Pakistan Export Updates

[ghazi52]

Pakistan will accomplish its mango export target of $150 million by the end of 2020 season, overthrowing the predict that the export will be affected due to the epidemic.

Actually, the country already surpassed its Mango export target by 45,000 tons.

 

[ghazi52]

Work in progress IT ministry keen to boost exports
Work in progress IT ministry keen to

ISLAMABAD: The government is taking steps for the development of IT and telecom sector, said Federal Minister for Information Technology and Telecommunication Syed Aminul Haque. Chairing the seventh meeting of the Prime Minister’s Taskforce on IT and Telecom on Wednesday, the minister discussed matters pertaining to spectrum, fiberisation, and IT exports.
He said that youth are the asset and work is underway on different projects for creating employment opportunities for them through IT industry. He said that the IT ministry was committed to increasing IT exports and manufacturing of quality mobile phones in Pakistan.
Haque added that work regarding fiberisation was ongoing and steps were being taken for provision of broadband services in unserved and underserved areas of the country.
He said that he will meet the Sindh chief minister to discuss ending sales tax on IT export revenue, adding that IT industries are moving from Sindh to other provinces due to sales tax on IT export revenue.

Published in The Express Tribune, August 27th, 2020.

 

[ghazi52]

Pakistan exports 7,000 tons of mangoes to Saudi Arabia

Volume grows nearly 100% compared to export of 3,700 tons last year

August 30, 2020

KARACHI: Defying all the odds posed by the coronavirus pandemic, Pakistan’s traders have exported over 7,000 tons of mangoes to Saudi Arabia in the current year, which is nearly twice the volume exported last year.

In a statement on Saturday, Pakistan Consul General in Jeddah Khalid Majid recalled that the country had exported only 3,700 tons of mangoes last year.

“Pakistan is the second largest mango exporter to Saudi Arabia,” he said at a mango tasting ceremony hosted by him at his residence in Jeddah.

Pakistan produces, on average, 1.75 million tons of mangoes annually, which makes it the sixth largest producer of the fruit in the world, according to Majid.

Pakistan surpassed the overall mango export target by a substantial margin during the current season and shipped 125,000 tons of mangoes to overseas markets despite facing stiff challenges in the wake of Covid-19 pandemic.

Keeping in view the pandemic and its subsequent impact on trade, the government set the mango export target at 85,000 tons for the current season.

“All nationalities in the Gulf Arab region like the sweetness and aroma of Pakistani mangoes,” said Majid.
The mango season kicks off in Pakistan in May every year and continues till the end of October. However, due to the Covid-19 pandemic and suspension of international flights, local mangoes became available in Arab markets from June 2020 on wards.

“People from different countries seem to rush to buy Pakistani mangoes when they reach the market,” said Muhammad Adeel, a Pakistani expatriate residing in Jeddah. “Mangoes disappear pretty soon from shops, which means our exporters should increase supply by as much as they can.”

According to him, the rise in mango supply will not only benefit the exporters but also the country as it will fetch valuable foreign exchange.

Pakistan’s current account recorded a surplus in July this year and the trend should continue, which was only possible when the country increased its exports, he said.

At the event organised by the consul general, assorted mango dishes including mango pulp, milkshake, smoothies, ice cream and cakes were displayed and participation was kept limited in compliance with the local restrictions due to Covid-19-related precautionary measures.

Event participants appreciated the consulate general’s mango diplomacy and the promotion of soft image of Pakistan, which would open new trade links between Pakistan and Saudi Arabia.

Different varieties of Pakistani mangoes such as Sindhri, Chaunsa, Anwar Ratol and Langra were showcased and they were tasted by guests, which included Arab dignitaries, diplomats and Pakistani diaspora.

Published in The Express Tribune, August 30th, 2020.

 

[Samlee]

Had We Taken Advantage of Trade War Things Would Be A Lot Better But Sadly We Didn't

 

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[ghazi52]

 

[ghazi52]

Pakistan plans hemp production with eye on global cannabis market.

The move comes as Prime Minister Imran Khan's government struggles to boost the country's foreign exchange coffers that have been drained by a struggling economy, fiscal deficits and inflation.

Pakistan has unveiled plans to allow the industrial production of hemp, spurring hopes farmers and businesses in the country will be able to tap into the lucrative global cannabis market.

The move comes as Prime Minister Imran Khan's government struggles to boost the country's foreign exchange coffers that have been drained by a struggling economy, fiscal deficits and inflation.

