Tag: Exports
Exports to touch $22 billion, says Hafeez Shaikh
KARACHI - Federal Minister for Finance Affairs Dr Abdul Hafeez Shaikh has said that exports will touch $22 billion during the current fiscal year.
Speaking to media personnel at the head office of the State Bank of Pakistan (SBP), he said the government was optimistic of the potential of exports and also expressed hope that remittances will touch over $10 billion.
"Our economic team is very optimistic and we are hopeful of promising results in the future," he said. Shaikh
Speaking to media personnel at the head office of the State Bank of Pakistan (SBP), he said the government was optimistic of the potential of exports and also expressed hope that remittances will touch over $10 billion.
"Our economic team is very optimistic and we are hopeful of promising results in the future," he said. Shaikh
SBP lifts ban on forex exports
The State Bank of Pakistan (SBP) on Wednesday lifted a ban on the export of all types of foreign currencies except the US dollar after, what the SBP spokesman referred to as, a result of the stabilisation of the 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 previously contributed to the exchequer before the
Exports to exceed $20 billion
ISLAMABAD - The Trade Development Authority of Pakistan (TDAP) Chief Executive Tariq Iqbal Puri said on Saturday that Pakistan's exports would surpass the $20 billion mark by May this year. Addressing a news conference, he said that despite the energy crises, exports during December augmented by 19.69 percent to reach $2.12 billion, up from November's exports of $1.77 billion. December, he said, was a record-breaking month in the country's history and if the momentum is sustained,
Pakistan looks to India for lifting ban on cotton exports
ISLAMABAD - Pakistan will address India's quantity restriction on cotton exports and will urge them to reciprocate their contractual sanctity as already shown by Pakistan on the onion exports issue.
According to official sources, Foreign Minister Shah Mehmood Qureshi provided this assurance to a delegation of All Pakistan Textile Mills Association (APTMA), led by Textile Minister Rana Farooq Saeed Khan, here on Friday. The minister said that the issue would be taken up with the
According to official sources, Foreign Minister Shah Mehmood Qureshi provided this assurance to a delegation of All Pakistan Textile Mills Association (APTMA), led by Textile Minister Rana Farooq Saeed Khan, here on Friday. The minister said that the issue would be taken up with the
Exports rise to record high in Dec
ISLAMABAD - Pakistan's exports exhibited a massive 35 percent increase and exceeded $2.12 billion in December last year. This figure, a record achievement in the 63 years history of Pakistan, was disclosed by the Ministry of Commerce here on Thursday.
A similar unprecedented growth of 20 percent in exports had been achieved from July to December 2010. Federal Minister for Commerce Makhdoom Amin Fahim congratulated exporters and the chambers on this landmark achievement. The
A similar unprecedented growth of 20 percent in exports had been achieved from July to December 2010. Federal Minister for Commerce Makhdoom Amin Fahim congratulated exporters and the chambers on this landmark achievement. The
Pakistani textile exports up 22.37 percent
ISLAMABAD - Federal Textile Industry Minister Rana Muhammad Farooq Saeed Khan has said that that textile exports picked up to and increased by 22.37 percent during the period from July to December 2010 compared to the same period in the last financial year.
Rana Farooq said that the prompt implementation of the textile policy chalked out in 2009 was steering the textile industry in right direction as can be seen in the sustained growth in textile exports in the last two years.
Rana Farooq said that the prompt implementation of the textile policy chalked out in 2009 was steering the textile industry in right direction as can be seen in the sustained growth in textile exports in the last two years.
Pakistan achieves highest monthly exports
KARACHI - Pakistan has achieved its highest ever monthly exports figure of $2.127 billion in December 2010. According to sources, national exports during December 2010 were valued at $2.127 billion which was 35.9 percent higher than the level of $1.566 billion during the same time last year.
On the other hand, the imports during December 2010 were valued at $3.751 billion registering a growth of 27 percent over the level of imports valued at $2.908 billion in December, 2009.
On the other hand, the imports during December 2010 were valued at $3.751 billion registering a growth of 27 percent over the level of imports valued at $2.908 billion in December, 2009.
Soaring exports ramp up rice prices
LAHORE - High exports have triggered a 25-30 percent increase in rice prices, market sources told Pakistan Today. Rice prices had stayed stable in the market in December as new rice (Kernal super) was available for Rs 2,800-3,000 per 50 kg or Rs 56-60 per kg. However, currently, prices have ballooned and are touching Rs 3,400-3,700 per 50 kg. Similarly, the prices of Basmati-386 have jumped to Rs 2,650 per 50 kg, whereas earlier, it was being sold for Rs 2,200 per 50 kg.
Prices
Prices
Textile exports increase by 26.88pc in five months
ISLAMABAD - Textile export registered an increase of 26.88 percent during the period from July to November 2010 as compared to the same period of the last financial year. According to the data available with Federal Bureau of Statistics (FBS) the export of raw cotton increased by 15.43 percent as about 49,688 metric tonnes of raw cotton worth $121.433 million was exported.
