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Pakistan Export Updates

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Cutlery exports witnessed record increase of 11.32%


by The Frontier Post





ISLAMABAD (APP): The exports of cutlery during the first two month of FY 2021-22 grew by 11.32 percent as compared to the exports of the corresponding period last year.

During the period from July-Aug 21, cutlery worth US $ 9,225 were exported as compared to the exports of US $ 8,287 of the same period of last year.

According to the data released by the Pakistan Bureau of Statistics, the exports of Onyx Manufactured were increased by 52.36 percent, worth the US $ 387 were exported as compared to worth the US $ 254 of the same period last year.

Meanwhile, the exports of Chemicals and Pharm.Products increased by 73.45 percent, worth the US $ 113,813 thousand were also exported in the current financial year as compared to the exports of valuing the US $ 65,619 of the same period of last year.

During the period under view, Surgical goods and Medical instruments exports decreased by 6.75 percent, as worth US $ 30,678 were exported in the current fiscal year as compared to the exports of valuing the US $ 32,899 of the same period of last year.


Sports goods exports witness record 25.63 % increase


The Sports goods exports during the first two month of fiscal year of 2021-22 grew up by 25.63 per cent as compared to the exports of the corresponding period of last year.

During the period from July-Aug 2021, sports goods worth of US $ 24,060 thousand were exported as compared to the exports of US $ 19,152 thousand of same period of last year.

According to the data released by the Pakistan Bureau of Statistics, the exports of Footballs was increased by 18.79 percent, worth US $ 11,032 thousand exported as compared to exports worth US $ 9,287 thousand during same period of last year.

Meanwhile, gloves exports also increased by 18.82 per cent as the exports during current fiscal year recorded at worth US $ 6,111 thousand as compared to the exports during the same period of last year which recorded US$ 5,143 thousand.

During the period under review, others exports increased by 46.48 per cent, worth US $ 6,917 thousand exported in current fiscal year as compared to the exports of valuing US $ 4,722 thousand of same period of last year.

Leather Manufacturers exports witness record 8.21%


The Leather Manufacturers exports during the first two month of fiscal year of 2021-22 grew up by 8.21 per cent as compared to the exports of the corresponding period of last year
During the period from July-Aug 2021, Leather Manufacturers worth US$ 106,284 exported as compared to exports worth US$ 98,218 during same period of last year.

According to the data released by the Pakistan Bureau of Statistics, the exports of Leather Garments increased by 8.50 percent, worth of US$ 56,985 were exported as compared to the exports of US$ 52,520 of same period of last year.

Meanwhile, Leather Gloves exports also increased by 7.35 per cent as the exports during current fiscal year recorded at worth US$ 46,272 as compared to the exports during the same period of last year which recorded US$ 43,105.

During the period under review, other Leather Manufacturer exports increased by 16.74 per cent, worth US$ 3,027 exported in current fiscal year as compared to the exports of valuing US$ 2,593 of same period of last year.
 

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Record meat exports at 95,991 tonnes in FY21

Aamir Shafaat Khan
September 23, 2021



Meat shop at Burns Road in Karachi.—Fahim Siddiqi / White Star

Meat shop at Burns Road in Karachi.—Fahim Siddiqi / White Star

KARACHI: Pakistan exported 95,991 tonnes (worth $333 million) meat and meat preparations in FY21 — an all-time high figures — against 83,749 tonnes ($304m) a year ago. However, the average per tonne price (APT) remained low at $3,473 as compared to $3,631 in FY20.


The new fiscal started with a twist as the APT price soared to $4,234 in July-August 2021-22 from $3,444 in the same period in the last fiscal year despite drop in quantity to 11,702 tonnes ($49m) from 14,974 tonnes ($51.5m) in the same period FY21, down by 22pc in quantity and 4pc in value.

Exports have been facing a downward trend from July 2021. As per figures of Pakistan Bureau of Statistics (PBS), in July 2021, exports plunged to 5,889 tonnes ($25m) from 8,176 tonnes ($28m) in July 2020. The APT price stood at $4,182 in July 2021 versus $3,465 in July 2020.