"This hemp market could provide Pakistan with some $1 billion in the next three years and we are in a process of making a full-fledged plan for this purpose," science and technology minister Fawad Chaudhry told reporters
.

 

[ghazi52]

SMEs manage to fulfill export orders

Despite lockdown, auto enterprises continue to secure foreign orders

Usman Hanif
September 13, 2020

Pakistan needs to diversify exports by especially focusing on sectors like halal food, IT, pharmaceuticals, etc.

KARACHI: The small and medium enterprises (SMEs) in the auto sector have managed to secure and deliver foreign orders, amid a lockdown fuelled by the Covid-19 outbreak.

A tier-1 SME manufacturing unit, which specialises in auto interior parts, exported an order of its products to a client in United Kingdom during lock down, shared Mehran Commercial Enterprises (MCE) Director Export Mashood Khan.

Located in the Korangi Creek Industrial Park Karachi, MCE exports parts for the tractor industry. Khan told The Express Tribune that majority of the exported parts comprised of interior cabin components for tractors and was manufactured completely in Pakistan.

He said that they were able to secure the order and produce the merchandise while it was implementing work-from-home. “Our economy direly needs to uplift exports and there are numerous hidden treasures in the country that we can start with,” he said.

In July 2020, Pakistan exported engineer goods worth $15.7 billion, out of which $648,000 worth transport equipment was exported, according to the PBS.

Meanwhile, Landhi Engineering Works chief said that participation in different international fairs helped them gain contracts, which they tried to complete on time to remain competitive.

“During the lock down, we could not go abroad to attend exhibitions but we managed to get orders online and then complete them in due time,” he added. Galaxy Polymer Engineering Director Abdul Rahman said that to expand the export business, challenges like compliances as per European standards are the need of the hour.


Published in The Express Tribune, September 13th, 2020

 

[FuturePAF]

Pakistan should find an export route for its silt stuck behind the dams. Call it “Himalayan Silt“ and find a way to get it into the global agriculture market. The funds can help pay for the removal of silt and other sediment behind the dams, thereby increasing the storage capacity of our existing dams and all planned for dams.

 

[ghazi52]

Pakistan earns US $1438 million from IT services exports during FY 2019-20 ....

 

[ghazi52]

Pakistan's textile sector back at full capacity

Production jumps as containment of virus prompts global buyers to order from Pakistan


Salman Siddiqui
September 20, 2020

KARACHI: Textile industry – the single largest export earning sector of Pakistan – has scaled up productions to pre-Covid-19 level of full-capacity, as a significant improvement in containment of the pandemic in the country led the world buyers to partially divert their orders to domestic manufacturers.
The much-needed growth in textile production is, however, achieved through a big jump in the import of basic raw materials – cotton and man-made yarn – after the recent heavy rainfall and pest attack damaged notable portion of cotton crops in the fields to a multi-year low.

The share of textile in annual export earnings stands at 60%.

"Textile industry has revived to pre-Covid-19 level, as precautionary measures to safeguard people from the virus and industry-specific economic measures by the government have helped at length to resume production to full capacity," All Pakistan Textile Mills Association (Apmta) former vice-chairman Asif Inam said while talking to The Express Tribune.

He elaborated that the full-capacity production is excluding those textile units which closed down during the crisis. They are few in number and are trying to return to work gradually. However, the number of the affected units remained unknown, he said.

Overall, Pakistan's textile industry is operating exceptionally, in a much better position compared to regional competitors as well. There are world buyers who have diverted their orders to Pakistan from China, India and Bangladesh for different reasons including US-China trade war and halt in production in India with worsening of Covid-19 crisis there.

The number of export orders may increase in the time to come with recovery from the pandemic in export countries and regions, including the US and Europe. They are fighting against the second wave of the pandemic, while some of them have again imposed lockdowns to deal with the situation at present.
Secondly, the industry recovered on a fast pace with the government's support in the shape of rationalising energy price to a regional competitive level, the continued supply of raw material and subsidised financing for the expansion of production and setting up new units.

"All these were the long pending demands of the industry to become competitive at the regional and international level. We had put such demands in front of several previous governments time and again, but this government has kept its words and delivered to the industry," Inam added.
"I hope the government will continue to support the industry…to achieve the next milestone of going on expansion," he said. "The government should extend the deadline for setting up new textile units on subsidised interest rates for one year, as it expires in March 2021.”
“There are many industrialists considering expansion in production with an increase in export orders.”

