set to ship record levels (of rice)”.

The report predicted that Pakistan is the only rice exporting nation that will increase its exports in this season. All other major rice exporters, including India, Egypt, Thailand, Myanmar and Cambodia will be impeded by a reduction in international demand for rice.

After processing, Pakistan’s total rice production touched 6.2 million tons in the harvest season of 2009 and is expected to reach 6.8 million tons in 2010.

The Food and Agriculture Organization has highlighted that “competitive prices and large inventories boosted by two consecutive good harvests have already enabled the country to ship 1.8 million tons by May”.

The report further stated that in order to satisfy growth in international demand for Pakistani rice, the country will have to “cut its reserves (of rice) by 19 per cent to 1.0 million tons”. However prices of rice have increased in the domestic market, despite higher production. Analysts have attributed this increase to rise in the cost of cultivation as well as strong local demand for high qualities of rice such as basmati rice.

Conversely, export growth has been dominated by lower qualities such as 25 per cent broken rice. Rice exporters have also expressed confidence that Pakistan will achieve record rice exports in 2010.

Published in The Express Tribune, July 16th, 2010.

Last edited by KB; July 16th, 2010 at 03:57 PM.
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Old July 17th, 2010, 04:52 PM   #108
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Pakistan gets technology to preserve mangoes



KARACHI: Pakistan has got the technology to preserve mangoes for 40 days, which will help to export mangoes through ship with much lesser cost.

A mango exporter Abdul Qadeer Durrani told Geo News that export of mangoes to European countries through airways costs Rs.125 per kilogram whereas the same quantity costs Rs.15 via ship. Hundred tons of mangoes have been exported during current season, he added.

- The News
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Old July 19th, 2010, 11:17 PM   #109
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rs 110 Difference..


Quote:
Originally Posted by KB View Post
Pakistan gets technology to preserve mangoes





export of mangoes to European countries through airways costs Rs.125 per kilogram whereas the same quantity costs Rs.15 via ship.

- The News
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Old July 22nd, 2010, 08:53 PM   #110
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30% increase in Sialkot's football export


SIALKOT: Spain’s victory in Football World Cup 2010 has brought a 30 per cent increase in hand stitched footballs’ exports from Sialkot, Pakistan.
Former Chairman of Pakistan Sports Goods Manufacturers & Exporters Association (PSGMEA), Professor Safdar Sandal, said, on Thursday, that Spain was a big market and has historical and cultural links with Latin American countries. All put together, they have a high potential to buy millions of footballs. The indigenous football industry of Sialkot has a promising business ahead, he added.
He also said that specialization of the Pakistan football industry is based on hand stitching which carries its own importance. On each football specifically, a ‘Made by Hand’ stamp is affixed on the instructions of the foreign buyers, because in Europe and America, as elsewhere in the world, a product made by hand is considered much more valuable than a machine product. Side by side another stamp, ‘Made in Pakistan’, is placed which gives an added value to the ball.
Sandal said that there has been a great pick up in the demand of hand stitched footballs in the past months, despite the worldwide recession. “We expect this demand to hike further in future as the performance of the mechanised ball played in the World Cup games has not been good.”
Major football playing nations have expressed their dissatisfaction with the machine made ball and players have also shown signs of resentment. It has been observed that this ball does not give the desired direction to the player as it does not keep it’s course when kicked. On the contrary, a hand stitched football is perfect in its bounce, balance and direction and moves according to the wishes of the player.
According to an estimate, the world requirement of hand stitched footballs is between 45 to 50 million of which 90 per cent was being met by Sialkot based industries.

http://tribune.com.pk/story/29557/30...ball-export-2/
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Old July 22nd, 2010, 11:34 PM   #111
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90% of the hand stitched market goes to Sialkot! Nice!
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Old July 23rd, 2010, 04:43 PM   #112
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This is great news as our football industry was declining....
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Old October 25th, 2010, 01:50 PM   #113
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With cement prices continuing on their upward spiral, real estate developers in Tamil Nadu have resorted to imports from neighbouring Pakistan and Bangladesh to bring down costs.

"A group of builders have already begun importing cement from Pakistan via the Kochi port... Around 20 containers have already reached Kochi. I think this is one of the better modes of importing cement, as the cost has escalated", a top official of the Confederation of Real Estate Developers Association of India said on condition of anonymity.

He said the cost of an imported 50-kg cement bag worked out to Rs 190 (in Kerala), compared to Rs 295 in Tamil Nadu.

The steep prices have even led to many developers putting their projects on the back burner, a top official of the Builders' Association of India said.

He said the price of a 50 kg bag of cement rose from around Rs 270 last week to Rs 295 per bag this week. "The central and state governments should intervene and take steps to bring down the price of cement...," Builder's Association of India (Tamil Nadu unit) Honorary Secretary T N Chandrasekaran said.

He said that builders plan to stage an agitation in Chennai on October 28 to highlight their demands.

