Exports of engineering goods up by 20.19pc

[BHarwana]

ISLAMABAD: Exports of engineering goods during 11 months of the financial year closed on June 30, 2018, registering about 20.19 per cent growth when compared to the exports of the corresponding period of last year.

Engineering goods worth $190.633 million were exported during the period from July-May, 2017-18 as compared the exports of $158.610 million of the same period last year, according to the data of the Pakistan Bureau of Statistics (PBS).

During the period under review, auto parts and accessories worth US$ 15.546 million exported against the $12.55 million of the same period last year.

About 1,101 electric fans valuing $23.826 million were exported as compared the exports of 1,317 worth $25.298 million in eleven months of the last fiscal year.

During eleven months of the last financial year, exports of transport equipment worth $7.717 million were exported whereas as the country earned $41.451 million by exporting other electrical machinery.
During the period from July-May, 2017-18, exports of other chemicals also grew by 31.77 per cent and were recorded at $505.83 million as against the exports of $383.882 million of same period last year, it added.

Meanwhile, the exports of fertilisers also witnessed a growth of 632.74 per cent as during the period from July-May, 2017-18, about 234,145 metric tons of fertilisers manufactured worth $51.321 million were exported as compared the exports of 30,124 metric tons valuing $7,004 of the same period last year.

According to the data country earned $82.582 million by exporting cutlery products as compared the exports of $75.280 million of the same period last year, which was up by 9.70 per cent, it added.

However, the exports of pharmaceutical products decreased by 8.26 as it came down from $195.980 million in 11 months of fiscal year 20116-17 to $179.785 million during same period of the year ended on June 30.

About 9,102 metric tons of pharmaceutical products were exported in last 11 months of 2017-18 as compared the exports of 10,356 metric tons of same period last year, the data revealed.




https://profit.pakistantoday.com.pk/2018/07/06/exports-of-engineering-goods-up-by-20-19pc/

 

[Torch_v2.0]

Good !

 

[BHarwana]

Yes it is great that export are getting a boom of 20%

 

[Chakar The Great]

Excellent, its important to have diversity in exports. I hope it multiplies many folds in next 5 years.

 

[MultaniGuy]

A good move. We should invest in manufacturing. Look what Japan has achieved.

LOL, Japan got destroyed by USA during WW2 and they are the third largest economy.

While Pakistan got it's independence in 1947 and we have achieved less than Japan has.

We need better leaders and better education institutes!

 

[Samlee]

Exports Are Increasing But Imports Also Need To Be Controlled

 

[Cybernetics]

A good move. We should invest in manufacturing. Look what Japan has achieved.

LOL, Japan got destroyed by USA during WW2 and they are the third largest economy.

While Pakistan got it's independence in 1947 and we have achieved less than Japan has.

We need better leaders and better education institutes!

The most important aspect of a society is its people. The same is true for the economy. Although Japan and Germany's industrial base was devastated after WW2, they still possessed skilled people and industrialists that created their pre-war industrial system, their society and organization was damaged but still intact. The devastation was in the form of destroyed capital goods and wrecked internal market. It would be a matter of recovery, not building up the fundamentals from nothing. What they needed were capital inputs and a market and they would be able to recover from those elements and continue along from their previous base.

Japan was industrializing for 70 years before strategic bombings began. During that time they were building up its talent pool and societal optimization for industrialization.

The most important aspect of industrializing is developing the population. Without developing a population that has the skills and traits for industralization the society cannot sustainably industralize. Not everyone within a country has to be part of this population but it has to have critical mass.

The challenge for all developing nations is building up/attracting a population that can help the nation industrialize. Post WW2 Japan is not a good model. If we are to look at Japan as a reference, Meji Restoration period Japan would be a better choice or even Edo period foundations that were laid.

 

[Talwar e Pakistan]

The most important aspect of a society is its people. The same is true for the economy. Although Japan and Germany's industrial base was devastated after WW2, they still possessed skilled people and industrialists that created their pre-war industrial system, their society and organization was damaged but still intact. The devastation was in the form of destroyed capital goods and wrecked internal market. It would be a matter of recovery, not building up the fundamentals from nothing. What they needed were capital inputs and a market and they would be able to recover from those elements and continue along from their previous base.

Japan was industrializing for 70 years before strategic bombings began. During that time they were building up its talent pool and societal optimization for industrialization.

The most important aspect of industrializing is developing the population. Without developing a population that has the skills and traits for industralization the society cannot sustainably industralize. Not everyone within a country has to be part of this population but it has to have critical mass.

The challenge for all developing nations is building up a population that can help the nation industrialize. Post WW2 Japan is not a good model. If we are to look at Japan as a reference, Meji Restoration period Japan would be a better choice or even Edo period foundations that were laid.

Unfortunately, we are suffering from a massive brain drain as a large portion of our trained and skilled labour emigrate abroad due to higher pay; this leaves us in a critical shortage of skilled labour which has been detrimental to our development.

 

[MultaniGuy]

Unfortunately, we are suffering from a massive brain drain as a large portion of our trained and skilled labour emigrate abroad due to higher pay; this leaves us in a critical shortage of skilled labour which has been detrimental to our development.

How to attract skilled expat Pakistanis back to Pakistan is indeed something the Pakistani government should do.