Tag: Exporters

KARACHI - The Pakistan Tanners Association (PTA) South Zone has voiced strong opposition to two days off in the week for energy conservation. In a statement, PTA chairman Aziz Ahmed said Pakistan's economy which is already at its lowest ebb and many sectors are mired in crisis.
The decision to observe two days off in a week may result in total collapse of industrial sector especially the export sector which will suffer heavily, he lamented.Ahmed stated the decision last year

LAHORE - Keeping in view of the current political instability in troubled areas of Middle East, the federal government should formulate a policy to provide safeguard to Pakistani exporters, said Rice Exporters Association of Pakistan (REAP) Acting Chairman Taufiq Ahmed Khan.
He said the government should make sure that all buyers honoured their business commitment with Pakistani exporters as financial insecurity was increasing in exports, especially in Middle East countries

LAHORE - All Pakistan Textile Mills Association (APTMA) Chairman Gohar Ejaz has complained of the 'engineered default' on the part of Indian cotton traders working hand in glove with government policymakers, meddling in the cotton trade and repeatedly delaying shipments of contracted cotton deals to Pakistan.
He said despite producing 32.5 million cotton bales this year, a growth of 10 percent comparing with the previous fiscal year, the Indian government has made amendments in

LAHORE - Rice Exporters Association of Pakistan (REAP) Vice Chairman Taufiq Ahmed Khan has pointed out that despite limited source, REAP members had exported 4.6 million tonnes of rice to different parts of the world in 2009-10.
He was addressing a delegation of 34-member newly inducted officers of Commerce and Trade Group, along with Pakistan Institute of Trade And Development (PITAD) Assistant Director Shafiq Haider Virk and Trade Development Authority of Pakistan (TDAP)

ISLAMABAD - Minister of State for Information Syed Samsam Ali Bukhari has indicated that since 2010, a total of 22 complaints were lodged by foreign buyers against Pakistani exporters, alleging supply of substandard goods.
Replying to a question in the Senate on behalf of Commerce Minister Amin Fahim, he informed that during the last three years, a total of 95 complaints were lodged against country's exporters for supplying substandard goods. In 2008, foreign buyers lodged 29

LAHORE - Provincial Food Minister Chaudhry Abdul Ghafoor has said that an agreement has been sealed between Punjab Food Department and private buyers for the purchase of one million tonnes of wheat, which will be exported as wheat price in the international markets has increased.
On the other hand, wheat exporters believe that the provincial government is looking towards wheat export through rose-tinted glasses. Exporters estimate Pakistan cannot export more than 300,000 tonnes

KARACHI - The State Bank of Pakistan (SBP) has announced that glass manufacturing industry producing exportable goods is now eligible for financing under the central bank's Long Term Financing Facility (LTFF). According to an SBP Circular, SMEFD Circular Letter No. 2 which was issued on Thursday, the financing for plant, machinery and equipment to be used by the export-oriented projects in the glass sector for producing exportable goods shall also be eligible under the LTFF Scheme.

LAHORE - Vegetable exporters have not received a great deal of relief from the federal government, as Islamabad has only allowed the export of onion with contracts settled before January 4. A six-member delegation of vegetable exporters and traders has left for Islamabad to voice their demands.
Lahore Anjumane-e-Arthian (a vegetable traders' body) President Chaudhry Muhammad Ejaz told Pakistan Today that the federal government had allowed the export of onions, which had been

KARACHI - Despite the public announcement of various types of subsidies on the export of different items, Trade Development Authority of Pakistan (TDAP) has failed to pay billions of rupees to exporters due to the non-release of funds from Ministry of Finance (MOF), sources have revealed.
Though a large number of exporters have applied for the announced subsidies, aimed to promote the country's exports under 'New Trade Initiatives' of TDAP, the authority has not paid a penny to

MUMBAI: Indian cotton prices may rise this week as exporters are seen ramping up purchases to ship maximum fibre to beat a mid-December government deadline, dealers said. India, the world's second biggest producer and exporter of the fibre, had allowed exports of 5.5 million bales from November 1, but it has to be shipped before December 15.
"Exporters will remain active in the spot market to fulfill their export obligations.
They are struggling to buy the required quantity

KARACHI
Pakistan exporters have recorded a 16 percent jump in earnings from exports Rs 23 billion in terms of Pakistani currency exports exhibited 21 percent growth, showing five percent impact of the devaluation. These figures reflect an improvement in income of Rs 23 billion.
Details obtained by Pakistan Today showed that in the first quarter of this fiscal year, exports rose to 5.18 billion dollars compared to 4.43 billion dollars in the same period last year.
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