In August 2021, exports stood at 6,047 tonnes ($25m) as compared to 6,798 ($23m) in the same month in 2020. The APT went up to $4,213 from $3,418 in the above period.
In the last 10 years, exports hovered in the range of 56,000-85,000 tonnes.

Pakistan’s meat exports have been struggling to compete with the exporters of African countries who have been offering competitive prices for shipments to the Middle East markets than local exporters, Managing Director of PK Livestock Tariq Mehmood Butt said.

However, massive rupee devaluation against the dollar from May 2021 till to date has provided a much breathing space for the exporters, he said. However, high local meat prices have diluted the positive impact of rupee fall against the greenback. One dollar was equal to Rs152 in May 2021 as compared to Rs169 now in the interbank market, Mr Butt added.

He explained that the cattle mandi and quarantine fees were taken by the government, thus pushing up costs and decreasing competitiveness of exportable items.

Pakistan exports 98pc of meat and meat preparations to the ME markets by air. The share of beef is 95pc of total exports; he said adding that Tanzania, Kenya, Ethiopia and Sudan are giving a tough time to Pakistani exporters.

Mr Butt opined that consumers’ buying power has remained depressed owing to rising prices of various food items after the start of Covid-19 and frequent market closures from February/March 2020 to date. Even in Pakistan, many consumers cannot afford to buy costly mutton and beef, he added.

Looking unsatisfied over the official figures available in Pakistan Economic Survey (PES) FY21 regarding rising livestock production, he claimed that livestock production has been falling for the last three years instead of showing any growth.

PES shows cattle, buffalo and goat production of 51.5m, 42.4m and 80.3m in FY21 as compared to 47.8m, 40m and 76.1m in FY19. Beef and mutton production rose to 2,380,000 and 765,000 tonnes in FY21 as compared to 2,227,000 and 732,000 tonnes in FY19.

He argued that goat farmers have gone on back foot in the last three years while big animal growers have also become reluctant in the last 1.5 years in investing in livestock farming owing to low demand triggered by high meat prices and inflationary trend in overall food prices.

Talking to Dawn, Chairman of Dairy and Cattle Farmers Association (DCFA) Shakir Umar Gujjar did not agree with the PES production figures of livestock, saying that these were based on estimated figure based on inter census growth rate of livestock census 1996 and 2006.

He said calf and milk-producing cows are being slaughtered to meet the demand of meat which is resulting in shortage of animals. He said buffalo price is now Rs450,000 as compared to Rs100,000 few years back.

Consumers have been paying higher prices for veal and mutton meat for the last few years. Mutton sells between Rs1,400-1,600 per kg as compared to Rs1,000 per kg three years back followed by Rs720-750 and Rs820-850 per kg for veal with and without bones which are priced at Rs480 and Rs580 per kg. Meat merchants have been attributing rising prices of meat to surging meat exports.
Published in Dawn, September 23rd, 2021
 

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Export target of $38 billion set for FY 2022:


BR Web Desk
29 Sep 2021





The government has set a target of $38 billion for exports of goods and services for the ongoing fiscal year, said Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood on Wednesday, expressing optimism that the number would register a nearly 40% year-on-year growth.


While addressing the first pharmaceutical export summit in Islamabad, Dawood said that the target was set after consultations with the prime minister and relevant ministries including finance, energy, industries, and others.


The advisor said that despite the stated target, the government would try to exceed it and reach $40 billion for FY22, expressing confidence that the industries and farmers will play their role in helping the government achieve it.

Talking about the tariff structure, he said that he has conveyed to the prime minister that setting tariffs for Pakistan's industries should not be the prerogative of the Federal Board of Revenue (FBR) and be shifted to the Ministry of Commerce.

“Tariff rationalisation is part of our 'Make in Pakistan' strategy,” he said. "Further tariff rationalisation will be done in the next budget in order to facilitate different industries including the farmers."

Last month, Dawood expressed hope that by the last fiscal year of the current government's tenure, ie, 2023, the country's exports would reach $50 billion by following the policy of trade diversification in potential trade sectors and markets.

Export diversification, focus on non-traditional sectors, and increasing exports to new markets, including Africa, would not only enhance the volume of the country's exports but would also help to achieve the export targets, the adviser said.

