Tag: Exports

KARACHI - Pakistan sustained momentum on exports crossing the $2.0 billion mark in the last three months, a trend which continued in February 2011. Cumulative value of exports for the period July-February 2011 was $15.386 billion against $12.303 billion registering a growth of 25 percent over the same period last year. According to sources, the country's exports during February 2011 were valued at $2.16 billion, which was 42.1 percent higher than the level of $1.52 billion during

KARACHI - The 23.1 percent historic rise in exports, during July-January, 2011, is primarily driven by an increase in price of export items in the international market and exports, in terms of quality, have not boosted. Pakistani exports stood at $13.279 billion during the last seven months of this financial year compared to $10.784 billion in the corresponding period last year, exhibiting a growth of 23.1 percent, sources said.
Contrarily, figures released by the State Bank of

KARACHI - Pakistan's foreign exchange reserves sustained its' record break record-breaking spree and stayed at a high of $17.589 billion during the week, ending on February 19. Heavy dollars inflow, primarily due to mounting worker remittances and exports, has triggered the rise, the State Bank claimed.
Foreign currency reserves had also earlier hit a historic high of $17.447 billion in the last week, ending on February 15.
While, in the preceding week ending on February 5,

ISLAMABAD - Food exports from Pakistan have witnessed an increase of 33 percent in January and 12.95 percent during the first seven months of current fiscal year. Overall food exports have been recorded at $2.035 billion during July-January (2010-11) as against the exports of $1.801 billion during July-January (2009-10).
The food items that contributed towards positive growth of exports included wheat. The other items that showed upward trend in exports during the period under

KARACHI - Pakistan's textile exports, during July 2010 to January 2011, have seen a healthy growth of 25.9 percent, while food exports have surged by 13 percent compared to the same period in the last fiscal year. According to sources, the country's export of textile and clothing, during the seven months of this financial year 2011, were recorded at $7450 million compared to the $5918 million achieved during the corresponding period of 2009-2010.
Analysis depict that growth in

KARACHI - The intermittent protest by hundreds of dock workers at Port Qasim is feared to result in a serious blow to the country's exports which the economic managers expect would fetch over $22 billion this year, thus helping Pakistan balance its external accounts.
The analysts believe that after achieving a $26 million current account surplus during July-December 2010-11, the terrorism and floods-hit Pakistan is expected to see its external accounts widening by $4 billion or

KARACHI - Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Zonal Chairman Jawed Chinoy, in a press statement, said that growth in Pakistan's textile exports is largely driven by an increase in value added products in real terms. He said that value of readymade garment exports have increased by 35 percent, while the quantity exported has gone up by 23 percent.
Similarly, value of knitwear exports and its quantity has increased by 24 percent and 21

KARACHI - Pakistan's export to Iran suffered a dent, dropping by 37.5 percent during 2009-2010 in comparison with the last financial year. This slump was a result of the increase in import duty from 25 percent to 50 percent by the Iranian government. Iranian government had increased the ad valorem safeguard duty on import of various goods by 100 percent during 2009-2010. Pakistan's export, recorded at $360 million in 2008-2009, dwindled to around $225 million, sources said.