Pakistan’s exports increase by 7% as production goes up

[Pakhtoon yum]

Full steam ahead

 

[xyxmt]

Pakistan will go no where if they don't invest in value added agri and cattle business, it should be our strength but totally neglected.

 

[AZADPAKISTAN2009]

Looks like Pakistani Production is benefiting from positive reform work that Assad started with and with IMF cash stable environment will promote growth in this area up to 25-50%

In my opinion Pakistan is better off to separate Electric/Gas lines for Industrial Zones so that they get their own separate uninterrupted supply of Electricity and Gas

 

[CriticalThought]

I think cpec industrial parks are solutions to this issue... We need to industrialize aggressively

We need to plan meticulously and execute flawlessly. Mix in grit and determination and you are closer to the solution.

The reality is that Pakistani CPEC planners have no vision, Pakistanis have a lackadaisical approach towards achieving results, and there is no national urgency towards solving the problem.

At this point, we are going on a prayer. There is no leadership, no central driving force that gathers together the nation and directs its energy towards a common cause. When we are ourselves not focused on solving the problem, how will the problem solve itself?

Looks like Pakistani Production is benefiting from positive reform work that Assad started with and with IMF cash stable environment will promote growth in this area up to 25-50%

In my opinion Pakistan is better off to separate Electric/Gas lines for Industrial Zones so that they get their own separate uninterrupted supply of Electricity and Gas

Wait for the IMF program to go into full swing and see if supplying power at exorbitant rates will make us competitive in exports. Our tragedy is that we don't even know the terms being negotiated that determine our future.

 

[Maxpane]

increase in dollar or rupees?

 

[Wikki019]

increase in dollar or rupees?

In rupees ofcourse, otherwise it would be all around Internet

 

[zeplin_100]

Pakistan’s exports increase by 7% as production goes up

• 05 Jun 2019

A worker monitors an automatic copper wire unit at the Fast Cables plant in Lahore, Pakistan. Reuters

Adviser to Prime Minister on Commerce Abdul Razak Dawood says Pakistan’s exports have increased by seven per cent as production line had gone up despite difficult environment.

Talking to Chairman Faisalabad Industrial Estate Development and Management Company, Mian Kashif Ashfaq in Lahore, Razak Dawood said the trade gap is narrowing down as exports are showing steadying trajectory while imports have reduced by four billion dollars.

Chief Operating Officer FIEDMC Aamir Saleemi was also present on this occasion.

Terming the project of Allama Iqbal Industrial City imperative for industrial development in the country, the Adviser said projects like Faisalabad Industrial Estate Development & Management Company (FIEDMC), would help the industry generating economic activities by attracting foreign and local investors besides enhancing volume to exports to meet the challenges of trade deficit.

Razak Dawood said Pakistan’s exports went up by 7 per cent as production line had gone up despite difficult environment.

“The trade gap was narrowing down as exports were showing steadying trajectory while imports got reduced by $4 billion and overall current account deficit also improved,” he added.

He said that the situation on economic front was not as bad as being portrayed by some quarters and they were ready as well to correct things. However, he also conceded that the economic situation must have improved at much accelerated pace.

He said that the exports of garments went up by 29 per cent, cement 25 per cent, basmati rice 21 per cent and footwear 26 per cent in the current fiscal year.

Abdul Razak Dawood said that the government provided subsidy to export-oriented sector on electricity and gas and it would be continued in coming year.

FIEDMC Chief Mian Kashif Ashfaq unfolding the distinctive features of Allama Iqbal Industrial City to Advisor said this sole project would house as many as 400 industries besides giving employments to 2,500, 00 people. He said approximately Rs400 billion foreign and local investments would be pumped into this project and development project is being carried out on fast track.

He further said FIDEMC always provided state of the art facilities to its customers besides resolving their issues through one window operation on top priority basis. He said the confidence of the investors on is being restored after completion of M3 project.

Mian Kashif said that Prime Minister Imran Khan has changed the image of the country within a short span of time since he formed the government in August last year. “Pakistan which suffered huge economic losses during the last 20-years due to militancy and war against terror, has now come out as a progressive new country under Imran’s leadership,” he added.

He appreciated Abdul Razak Dawood for taking serious steps for the revival of national economy. He said Pakistan’s economic indicators are now improving and soon the government would announce relief packages for the poor strata of the society.

He also said FIEDMC was committed to improve Pakistan’s ease of doing business ranking to under 100 within two years to attract international investors to the country.

Meanwhile a well renowned personality of Maritime Sector Chairman Pakistan Ship’s Agents Association (PSAA), Vice President Pakistan Stevedores Conference Ltd (PSCL), and Former Vice President Federation of Pakistan Chambers of Commerce & amp; Industry (FPCCI) Tariq Haleem says that the Pakistani nation, industrialists and the business community should not be disheartened.

For speedy recovery of economic activities the importance of ports has increased many folds as compared to the past and this is an admitted fact that Pakistani ports have special position for improvement of the country’s economy.

Tariq Haleem said that to keep pace with the modern fast improving world economical development we should immediately provide better facilities at our ports and take steps on war footing to reduce operational costs.

Certain amendments in relevant SRO’s are required to make Gwadar Port and Gwadar Free Zone operational. Huge investment is pending due to delays in the amendments. Afghan Transit Trade issues need to be addressed to bring back our lost revenue generating cargoes.

We believe that with dedication and honesty PM Imran Khan will Inshallah soon overcome the problems being faced by the country and he will lead the country’s economy into a stable environment. In a recent statement he mentioned that the need of the hour is for all of us to provide our trust and support to the present government.

