Tag Archives: Exports

Exports rise 19%, imports 21%

Exports rise 19%, imports 21%

KARACHI: Pakistani exports grew by 19 percent during July to November this year as compared to the same period last year even after the devastating floods played havoc with the economy, statistics from the Federal Bureau have revealed.
Even though the increase in exports is encouraging, the government needs to keep an eye on the increasing imports, the sources added. Exports increased by 19 percent whereas imports showed an increase of 21 percent during the fiscal period of

China to appeal WTO ruling on tyre exports to US

BEIJING: China said Tuesday it regretted the World Trade Organisation’s rejection of its complaint against punitive US tariffs on Chinese tyres and would appeal at an appropriate time. The commerce ministry said in a statement that it “regretted the ruling” and was deeply concerned about the potential negative impact of the decision.
It added that China would carefully research the dispute settlement panel’s report and appeal at an appropriate time to protect the Chinese

Govt notifies lifting of ban on wheat exports

ISLAMABAD: The government on Monday notified lifting of the ban on the export of wheat and wheat products through an amendment in the imports and exports control act. The Ministry of Commerce notified changes in the Export Policy Order 2009 allowing exports of wheat and wheat products after a gap of three years.
Earlier the Economic Coordination Committee of the Cabinet (ECC) had approved export of one million tonnes of wheat on December 7. The Ministry of Food and Agriculture

Kinnow exports likely to slide by over 30 percent

KARACHI: Pakistan’s export of Kinnow would be reduced by over 30 percent this year due to decrease in overall production, sources said. The process of exporting the fruit to Iran, Central Asian States, Middle East and some African countries has started but the markets in European countries and Russia could not be tapped by the exporters as quality standards were not up to the required level.
Another reason is the shortage of small sized Kinnows in the domestic market, which have

Govt lifts 3-year ban on wheat exports

ISLAMABAD: The government on Tuesday decided to lift a three-year ban on wheat export, allowing the private sector to export one million tonnes of wheat without any subsidy during the current financial year.
The decision was made during Tuesday meeting of the Economic Coordination Committee of the cabinet (ECC), which met under the chairmanship of Finance Minister Abdul Hafeez Shaikh.
The Ministry of Food and Agriculture (MINFA) had sought the lifting of the ban on wheat

Japan’s exports slow, BOJ member warns of risks

TOKYO: Japan’s annual export growth slowed for an eighth straight month in October due to a stronger yen, and a central banker said downside risks to the Japanese economy outweigh upside risks due to uncertainties abroad.
Slowing exports bode ill for an economy bracing for a possible contraction in the final quarter of this year as a temporary boost from stimulus-driven consumption tapers off.
Overseas demand for Japanese goods is likely to pick up again next year and help

Textile exports jump 23.65pc

ISLAMABAD: Textile exports from the country surged by 23.65 percent during the first four months of the current fiscal year against the corresponding period last year. Textile exports were recorded at $4.107 billion during July-October (2010-11) compared to exports of $3.321 billion during July-October (2009-10), according to data provided by Federal Bureau of Statistics (FBS).
The textile product categories that indicated positive growth during the period under review included

Mechanisation will boost marble exports

ISLAMABAD: The Pakistan Stone Development Company (PASDEC) will rent its modern quarrying equipment and technologies. The equipment will be rented in order to extract square blocks of marble and granite and to enhance exports to $500 million by 2015.
This was recently offered by PASDEC CEO Ihsanullah Khan at a presentation on the investment opportunities in the domestic marble and granite sector. He said that two machinery pools one each at Gaddani Balochistan and Risalpur NWFP

New taxation to fuel corruption, hurt exports

KARACHI: The business and industrialist community of Karachi have condemned the implementation of reformed GST as they believe that it would cause corruption, hamper exports and would lead to massive price hikes.
They viewed that all sectors including manufacturing, distributing and retailers would be affected and demanded solid guarantees from the government. In addition, they blamed the government of excessive spending and advised government to cut down its expenses.
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Fish exports boost by 54.90 percent

ISLAMABAD: Seafood exports from the country surged by 54.90 percent during the first quarter of the current year as against the same period of last year.
Fish and fish preparation exports stood at $53.055 million during July-September (2010-11) as against the exports of $34.252 million recorded during the corresponding period of last year, according to the Federal Bureau of Statistics (FBS).
On the other hand, the fish and fish preparations exports during September 2010

Seafood exports surge by 55 percent

ISLAMABAD
Seafood exports from Pakistan surged by 54.90 percent during the first quarter of the current fiscal year in comparison to a similar period last year.
According to figures revealed by the Federal Bureau of Statistics (FBS), fish and fish preparation exports stood at a mammoth $53.055 million during July-September 2010-11, compared to exports of $34.252 million recorded during the corresponding period of last year.
Fish and fish preparation exports enhanced by

Pakistani onions disrupt Indian exports

ISLAMABAD
India’s onion exports fell by 33 percent to 94,800 tonnes on the back of higher demand and lower prices of Pakistani and Chinese onions in the overseas markets.
Indian Express reported that India’s onion export last month fell to 94,800 tonnes compared to 1,41,298 tones a year earlier, mainly due to exports by Pakistan and China.
The demand of Pakistani and Chinese onions in the overseas markets was higher, as their prices were lower by up to $50 a tonne

Exports shows promising growth as trade balance worsens

KARACHI: Pakistan’s economic outlook gained a fillip in the strong exports growth of 16.7 percent in first quarter of 2010-11. From July-Sept 2010, the exports ascended to $5.179 billion compared to $4.437 billion at this time last year. However, on a negative note, imports also increased by 19.02 percent in first quarter of this fiscal and rose to $9.029 billion.
In terms of rupees the exports improved by 21.05 percent, to Rs443.44 billion in the wake of further devaluation of

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