"Geographical trade diversification and search for new markets will further increase our exports," he said.
Pakistan recorded exports of nearly $27 billion in FY21, higher than the previous year. However, many believe there is room for growth, especially as the rupee has depreciated to an all-time low against the US dollar, making the exports cheaper.
 

ghazi52

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Pakistan's gleaming pavilion of mirrors
Maheshpreet Narula, Dubai

Also in the Opportunity District is Pakistan’s pavilion. Designed by the architects at Al Jabal Engineering, it’s a colorful display especially under the beaming sun.
As you walk inside, the Coke Studio version of the classic song Dam Mast Qalandar plays. Inside is a stunning replica of the Sheesh Mahal from Lahore Fort – the “Palace of Mirrors” built by Emperor Shah Jahan. This stunning display was assembled in Pakistan before it arrived in the UAE.



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ghazi52

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Basmati: damn thy luck!

BR Research
01 Oct 2021




According to PBS, quantum of basmati exports increased by 40 percent during 2MFY22, highest volumetric increase witnessed among key export commodities from Pakistan during the period. As market welcomes hopeful news regarding crop performance from the farms in the ongoing season, is Pakistan’s basmati export set to break fresh records?

Hardly. At current pace, basmati export quantum will clock in below 0.8 million tons for the full year FY22, not even among the top-10 years for basmati export report card. The quantum increase during 2MFY22 only looks rosy due to low base effect from the pandemic year, and pales into comparison against export performance just a year earlier. That said, basmati’s performance during 2MFY22 is still second-best in past 10 years, as memories of fixed exchange rate (2014-17) fades away.




So, what’s good and what not so much? Exporters point fingers at 'freight charges gone wild’. Although the disruption of by-sea supply chain – and resulting increase in freight cost - is very much a global phenomenon – exporters complain that containers are simply unavailable for shipment causing delays and even cancellation of orders. Although that appears to be a convenient explanation for the slowdown (compared to 2MFY20) it fails to explain why import shipments haven’t shown signs of abatement. Afterall, containers that land on Karachi’s shores can’t prefer to be shipped back empty.
Whatever the truth behind state of containerized shipments, it is definitely not the only explanation for slowdown in rice export earnings. Basmati export earnings have also taken a severe beating at the hands of pricing, as average unit price of exports witnesses its fourth year of decline (compared to Jul-Aug in previous years).





In fact, basmati prices in the international market are trading below $750 per ton, lowest in at least 5-years.

To make matters worse, both basmati producers – India and Pakistan – have witnessed quantum jump in domestic production during this 5 year period. Consider that subcontinent’s basmati output has grown by 20 percent in the past four years to 12 million tons, of which share of eastern neighbour is at least above two-third. The export market is sized at 5 million tons, in which Pakistan’s share is just under one-fourth.





Unfortunately, Pakistan’s return to the export market – post currency depreciation of FY19 - has coincided with a substantial rise in local output in the two basmati origin nations. However, even that’s an incomplete explanation. According to World Bank, rice varieties – of all types and geographic origins – stand apart as conspicuous exception to the ongoing global commodity price spiral. Based on USDA forecast, global rice output is set to remain stable above 500 million tons in 2021-22. According to FAO, rice crops have been protected from the productivity damage seen across several major crops during 2021, and may just prove to be the reason why the ongoing international commodity price spiral shall not turn into a global food crisis, especially in Global South.






That said, the situation offers little hope for Pakistan’s basmati exporters, who may see export volumes plateau at FY20 levels. But a lot may come to depend on the pricing offered by Indian exporters over coming winter season, which in effect sets the tone for pricing for rest of the year.
 

ghazi52

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Imran for exploiting potential of salt, pharmaceutical sectors


APP
October 2, 2021


ISLAMABAD: Prime Minister Imran Khan on Friday directed the authorities concerned to take steps to exploit full potential of exports diversification in salt and pharmaceutical sectors.

Chairing a meeting of the National Export Development Board, the prime minister said the government was focused on creating business-friendly environment in the country for strengthening economy and increasing employment opportunities.

The prime minister emphasised that business community should adopt modern technologies to achieve maximum value addition.