Meanwhile, the export of cotton yarn also grew by 17.80 percent The export of cotton yarn was recorded at
Meanwhile, the export of cotton yarn also grew by 17.80 percent The export of cotton yarn was recorded at
Govt ban on onion exports invites opposing positions
KARACHI - The imposition of a ban on the export of onions to India through land route will help to lower the domestic prices of the commodity. Welcoming the decision, the office bearers of All Pakistan Fruit and Vegetable Exports, Imports and Merchants Association (PFVA), have said that the unchecked export of onion through the Wagha border was causing the price hike in the domestic markets.
Speaking to Pakistan Today PFVA former Chairman Waheed Ahmed revealed that soon after the
Speaking to Pakistan Today PFVA former Chairman Waheed Ahmed revealed that soon after the
Textile exports rise by 26.88pc
ISLAMABAD - Textile group export registered an increase of 26.88 percent during the period from July to November 2010 compared to the same time last year. According to data available with Federal Bureau of Statistics (FBS), the export of raw cotton increased by 15.43 percent and about 49,688 metric tonnes of raw cotton was exported worth $121.433 million.
Meanwhile, the export of cotton yarn also grew by 17.80 percent as about 220,906 metric tonnes of yarn valued at $720.171
Meanwhile, the export of cotton yarn also grew by 17.80 percent as about 220,906 metric tonnes of yarn valued at $720.171
TDAP vows exports will cross $20b
KARACHI - Trade Development Authority of Pakistan (TDAP) Chief Executive Tariq Iqbal Puri addressing a luncheon meeting at Korangi Association of Trade and Industry (KATI), said that Pakistan will cross the barrier of $20 billion exports this year. He said that TDAP has many export-oriented projects in the pipeline and after receiving funds, they would be implemented soon. He said that TDAP is planning to take part in as many as 80 international exhibitions abroad, out of which 25
Food exports rise by 17.92 percent
ISLAMABAD - Despite the damage done to agriculture production in the summer floods, the export of various food products registered an increase of 17.92 percent during last five months of the current fiscal year.
The export of rice increased by 11.86 percent during the period from July to November 2010 compared to the same period of 2009. About 1.3 million metric tonnes of the rice was exported from the country valued at $779.049 million. According to the data collected by the
The export of rice increased by 11.86 percent during the period from July to November 2010 compared to the same period of 2009. About 1.3 million metric tonnes of the rice was exported from the country valued at $779.049 million. According to the data collected by the
Traders disinterested in wheat exports
ISLAMABAD: Exporter have shown no interest in purchasing wheat from government stocks even ten days after the ban on export of wheat and wheat products was lifted, official sources said. The Ministry of Commerce had notified changes in the Export Policy Order 2009 on December 13 allowing exports of wheat and wheat products after a gap of three years. The sources termed the current international price of $ 327 per tonne as the main reason for the lack of interest from exporters.
Wheat exports expected to commence from January
ISLAMABAD - Pakistan, Asia's third-largest wheat producer, is expected to restart exports in January after the government lifted a three-year ban earlier this month, traders said on Wednesday.
Traders in the country's commercial hub of Karachi said queries have been made by Bangladesh, Sri Lanka, Indonesia, Malaysia and some Middle Eastern countries, and confirmed orders are expected by the end of the month. "There is brisk activity in the market after the formal notification by
Traders in the country's commercial hub of Karachi said queries have been made by Bangladesh, Sri Lanka, Indonesia, Malaysia and some Middle Eastern countries, and confirmed orders are expected by the end of the month. "There is brisk activity in the market after the formal notification by
Onion exports to India ramp up domestic prices
LAHORE: Onion prices in the provincial metropolis have peaked at between Rs 80 to Rs 90 per kilogram in retail markets. Vegetable dealers claim that onion export to India through Wagha border has reduced local stocks and pushed up the price of the essential commodity in vegetable markets.
Vegetable vendors at Badami Bagh wholesale market said that the Punjab was already facing a vegetable shortage of around 30-40 percent owing to heavy flooding this year and vegetable exports to
Vegetable vendors at Badami Bagh wholesale market said that the Punjab was already facing a vegetable shortage of around 30-40 percent owing to heavy flooding this year and vegetable exports to
Textile exports go through the roof
KARACHI: Pakistan's textile industry is anticipating stunning growth of about $4.0 billion in the exports of its products in 2010-11 attributable to the increased value of products, quantitative growth and market access to the EU and China.
In 2009-10 the exports of textile products amounted to $10.40 billion while in 2010-11, the sector's exports are forecast to touch $14.40 billion, sources indicated to Pakistan Today on Tuesday. In the period July 2007 - June 2008, textile
In 2009-10 the exports of textile products amounted to $10.40 billion while in 2010-11, the sector's exports are forecast to touch $14.40 billion, sources indicated to Pakistan Today on Tuesday. In the period July 2007 - June 2008, textile