However the government should also take the citizens of Pakistan into confidence to overcome the trust deficit “if any”. For the progress and well being of Pakistan all sectors will have to play their role.
https://www.gulftoday.ae/business/2019/06/05/pakistan-exports-increase-by-7-as-production-goes-up

This news, if correct, is very heartening for people of Pakistan. Since this increase has come during the last few months, it must be because of efficient management and coordination. Otherwise during this short time new markets cannot be developed nor new industries cannot be set up.
IK and his Minister, must focus on the existing triangle of metal industry in Pakistan, Gujrat - Gujranwala - Sialkot. Metal industry is the back bone of industrialization, if we have to develop our industry on indigenous basis, the cottage industry available in this triangle must be modernized. It can happen by 1) imparting education in this relatively uneducated industry, 2)by providing investment on easy terms, 3) introducing new technology and 4) conducting training courses for adapting to new technology. Most importantly Karachi Steel Mill should be upgraded.

 

[RoadRunner401]

We really need to increase export. Everyone should encourage and invest in export oriented business.
We have large family lands mostly mountains, I am thinking of planting olive trees. Anyone with experience of live plantation?

I am not sure which area you are in, but may be also look at tea plantation.

We have to reduce energy imports. Its our largest single import... considering the GCC/Iran tension prices could spike killing our weak Forex reserves. We have develop indigenous shale oil/gas extraction as well Mass transit, Thar coal, bio fuels and hydro power.

It is very disappointing that the government isn't moving fast enough on this direction. electric cars by 2030?

Wait for the IMF program to go into full swing and see if supplying power at exorbitant rates will make us competitive in exports. Our tragedy is that we don't even know the terms being negotiated that determine our future.

You must have missed this part of the Article;

Abdul Razak Dawood said that the government provided subsidy to export-oriented sector on electricity and gas and it would be continued in coming year.

Consumers who were being subsidized will no longer get the power at lower then cost rates.

 

[CriticalThought]

You must have missed this part of the Article;

Abdul Razak Dawood said that the government provided subsidy to export-oriented sector on electricity and gas and it would be continued in coming year.

Consumers who were being subsidized will no longer get the power at lower then cost rates.

There have been contradictory reports in the media. Reports on IMF loans suggested all subsidies will be withdrawn. Abdur Razzaq Dawood seems to suggest something else. Without access to the actual IMF terms, we will have to wait and see what happens, although I myself am adopting a pessimistic approach.

 

[zn426]

I am not sure which area you are in, but may be also look at tea plantation.



It is very disappointing that the government isn't moving fast enough on this direction. electric cars by 2030?



You must have missed this part of the Article;

Abdul Razak Dawood said that the government provided subsidy to export-oriented sector on electricity and gas and it would be continued in coming year.

Consumers who were being subsidized will no longer get the power at lower then cost rates.

Electric cars would be a great step forward but it's a capital intensive industry. They'd need to get the battery manufacturing capability (and most of the raw materials for that are in China), plus they would need to find an export market for them. China would go for it. the US would go for it seeing that Tesla can't keep up with demand. But you need to have a market where people would buy it.

 

[CrazyZ]

Electric cars would be a great step forward but it's a capital intensive industry. They'd need to get the battery manufacturing capability (and most of the raw materials for that are in China), plus they would need to find an export market for them. China would go for it. the US would go for it seeing that Tesla can't keep up with demand. But you need to have a market where people would buy it.

Electric buses are more cost-effective per passenger mile. Electric rail is even better but more costly.

 

[ziaulislam]

It takes time for policies to show results. In my opinion this still needs time to show results. It has been what just 5 months since deficit crack down. It will at least take a year to show the actual effect. This 7% growth in exports is nothing I am expecting about 30% minimum growth.

How?
We have no industrial base..
New industries cant get gas electricity connection
Land is way too expensive

Under Cpec 7 SEZs were plannes apart from KPK all provinces refused to give land..lol

Electric cars would be a great step forward but it's a capital intensive industry. They'd need to get the battery manufacturing capability (and most of the raw materials for that are in China), plus they would need to find an export market for them. China would go for it. the US would go for it seeing that Tesla can't keep up with demand. But you need to have a market where people would buy it.

With chinese boom electric car are more cheaper

 

[BHarwana]

How?
We have no industrial base..
New industries cant get gas electricity connection
Land is way too expensive

Under Cpec 7 SEZs were plannes apart from KPK all provinces refused to give land..lol


With chinese boom electric car are more cheaper

There is a massive export potential in your textile industry, there are so many making laws, now with more profits coming from overseas they are shifting towards export instead of targeting domestic market.

Your agriculture sector has many commodities to ship over sea. Just look at the potato yeild this year it is already under price due to excessive production.

There are many commodities which are exceeding local demand so they will contribute in start.

Policies always take time to effect us. Just like PMLN out flow dollar policy is effecting us currently.

 

[ziaulislam]

There is a massive export potential in your textile industry, there are so many making laws, now with more profits coming from overseas they are shifting towards export instead of targeting domestic market.

Your agriculture sector has many commodities to ship over sea. Just look at the potato yeild this year it is already under price due to excessive production.

There are many commodities which are exceeding local demand so they will contribute in start.

Policies always take time to effect us. Just like PMLN out flow dollar policy is effecting us currently.

Textile is cut throat competition with Bangladesh and vietnam who have cheaper gas and coal (electricity ) and low labour with available capital from banks(high saving ) and political support

 

[xyxmt]

Its the same thing this Dawood guy said two weeks ago, quantity is up but not the $$ earned...Mr. Dawood if you cant figure out the reason please contact me here on PDF and I can explain you why is that.