Tag: Exports

KARACHI - Pakistan is likely to achieve record exports of $24 billion in the current financial year 2010-2011, as exports have already clocked $17.79 billion in the past nine months.
Pakistan, which hit record exports of $19.5 billion in 2009 -2010 against the target of over $17 billion, is anticipated to reach another record figure of $24 billion under the current resilience in exports, sources told Pakistan Today.
Current exports, at $17.79 billion during July-March

LAHORE - Despite devastating floods last year, rice exporters have exported rice valued at $1.5 billion during the first nine months of the current fiscal year. If the government provides adequate support and a zero rated tax regime; rice exports can easily touch the $5.0 billion benchmark in a few years.
Rice Exporters Association of Pakistan (REAP) acting Chairman Taufeeq Ahmad Khan made these remarks while addressing a news conference at the REAP office on Monday. Khan said

ISLAMABAD - Agro-based exports from the country including fruits, vegetables, rice, wheat, wheat flour and others have registered a tremendous increase during last three years.
The country exported about 5.552 million tonnes of food commodities worth Rs 23.677 billion during the last financial year, 3.911 million tonnes during 2008-09 and 3,861 million tonnes worth Rs14.33 billion in 2007-08.
Rice exports crossed 4.179 million tons during the last financial year as compared

DHAKA - Bangladesh's exports surged nearly 41 percent in March from a year earlier to a record $2.14 billion as apparel sales rose sharply, led by a continuing shift in production from China to the lower-cost South Asian country. Exports for July to March, first nine months of the 2010-11 fiscal year, rose by an above-target 40.3 percent to more than $16 billion, the Export Promotion Bureau said on Wednesday. Exports of ready-made garments to Europe and the United States, which

KARACHI - Cement manufacturers have said that the country's cement exports and dispatches declined, respectively, by 14.46 and 7.86 percent during first nine months of the current fiscal year.
According to data released by All Pakistan Cement Manufacturers Association (APCMA), cement dispatches during July-March FY11 amounted to 16.017 million tonnes, showing a decline of 7.86 percent when compared to dispatches of 17.383 million tonnes achieved during the corresponding period

KARACHI - Uganda has planned to establish a warehouse at Kampala in order to facilitate access to Pakistani products. This would "open a gateway for Pakistan exporters and would also enhance trade ties between the two countries," Uganda's Ambassador to Pakistan Dr Mohamed Ahmed Kisuule remarked.
During his meeting with SITE Chairman Abdul Wahab Lakhani and Senior Vice Chairman Asad Nisar Barkhurdaria, the ambassador said that trade must be the corner stone of diplomatic relations

ISLAMABAD - The enhancement of the aesthetic appeal of the Pakistani citrus (kinnow) and proper production techniques are need of the hour to boost its presence on the international market. There is also a need to augment technical knowledge and post-harvest handling and storage procedures. Pakistan earns millions of dollars every year through the export of kinnow but blemishes in the final product are a major area for concern, impeding its exports, particularly to European Union (EU)

ISLAMABAD - Exports of services from Pakistan surged by 55.69 percent during the first seven months of current fiscal year as against the same period of last year.
The overall export of services was recorded at US$3.424 billion during July-January (2010-11) as against the exports of US$2.199 billion during the corresponding period of last year, according to data of Federal Bureau of Statistics.
The services that contributed in the positive growth in exports included

KARACHI - Cash-strapped governments of Punjab and Sindh, exporting millions of tonnes of excess wheat through the private sector to fulfill their budgetary needs, have announced a subsidy of Rs 600 per tonne on expedited exports of the commodity.
The conditional subsidy would, however, be given on those consignments that would have been dispatched before April 30, 2011, eve of the next wheat procurement season. If calculated on the basis of given initial export target of three

KARACHI - Despite a 37.5 percent decline in export of rice to Iran during the last financial year, Pakistani exporters are still not availing the 10 percent duty relaxation under the Pakistan-Iran Preferential Trade Agreement (PTA) for what the sources refer to as lack of awareness.
Though Pakistan exports almost 80 percent of its rice to Tehran, the country's exporters are, interestingly, not availing the concession in import duty, which the neighbouring country has increased by

ISLAMABAD - The Ministry of Commerce in collaboration with Trade Development Authority would organise a seminar on Agriculture Export Development on March 28. The seminar will be inaugurated by Federal Minister of Commerce Amin Fahim.
According to an issued statement, the objective of holding the seminar is to bolster the agriculture sector of the country, which accounts for over 21 percent of the GDP. It is the primary supplier of raw material in the value addition sector and

ISLAMABAD - Exports of textile and food groups have registered considerable growth during the first eight months of the current year, surging by 28.67 percent and 18.28 percent respectively.
Textile exports, during July-February (2010-11), were recorded at $8.637 billion against exports of $6.708 billion in the same period last year, Federal Bureau of Statistics reported. Similarly, food exports augmented during the period under review and stood at $2.465 billion compared to

KARACHI - Commerce Secretary Zafar Mahmood along with Trade Development Authority of Pakistan Chief Tariq Iqbal Puri has met prominent exporters in the textile sector to discuss an action plan for enhancing exports of value added textile sector. The Secretary opened the forum for discussion and invited the Industry representatives to present their viewpoint at the event. Most of the industrialists agreed that value addition in Pakistan was inadequate and claimed that this was due to

KARACHI - Though there has been a consistent decline in Pakistani exports to the United States of America (USA) in the last three years, export value during six months of current financial has appreciated by 18 percent to what the sources attribute to an increase in cotton prices.
Furthermore, according to export receipts at State Bank of Pakistan (SBP) the export value to top 10 countries in the Americas have risen to $2.40 billion during July to December 2010 against the $2.0

ISLAMABAD Pakistan's rice exports fell nearly 16 percent in the first eight months of the 2010/11 financial year because of last year's floods, a top industry representative has stated. The world's fifth largest exporter of rice, Pakistan exported 2.38 million tonnes between July and February, down from 2.82 million tonnes in the same period the previous year, according to the Rice Exporters Association of Pakistan (REAP). The export of non-basmati rice dropped 25 percent to 1.66

KARACHI - Social compliance requirements, for foreign buyers, has become a little difficult for manufacturers as a majority of textile industries depend on contract workers for their operations in South Asia including Pakistan, said National Projects Director Gen-Prom UNDP Maham Nasira. Addressing the seminar organised by Pakistan Readymade Garments Technical Training Institute (PRGTTI), on social compliance for foreign buyers, she said that a large number of textile units like

WASHINGTON - A Pakistani national has been arrested and charged with a scheme to illegally export nuclear-related materials to Pakistan from the United States (US), the US Justice Department said on Wednesday. Nadeem Akhtar, 45, who lives in the a Washington suburb of Silver Spring, Maryland, was indicted for conspiring with others to illegally export restricted goods and technology to a Pakistani nuclear power plant and a Pakistani research commission. With an unidentified