Solar salt project aims to boost exports by $400m in 2023
The meeting was attended by Finance Minister Shaukat Tareen, Minister for Industries and Production Khusro Bakhtyar, Commerce Adviser Abdul Razak Dawood, Special Assistant to PM (SAPM) on Health Dr Faisal Sultan, SAPM on Political Communication Dr Shahbaz Gill, CEO Drug Regulatory Authority of Pakistan (DRAP) Asim Rauf, representatives of pharmaceutical and salt sectors and senior officials.

PM Khan was briefed on the potential of diversification of exports, especially in salt and pharmaceutical sectors. He was briefed that Pakistan was blessed with all types of salt available in the world including rock salt, sea salt and lake salt.

With a reserve size of 6.2 billion tonnes, Khewra Salt Mine is the second largest salt range in the world. Pakistan has also sea salt reserves along 1,050 kilometre long coastline.

Almost 60 per cent of total 350 million tonnes global salt consumption is made by the chemical industry.

Pakistan’s current annual salt production is 4m tonnes, whereas just 0.3m tonnes are being exported each year.

The government of Balochistan and Hub Salt have initiated a new Solar Salt project to tap Pakistan’s huge potential in salt export. This new Solar Salt Project will be the world’s largest salt works facility and will boost the salt exports by $400m in 2023 and will continue to grow by $200m per annum in subsequent years.

Moreover, it was told that currently Pakistan’s pharmaceutical exports are worth $275m with a growth potential of $74.3bn. This growth potential can be materialised by investing in the machinery and equipment, streamlining the registration process for Pakistani medicines, entering into joint ventures with reputed multinational companies and the appointment of sales and marketing teams in international markets for brand building.

Published in Dawn, October 2nd, 2021
 

ghazi52

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Sports goods’ export increase 11% in 2 months

Mon, 11 Oct 2021,

1633972535993.png



ISLAMABAD, Oct 11 (APP): The exports of sports goods witnessed an increase of 11.23 percent during the first two months of ongoing financial year (2021-22) as against the exports of corresponding period of last year.
The country exported sports goods worth $ 50.415 million during July-August (2021-22) against the trade of $ 45.325 million during July-August (2020-21), showing growth of 11.23 percent, Pakistan Bureau of Statistics (PBS) reported.

During the months under review, the export of footballs also increased by 5.25 percent from $21.828 million last year to $22.973 million during current year under review while the exports of gloves however witnessed decline of 1.59 percent from $12.262 million to $12.067 million.

In addition, the exports of all other sports good however witnessed an increase of 36.85 percent by going up from $11.235 million to $15.357 million during the period under review.

Meanwhile, on year-on-year basis, the exports of sports products during August 2021 rose by 25.63 percent to $24.060 million when compare to the exports of $19.152 million during August 2020, the PBS data revealed.

During the period under review, the exports of footballs and gloves also increased by 18.79 and 18.82 percent respectively while the export of all other sports products increased by 46.48 percent.

On month-on-month basis, the exports of sports products went down by 8.71 percent in August 2021 when compared to the exports of $ 26.355 million in August 2021.

During the month under review, the exports of footballs decreased by 7.61 whereas the export of gloves increased by 2.60 percent, the data revealed.
 

ghazi52

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Tobacco exports surge 48% in 2 months

The Frontier Post





ISLAMABAD (APP): The exports of tobacco from the country witnessed an increase of 48.51 percent during the first two months of financial year (2021-22) as compared to the corresponding period of last year.

Pakistan exported tobacco worth US $ 5.195 million during July-August (2021-22) as compared to the exports of US $ 3.498 million during July-August (2020-21), showing growth of 48.51 percent, according to the Pakistan Bureau of Statistics (PBS).

In terms of quantity, the exports of tobacco also rose by 98.35 percent as the country exported 2,327 metric ton of tobacco during the period under review as compared to the exports of 1,173 metric ton during last fiscal year.

Meanwhile, on year-on-year basis, the tobacco exports also increased by 219.47 percent during the month of August 2021 as compared to the same month of last year.

The tobacco exports in August 2021 were recorded at $4.249 million against the exports of US $ 1.330 million in August 2020, the PBS data revealed.

On month-on-month basis the export of tobacco surge by 349.15 percent in August 2021as compared to the exports of US $ 0.946 million in July 2021.
 

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