Cotton production, import
Pakistan has to import five million bales (of 225 kilograms each), which comes equal to estimated local production of eight million bales (of 150 kilograms each) this year, imports are estimated to cost around $1.8 billion.
This is a huge task. “We have just started the imports after coming out of the challenging times under Covid-19. But we are compelled to import cotton after local production remained sluggish for another year," he said.
Pakistan saw a jump of almost 1,000% in import of cotton in dollar-term at $67.43 million in August compared to $6.30 million in the same month of last year, according to the Pakistan Bureau of Statistics (PBS).
The import of cotton surged 255% in the first two months (July-August) of the current fiscal year 2021.
Pakistan Cotton Ginners Association (PCGA) former chairman Dr Jassu Mal Leemani said the recent heavy rainfall has damaged 200,000-300,000 bales in Sindh and another 300,000-400,000 bales damaged in Punjab due to pest and whitefly attack in Punjab.
Besides, farmers have sown cotton on the lower area this year due to non-availability of quality seeds for the past several years.
The cotton production is on a decline since Pakistan achieved record-high production around 15 million bales in 2015-16, he recalled.

 

[ghazi52]

Pakistan's leather manufactures worth of US $98.23 million were exported during the first 2 months of the current fiscal year (FY21) ,an increase by 8.39% compared to the same period last year, according to Pakistan Bureau of Statistics..

 

[ghazi52]

Pakistani cotton yarn exports to China surge

Guangdong province imports locally produced low-count sirospun yarns


October 04, 2020

SHANGHAI: Pakistan exported $54.613 million worth of cotton yarn in August, registering a year-on-year decline of 51.36%, according to the Pakistan Bureau of Statistics. However, its cotton yarn export to China surged in the same month. Data from China’s General Administration of Customs shows that Beijing imported $41.836 million worth of cotton yarn (commodity code number 5205) from Pakistan in August, which is 4.36 times more than $9.592 million imported in August 2019, with a year-on-year increase of 336%.
To find out the fact behind the substantial growth of Pakistan’s cotton yarn export to China, CEN reporters attended the 2020 Autumn Joint Exhibition of China National Textile and Apparel Council. Low-count sirospun yarn “Pakistan mainly produces low-count sirospun yarns, such as those of 8s or 10s, generally below 21s, which are mostly imported to south China’s Guangdong province to be made into denim,” said Huang Xifeng, sales executive of import and export department at Litai Xingshi Holding.

“We imported about 1,000 tons of cotton yarn from Pakistan every year,” Yang Bin, director of Seazon Textile and Apparel in Foshan, China said in an interview with the China Economic Net. “Our denim fabric is made of thick and low-count yarns which are basically 10s or 8s, no more than 12s.” The fabric woven with higher-count yarns is thinner and softer. Yang added that he has cooperated with Pakistan’s cotton yarn manufacturers for nearly 10 years.
“As for Pakistan’s cotton yarn, we only imported it from explorer, a Pakistani manufacturer, with which we have cooperated for more than 10 years,” he said. “Produced locally in Pakistan with American and Australian cotton as raw materials, it boasts the best quality of all.” And yet, most of the other Pakistani producers adopt locally grown cotton, which may save hundreds of yuan per ton.

Although Pakistani cotton is somewhat of inferior quality to that in America, Australia, and China, it can be turned into denim, Yang said. Pakistani cotton yarn cheaper than China “The main reason for the surge in import lies in the fact that Pakistan’s yarn export to China enjoys zero tariff, thus having a greater competitive advantage internationally,” said Xiamen Naseem

Trade general manager Ke Jiangwei. The company has been importing Pakistani yarn for many years in China. “That’s why we prefer Pakistani cotton yarn even when we are offered the same price,” he said
THIS ARTICLE ORIGINALLY APPEARED ON THE CHINA ECONOMIC NET

 

[ghazi52]

For Nov 2020, significant growth has been seen in the exports

- Home Textiles (20%)

- Pharmaceutical products (20%)

- Rice (14%)

- Surgical Goods (11%)

- Stockings & Socks (41%)

- Jerseys & Pullovers (21%)

- Women's Garments (11%)

- Men’s Garments (4.3%), as compared to Nov 2019

 

[ghazi52]

Pakistan’s exports are regaining momentum, witnessing a strong comeback in November, said Advisor to Prime Minister on Trade and Investment Razak Dawood said.

During Nov 2020, Pakistan exports to :............................................


Vietnam increased by 121%,
China by 30%,
UK by 27%,
Italy by 26%,
US by 25%