Tag: Export

FAISALABAD - Pakistan can boost its foreign exchange earnings within a short period of time by producing and exporting spring-cultivated maize. This was stated by Rafhan Maize Products Managing Director Khalid Aziz, a private company, while addressing a function.
He went on to say that American spring-cultivated maize was produced after six months while Pakistan could get its produce after four months. He said that Pakistan was the leader of the pack in Asia with an approximate

KARACHI - The State Bank of Pakistan (SBP), on Wednesday, lifted ban on the export of all types of foreign currencies (FCys) except the US dollar after, what the SBP spokesman said, was a result of stabilisation in the country's exchange rate.According to Exchange Companies Association of Pakistan (ECAP), the "good" decision would help the country avoid smuggling of foreign exchange and a monthly loss of over $200 million that the money exchangers used to contribute in the exchequer

ISLAMABAD - Foreign Minister Shah Mehmood Qureshi and his Indian counterpart on Saturday talked to each other over telephone and discussed the Pak-India dialogue, cotton export to Pakistan and other bilateral issues.
According to media reports, Qureshi made the call Krishna to discuss issues of mutual interest. The foreign minister told Krishna that India should give permission of exporting 100 million bales of cotton to Pakistan.
The Pakistani textile industry has placed

SINGAPORE - Pakistan has resumed wheat exports for the first time in three years, selling cargoes to Bangladesh and Myanmar and more deals are likely as the nation takes advantage of rising global prices and surplus stocks at home, following last year's bumper harvest. The deals come as fears of global food inflation grow, with devastating floods damaging crops in Australia, forecasts of US corn inventories sliding to uncomfortable levels and dry weather hampering production in

ISLAMABAD - Prime Minister Yousaf Raza Gilani has allowed the export of onions to India.In accordance with the approval to the summary sent by the Ministry of Commerce, Gilani permitted the export of onions to India under a letter of credit.
During a meeting held on January 10, the prime minister's approval was sought for exporting onion to India under the agreements signed with Indian importers in line with the letter of credit.
Following Gilani's approval, trucks loaded

ISLAMABAD/LAHORE - Pakistan decided on Monday to maintain the ban on the export of onion to India through the land route of Wahga, official sources said on Monday.
The Ministry of Commerce had convened a meeting of the stakeholders to consider the ban on onion exports, which was imposed on January 4. Vegetable traders stressed that they should be allowed to export 7,000 tonnes of onion for which deals had already been made and trucks were parked at the border.
However, the

KARACHI - Under the Government of Pakistan's (GOP) wheat export policy for 2011, the first vessel of the season "MV LAGONDA" docked at the Fauji Akbar Portia Marine Terminal (FAP) at Port Qasim to load about 27,000 metric tonnes of bulk wheat being exported through the private sector. The docking of the vessel is a landmark for the FAP Terminal as it marks the first occasion when a commodity is being exported from this facility which has its own dedicated jetty and steel silos with a

NEW DELHI - India on Friday urged Pakistan to allow onion exports after its regional rival and estranged neighbour cut off trade in the vegetable by land because of spiraling prices at home. The cost of the humble onion, which provides the pungent foundation for a thousand different curries and other dishes in the subcontinent, has shot up in both countries, leaving their governments grappling for solutions.
Onion prices have more than doubled in Pakistan as the country has

KARACHI - In a move thought to be in line with the conditions on subsidies stipulated by the International Monetary Fund (IMF) under stand-by arrangement, the State Bank of Pakistan (SBP) on Friday revised the banks' refinancing rates for the exporters by one percent.
After the latest revision which, the State Bank said would come into effect from January 2011, exporters will find the cost of borrowing from the commercial banks adjusted by one percent to stand at 11 percent

KARACHI - Pakistan is likely to fetch exports of $22 billion during the financial year 2010-2011 and exceed the export target of $21.5 billion set for the year.
Pakistan has already achieved the over 19 percent increase in export in the last five months of the financial year, while targets set by the ministry of commerce would easily be surpassed in the remaining months, experts viewed. They believed that rising competitiveness of Pakistani companies was the primary reason for a

KARACHI: The State Bank of Pakistan (SBP) has advised commercial banks and Development Financial Institutions (DFIs) to contact the SBP Banking Services Corporation (SBSC) with regards to the processing of pending claims with respect to export finance mark-up rate facility and mark-up rate support for textile sector against the long-terms loans.
According to SBP circular (SMEFD Circular Letter No 14) issued on Wednesday, the ministry of textile industry has released necessary

LAHORE: Punjab Food Secretary Irfan Elahi has said that the Punjab government has reserved 3.5 million tonnes of wheat for export from six divisions.
Providing further details to the media on Saturday, he said that 490,000 tonnes of wheat has been reserved from Faisalabad, 294,000 tonnes from Sargodha, 822,000 from Multan, 584,000 from Sahiwal, 443,000 from D G Khan and 868,000 metric tonnes from Bahawalpur.
Irfan Elahi informed that a special cell has been set up to

ISLAMABAD: The National Assembly Standing Committee on Agriculture decided to form a sub committee to consider whether to ban gur exports and lifting restrictions imposed on the supply of gur to tribal areas.
Javed Iqbal Warriach chaired the meeting of the committee. Some members were in favour of a ban on gur exports while few members voiced dissent, fearing it would escalate local gur prices in Khyber Phaktunkhwa (KPK), Balochistan and tribal areas.
Briefing the committee,

ISLAMABAD: Pakistani wheat traders are looking at Middle Eastern countries, as well as Bangladesh and Malaysia as possible destinations, after the government lifted a three-year ban on exports because of market surplus.
Pakistan, Asia's third-largest wheat producer, in August deferred earlier plans to export two million tonnes of surplus wheat after summer floods washed away at least 725,000 tonnes of the grain and raised concerns about the next crop.
The government said

LAHORE: Punjab government has established an information cell in the Directorate of Food, Lahore to facilitate and expedite wheat exports.
Punjab Secretary Food Irfan Elani said wheat exporters can get all necessary information from this cell regarding the availability of wheat in various districts of the province.
The Provincial Secretary said that a comprehensive strategy had been chalked-out for the construction of additional storage facilities for wheat in Lahore.