• Tuesday, March 19, 2019

Pakistan's exports to India may reach $1 billion

Discussion in 'Pakistan Economy' started by Khan_21, May 11, 2016.

  1. Khan_21

    Khan_21 SENIOR MEMBER

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    http://www.dawn.com/news/1257545/exports-to-india-may-reach-1bn

    ISLAMABAD: Minister Khurram Dastgir Khan said on Tuesday that Pakistan’s exports to India will reach $1 billion mark within a year.

    “There is a lot of potential for Pakistani textile products in India,” the minister said while meeting a delegation of Pak-India Business Council (PIBC) led by Yawar Ali Shah, a press release said.

    Mr Dastgir opined that the Pakistan is the cost-effective market for India to import raw material for its agriculture and textile.

    “Trade concessions to India cannot be offered unilaterally. India also needs to extend access to Pakistani products,” the minister added.

    The delegates informed the minister that Indian food manufactures were looking for Pakistani agriculture products including mangoes, kinno and green peas.

    The delegation was informed that the commerce ministry had restructured National Tariff Commission (NTC) in line with the legal framework guided by the Supreme Court of Pakistan.

    KP TO GET EXPO CENTRE: A delegation of Pakistan Commercial Exporters Association called on Mr Dastgir to discuss gems and jewellery exports.

    Assuring full support to the group, the minister said the government will solicit resources until the export fraternity comes forward and mobilises its resources.
     
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  2. Perpendicular

    Perpendicular FULL MEMBER

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    Pakistan should open the way to trade to Afghanistan and see this figure grows exponentially. Pakistan is killing it's industries by allowing dumping from China, literally.
     
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  3. Ryuzaki

    Ryuzaki SENIOR MEMBER

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    India imports some food products when there is deficiency,like potatoes,onions etc
     
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  4. AbRaj

    AbRaj BANNED

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    :disagree:
     
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  5. Zibago

    Zibago ELITE MEMBER

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    I expected it to be lower
     
  6. Ryuzaki

    Ryuzaki SENIOR MEMBER

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    How much is is India's exports to Pakistan?
     
  7. Kaniska

    Kaniska SENIOR MEMBER

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    How about Cement export from Pakistan to India...If my impression is correct, Pakistan produces enough Cememt than can be exported to Indian market.
     
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  8. Nilgiri

    Nilgiri ELITE MEMBER

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    In 2015, India exported 2 billion dollars worth of goods (officially and directly) to Pakistan and imported 450 million worth from Pakistan in same fashion. Source: http://comtrade.un.org/data/

    Actual trade is much higher since it is routed through the UAE and other places because Pakistan wont give MFN status to India.
     
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  9. JD_In

    JD_In SENIOR MEMBER

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    we have excess capacity now..we import when we see cement cartel increases the prices..but due to slowdown everywhere..prices of cement and steels are stable..
     
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  10. tsinga

    tsinga FULL MEMBER

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    There is definitely cartelization of Cement manufacturer's in India.
     
  11. risingsinga

    risingsinga FULL MEMBER

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    Pakistan needs to maintain a balanced trade through regulations and duties. Normally Indian products are substandard so anti dumping and higher import duties can balance it out.
     
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  12. JD_In

    JD_In SENIOR MEMBER

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    If relationship between two improves..Pakistan has great potential to export its skilled IT professionals to India...the remittance will be in billions...also, we can trade in our own currency rather than using dollars..Indian auto and telecom giants can setup units in Pakistan generating huge employment...there is lot of potential but we are stuck in something called as Kashmir...
     
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  13. Skull and Bones

    Skull and Bones ELITE MEMBER

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    I think Cement and onions are majority of it.
     
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  14. JD_In

    JD_In SENIOR MEMBER

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    can u pls provide some authentic source to prove your allegation? I know, we cant compare our products and services with Japan, Germany and US...but we are much much better than China and many others..
     
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  15. Nilgiri

    Nilgiri ELITE MEMBER

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    2015 was not so much as there was an oversupply because demand in India was not growing so much as before.

    But 2016 we are seeing a slow shifting of gears:

    http://articles.economictimes.india...ity-utilisation-india-ratings-research-ind-ra

    So there may indeed be a good seasonal based local demand for cement from Pakistan around the border areas...(like there already is for Bangladeshi cement in North East India)

    India has imported cement from pakistan in decent quantity in previous years IIRC especially when Indian economy was in major expansion mode.
     
    Last edited: May 11, 2016