Pakistan Imports Updates

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HAMBURG: The lowest price offered in the tender from Pakistan to purchase 500,000 tonnes of wheat which closed on Wednesday was believed to be $373.00 a tonne c&f, European traders said in initial assessments.

An estimated eight trading houses were believed to be participating in the tender.

The state agency Trading Corporation of Pakistan (TCP) is still considering the offers and no purchase has been reported, traders said.


Traders said these trading houses submitted offers, with tonnes submitted and prices in dollars a tonne c&f:

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Aston 120,000 $373.00
CHS 125,000 $384.40
Solaris 120,000 $384.91
Falconbridge 120,000 $387.79
Cargill 120,000 $393.00
Ameropa 110,000 $394.00
Agrocorp 110,000 $397.38
Bunge 110,000 $414.15
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Offers must remain valid for 80 hours after submission. All offers involved wheat from several optional origins.

The tender was issued after massive floods in September damaged farmland and crops, sweeping away homes, bridges, roads and livestock, causing an estimated $30 billion of damage.

But the country’s last tender on Sept. 30 ended without a purchase in thin participation due to uncertainty about new tender terms, especially a condition compelling a second quality inspection on wheat unloading in Pakistan in addition to the quality inspection in the port of loading.

The new tender is still believed to have a requirement for wheat quality testing at the port of unloading in Pakistan, traders said. But a requirement in the September tender that ships could not unload in Pakistan before the quality testing in Pakistan was completed has been removed, traders said.

Shipment in Wednesday’s tender is sought in 2022 in consignments of at least 100,000 tonnes between Nov. 13-Nov. 18, Nov. 21-Nov. 26, Nov. 29-Dec. 4, Dec. 7-Dec. 12 and Dec. 15-Dec. 20. Shipments must be organised so that all wheat arrives in Pakistan by Jan. 10, 2023.

 

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Pakistan’s Machinery Imports Slump by 40% in First Four Months of FY23​

ProPK
Nov 17, 2022


Pakistan’s machinery group imports witnessed a negative growth of 40.16 percent first four months (July-October) of the current fiscal year 2022-23 (FY23) and stood at $2.226 billion compared to $3.720 billion during the same period of last fiscal year, says Pakistan Bureau of Statistics (PBS).

The data on exports and imports released by PBS revealed that the monthly machinery group imports declined to $457 million during October 22, which is a 9-year low according to Arif Habib Limited.

Power generation machinery registered 69.88 percent negative growth during the first four months of FY23 and stood at $207.578 million compared to $689.226 million during the same period of the last fiscal year.

Petroleum group

Petroleum group imports witnessed a negative growth of 2.31 percent during the period under review and stood at $6.054 billion compared to $6.197 billion during the same period of last fiscal year.

Petroleum group imports registered 24.03 percent negative growth on a month-on-month (MoM) basis in October 2022 and stood at $1.188 billion compared to $1.563 billion in September and registered 25.94 percent negative growth on a year-on-year (YoY) basis when compared to $1.604 billion in October 2021.

Petroleum products witnessed 1.75 percent negative growth during the first four months of FY23 and stood at $2.844 billion compared to $2.894 billion during the same period of the last fiscal year.

On MoM basis, it stood at $455.341 million in October 2022 compared to $730.113 million in September 2022 and registered 37.63 percent negative growth. On a YoY basis, petroleum products imports witnessed a negative growth of 36.67 percent when compared to $719.034 million in October 2021.

Petroleum crude imports witnessed a growth of 6.61 percent during the first four months of FY23 and stood at $1727 billion when compared to $1.620 million during the same period of last year. On a MoM basis, petroleum crude imports registered 17.35 percent negative growth and stood at $372.322 million compared to $450.503 million in September 2022. On a YoY basis, petroleum crude imports witnessed a growth of 1.93 percent when compared to $365.288 million in October 2021.

Natural gas (liquefied) imports witnessed a negative growth of 15.55 percent during the first four months of the current fiscal year and stood at $1.286 billion compared to $1.499 billion during the same period of the last fiscal year.

Agricultural and other chemicals

Agricultural and other chemicals group imports witnessed 23.58 percent negative growth during the first four months of the current fiscal year and stood at $3.477 billion compared to $4.550 billion during the same period of the last fiscal year.

Transport group

Transport group imports witnessed 46 percent negative growth during the first four months of the current fiscal year and stood at $801.582 million compared to $1.484 billion during the same period of the last fiscal year.

Food group

Food group imports witnessed 9.81 percent growth during the first four months of the current fiscal year and stood at $3.431 billion compared to $3.127 billion during the same period of the last fiscal year.

Overall imports

The country’s overall imports during the period under review stood at $21.093 billion (provisional), compared to $25.084 billion during the corresponding period of last year showing a decrease of 15.91 percent.

Imports in October 2022 stood at $4.711 billion (provisional) as compared to $5.347 billion in September 2022 showing a decrease of 11.89 percent and by 26.03 percent as compared to $6.369 billion in October 2021.

The main commodities of imports during October 2022 were Petroleum products (Rs. 100,436 million), Petroleum crude (Rs. 82,124 million), Natural gas, liquified (Rs. 65,485 million), Palm oil (Rs. 59,739 million), Plastic Materials (Rs. 47,301 million), Iron & steel (Rs. 38,517 million), Raw cotton (Rs.29,943 million), Iron & steel scrap (Rs. 26,037 million), Electrical machinery & apparatus (Rs. 24,058 million) and Medicinal products (Rs. 23,234 million).

Pakistan’s trade deficit narrowed by 26.20 percent during the first four months (July-October) of the current fiscal year and stood at $11.530 billion compared to $15.624 billion during the same period of the last fiscal year.

Pakistan’s Machinery Imports Slump by 40% in First Four Months of FY23

Pakistan’s machinery group imports witnessed a negative growth of 40.16 percent first four months (July-October) of the current fiscal year 2022-23 (FY23)

propakistani.pk

 

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Medicinal products import drop by 66.70%​

by Ishaq

ISLAMABAD: The import of medicinal products witnessed a decline of 66.70 percent during the first four months of the current fiscal year (2022-23) as compared to the corresponding period of last year.

Pakistan imported medicinal products worth $447.701 million from July-October (2022-23) as compared to the imports of $1434.613 million from July- October (2021-22), according to the Pakistan Bureau of Statistics (PBS).

In terms of quantity, however, medicinal imports witnessed a surge of 46.06 percent, as the country imported 13,619 metric tonnes of medicinal products during the months under review as compared to the imports of 9,324 metric tonnes last year.

Meanwhile, on a year-on-year basis, medicinal imports into the country during October 2022 decreased by 63.31 percent, from $287.090 million in October 2021 to $105.337 million.\

On a monthly basis, medicinal imports during October 2022 also dipped by 37.71 percent when compared to the imports of $169.095 million in September 2022. (APP)

 

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Updates ....

 

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Gwadar, Balochistan..

Wheat that landed at Gwadar port from Russia has been sent to other parts of the country.
The price of flour will decrease soon and flour will be easily available..