"We have been asking the government to take some steps for this industry. But they have not done so and therefore we plan to conduct an agitation in Chennai on October 28," he said.

Chandrasekaran said many developers have put their projects on hold, but those with delivery commitments had to procure cement at higher prices.

He said they were left with no other option but to import cement from neighbouring countries to reduce costs and any builder planning to do so would immediately look at Pakistan and Bangladesh, as some of the cement is of good quality.

"But I don't think any developer would take that effort right now as you can't import meagre quantities. Builders will have to import a minimum of 2,000 to 3,000 million tonnes, not feasible for many of them," he said.

Builders that were able to utilise such massive quantities would be able to get cement bags for around Rs 160-170 only, he said. "But the process for importing it is not easy. There are so many formalities before importing," he added.

An industry source said cement demand in Tamil Nadu, Kerala and Karnataka this year was 57 million tonnes and was expected to touch 67-68 million tonnes in 2011.
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Old November 14th, 2010, 01:23 AM   #114
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Old November 16th, 2010, 04:54 AM   #115
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We need to move away from useless industries like Textiles and do something real that brings in foreign currency into the country. High Tech industry is the way to go, gradually but surely.
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Old November 16th, 2010, 11:14 PM   #116
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I agree with you 100% but at the same time cant ignore over 250 billion dollar textile market that we have mastered long time ago (back in the 50's). FYI, Pakistan's current share is only 7% and can easily grow to 15-20% or even more without much effort if the west would not impose heavy taxes. I would love to see engineering and IT exports growing but we dont have the educational infrastructure for it at this time. Textiles and sports, surgical tools etc can certainly give us the necessary boost in the first place and meanwhile we continue our march with other " made in Pakistan" items. If we look back the list of exports already very different than 15 years ago.
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Old December 30th, 2010, 10:59 AM   #117
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Textile export surges 20% in November

KARACHI: The textile export posted substantial growth during November, which led to a significant overall export growth in the month. According to latest figures released by the Trade Development Authority of Pakistan (TDAP) on Wednesday, textile group export surged to $1.107 billion in the month under review as against $850 million in the same month of the previous year, registering 19.58 percent growth. On the other hand, food product export decreased 5.58 percent to $239 million in November of the current financial year as against $254 million in the corresponding period of last fiscal. The export of petroleum group and coal managed to record 61.88 percent growth and manufactures group 9.52 percent during the month. The break-up of textile group shows that cotton yarn export continued its upward journey in November when its export increased 54.02 percent to $181 million as against $117 million. The raw cotton export increased 55.48 percent. The knitwear export also surged almost nine percent during the month under review, cotton cloth export was up 29.22 percent, bedwear 3.89 percent and readymade garments 28.32 percent. However, towel export declined 10.51 percent during the said month. In rice export, basmati registered 1.31 percent growth and other varies’ export decreased 16.08 percent. During July-November of the current fiscal year, the textile export also went up 22.73 percent and food group managed to post 7.26 percent growth. Textile exports came to $5.120 billion as against $4.172 billion and food export stood at $1.190 billion over $1.110 billion. In the five months period the export of knitwear recorded 20.67 percent increase to $928 million as compared with $769 million. The cotton cloth export moved up 27.87 percent, bedwear 14.22 percent, cotton yarn 17.80 percent, readymade garments 33.09 percent, towels 7.32 percent etc. tanveer ahmed

http://www.dailytimes.com.pk/default...-12-2010_pg5_5
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Old January 14th, 2011, 02:11 PM   #118
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Country’s exports crossed $2.12 billion in Dec 2010

Pakistan exports, in the month of December 2010, exceeded the figure of $2.12 billion, an increase of 35% over the corresponding month last year (December 2009).

A Ministry of Commerce statement issued here stated that it is a record in the 63 years history of Pakistan. Pakistan exports never exceeded the figure of $2 billion in a single month before this. From July 2010 to December 2010, a similar unprecedented growth of 20% in the exports has been witnessed. Federal Minister for Commerce Makhdoom Amin Fahim has congratulated the exporters of the country as well as the chambers and associations on getting this landmark achievement. In his message, Fahim also appreciated the officials of his ministry and TDAP (Trade Development Authority of Pakistan) in helping and facilitating the business community and exporters of the country.
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Old January 16th, 2011, 02:49 PM   #119
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Exports likely to cross $20bn mark by May: TDAP chief

* Puri says EU’s ban on Pakistan’s fisheries exports has proved blessing as Pakistan has managed to create new markets in Egypt, Middle East

The country’s exports are likely to cross $20 billion mark by May 2011 despite power and gas shortages.

Trade Development Authority of Pakistan (TDAP) Chief Executive Tariq Puri said this on Saturday while briefing the media men at the National Insurance Corporation Limited (NICL) building on trade initiatives of the government.

He, however, said that the total exports by the end of June 30, 2011 would be determined by the trade figures of the months of January and February 2011 when the impact of gas shortages in November and December would be visible in the exports figures.

Puri informed that it’s not necessary that gas and power shortages, which the manufacturing cities have faced during the last two months, would have a negative impact. He said that the country’s exports have witnessed a growth of 22 percent during July to December period with total exports of $11.2 billion and best exports have been witnessed in December when the total figure was recorded at $2.2 billion, highest after 1963.

He did not agree with the figures of $500 million or $800 million monthly export losses due to the gas and power shortages in the country and said that this figure would be visible when export figures of the next two months would be available.

He also disclosed that the European Union’s (EU) ban on Pakistan’s fisheries exports has proved a blessing in disguise as Pakistan has managed to create new markets in Egypt and Middle East where volume of fisheries exports has increased from the annual exports to EU.

He also announced that he would strongly resist any measures including Reformed General Sales Tax on exports that TDAP feels would create a hurdle in the country’s exports. He was confident that zero-rating on exports would continue after imposition of RGST in the country.

The government has decided to celebrate 2011 as the year of exports and an export plan after finalising with all stakeholders would be presented before the Federal Cabinet soon as to make achieve a new height in exports of the country. All the government ministries divisions and private sector would be required under the export plan to play its due role in promotion of exports during 2011, he explained.

He said that country had crossed over $10 billion export mark in 2003 and after achieving this benchmark the government had recognised the performance of the individual exporters. When the exports will cross $20 billion mark by end May, individual exporters would be honoured.

Puri admitted that China is using non-tariff barriers to block Pakistani exports and Pakistani exporters despite having zero duty status on Pakistani exports are not able to make exports to China. A review of Pak-China Free Trade Agreement (FTA) has revealed this and the government would address this issue by holding consultations with the Chinese authorities, he added. He said that under the proposed export strategy to be approved by the Federal Cabinet, Pakistan’s prime focus for exports would be China as at present Chinese importers are importing raw materials from Pakistan and initiatives would be taken to meet the demand of China through value-added products instead of raw materials at present. He said that a roadmap for converting local raw materials into value-added products would be the part of the proposed export plan.

He explained that the increase in cost of production in China is compelling Chinese producers to quit from the clothing sector, which is creating new export opportunities for Pakistani exporters for those export products where Chinese don’t have an edge on Pakistani exporters.

He explained that Denim trousers for men and women, fleece, knit and bed linen are the key products where Pakistani exporters would be able to create their own export market in China. He said that Pakistan to participate in Canton Trade Fair China scheduled from April to October where millions of buyers would visit and TDAP has decided to set up a huge pavilion in the fair to introduce its products to Chinese buyers.

He said that purchasing power of middle-class people of China is improving and soon they would become number two in the world for higher per capita income and this huge consumer market would help us meet their needs. Pakistan has the potential to export China textile and clothing, made ups, minerals, precious stones, leather, marine products, fish and value-added products of seafood, sports goods and light engineering like fans. He also announced that Pakistan would participate or hold 25 trade exhibitions and would send 15 trade delegations abroad for exports promotion including China and Korea. He was of the view that we are going to start work on tapping the export potential, which exists in China and after four or five years, Pakistan would benefit a lot from these initiatives.

Explaining the developments on EU package for Pakistan, Puri informed that no cut off date has been finalised for operationalisation of the EU package, however, he said that despite opposition by the regional competitors, EU would be able to extend this concession to Pakistan soon. He said that Pakistan is also demanding from Canada, US, Australia and Japan trade incentives like the EU package.

To a question, he said that depreciation of the rupee against the dollar definitely has an impact on growth of the country’s exports. He, however, said that trade promotion initiatives and good performance of small and medium exports houses has helped achieve good growth this year.

He said that the currency after a sudden jump, has now stabilised and despite increase in oil prices and import cost of raw materials, the country’s manufacturing industry is able to gain in terms of exports, he maintained.
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Old February 1st, 2011, 03:20 PM   #120
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Pakistan’s exports to touch record $ 22 bln mark this year: Kaira

Federal Minister for Information and Broadcasting Qamar Zaman Kaira on Monday said Pakistan’s exports are expected to touch US $ 22 billion mark which would be a record.“Thanks to practical policies of present regime that country’s foreign remittances and foreign reserves have also set records and were showing improvement,” he said this in a programme telecast on PTV which was also attended by former State Minister Tariq Azeem Ch. and Senator Tahir Hussain Mashadi.

The Minister said Pakistan’s cotton industry is also showing revival and as a result the country would earn huge foreign exchange.
Enumerating the other initiatives, he said the government was cognizant of the employees problems and that was why it gave 50 percent increase in their salaries during current fiscal year.
“We have also started reform process in Federal Bureau of Revenue (FBR) which may take some time to complete but it would be beneficial for the tax collection system,’ he said.
He said that since the day the present government came to power it has taken several steps to overcome the issues with consensus.
He said the government introduced constitutional, political and administrative reforms but there are many issues that still need to be addressed.
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