What's new

Pakistan Export Updates


Pakistan's meat exports record 100% growth in a Decade.


Exports of meat in Pakistan along with the meat preparations are expanding in various countries of the world in terms of its volume as well as the value. It has been recorded with an increase of over 100% in a period of 10 years.


The Pakistan’s meat export is usually to the Gulf countries; however, an increase in the exports to Maldives, Hong Kong and other countries has also been recorded. Meat such as beef, mutton, chicken, etc. all is included in the export list of meat.

The annual meat exports of the country have been doubled over the past decade from about $152.4 million in the FY11 to about $304.2 million in the FY20.

According to the quarterly report of State Bank of Pakistan (SBP), the exports of meat along with the meat preparations have grown by an increase of 3.6% to $161.5 million from about $155.8 million in FY20.
 
.
Export of services posted growth of 48.38 per cent year-on-year.

The export of services posted growth of 48.38 per cent year-on-year to $524.99 million in April, showed data compiled by the Pakistan Bureau of Statistics.

After having contracted in the previous year, the export of services has bounced back since January this year.

However, the service exports in July-April period of 2020-21 grew by 4.18pc to $4.896bn as against $4.699bn over the corresponding period last year.

After imposition of lockdown in March 2020 to contain the spread of the pandemic, the export of services has been witnessing a declining trend since then.

On the other hand, service imports surged by 12.81pc to $582.10m in April from $516.02m in the corresponding month last year.


The import bill of services declined by 18.20pc to $6.316bn in 10MFY21 against $7.722bn in the corresponding period last year.

The deficit in services also dipped by 53.01pc to $1.420m in 10MFY21 as against $3.022bn over the last year. In April, the deficit dipped 64.79pc to $57.11m from $162.20m over the last year.
 
Last edited:
.
Electric Fans exports grew by 41.47 during the initial ten months of the financial year 2020-21.

Electric Fans exports during the initial ten months of the financial year 2020-21 grew by 41.47 percent when contrasted with the exports of the corresponding time of the last year.

During the period from July-April 20-21, Electric Fans worth US$ 25,462 thousand were exported when contrasted with the fares of US$ 17,998 thousand in a similar time of last year.

As indicated by the data released by the Pakistan Bureau of Statistics, the exports of Engineering goods increased by 23.58 percent, worth US$ 182,194 thousand exported when contrasted with worth US$ 147,430 thousand in the same period of last year.

Other electrical machinery exports increased by 26.84 percent, worth US$ 35,036 thousand were additionally sent out in the current financial when contrasted with exports of US$ 27,623 thousand in the same period of last year.
 
.
Exports growth starts showing recovery


The Newspaper's Staff
June 11, 2021


Pakistan’s exports are still concentrated in a few items. Reuters/File


Pakistan’s exports are still concentrated in a few items. Reuters


ISLAMABAD: In line with world trade, Pakistan’s exports bounced back after a sharp hit during strict lockdown in the last fiscal year mainly due to export-oriented government policies and strong economic recoveries in the main export markets.

And the surge in imports may be attributed to the rising demand for intermediate goods with the resumption of economic activities, according to Economic Survey 2020-21 released on Thursday.

Export growth is hindered owing to lack of diversification in export goods. The trend of Pakistan’s exports of major items has remained more or less the same with concentration on three items viz cotton manufactures, leather and rice.

These three categories accounted for 70.5pc of total exports during July-March FY21. Within these three items, cotton manufactures remain the major contributor with 58.8pc in total exports. Thus, Pakistan’s exports are still concentrated in a few items.

Exports were targeted at $22.7bn for the FY21. Exports during July-March FY21 amounted to $18.7bn as compared to $17.4bn in the same period last year, which shows a growth of 7.1pc as compared to the 2.2pc in the same period last year.

Higher textile exports came on the back of quantum growth in high value-added products, particularly knitwear, home-textiles (bedwear and towels) and made-up articles. At the same time raw cotton, cotton yarn and cotton cloth showed a declining trend. This indicates countries preferences shifting from raw and intermediate goods to value-added exports.

The textile sector also benefited from Export Financing Scheme (EFS) and out of Rs68.7bn EFS loan, Rs44.8bn has been given to textile sector during July-March FY21. This significantly helped to improve the liquidity conditions and enhanced the capacity utilisation of the sector.

Meanwhile, declining share of China in the US apparel market and shifting focus from apparel to global textile market provided some room to Pakistan and other competitors to enhance their shares in apparel exports.

The contraction in export of rice was mainly driven by higher prices due to unavailability of shipment containers which raised the average cost of shipping.

Published in Dawn, June 11th, 2021
 
.
Govt. sets exports target of US $ 35 bln for FY 2021-22: Dawood


by The Frontier Post



Govt.-sets-exports.jpg



ISLAMABAD (APP): Advisor to the Prime Minister for Commerce and Investment Abdul Razaq Dawood on Saturday said the government had set the exports target of US $ 35 billion for upcoming Fiscal Year 2021-22.

In current FY 2020-21, “We expect exports of US $ 30 billion, including US $25 billion exports in goods and US $ 5 billion in services sector” the Advisor commerce Abdul Razak Dawood said adding, that for the next fiscal year (2021022) they have enhanced the exports target to US $ 35 billion.

He made these remarks while addressing the Post- Budget 2021-22 briefing flanked with Minister for Finance and Revenue Shaukat Tarin and other senior officials of the government here.

He said the government was focused on both traditional exports as well as innovative trade, including engineering, pharmaceuticals, information technology and food processing.

The advisor said during the current year, the pharmaceutical sector performed well and efforts would continue to promote imports of this sector in upcoming years.

Likewise, he said, the textile sector also performed well as its exports touched US $ 15.5 billion, which would further mount to US $ 20 billion next year.

Razak Dawood said in the next budget the government has lowered the tariff duties on the export’s raw material for encouraging the ‘Make in Pakistan’ good to enhance our country’s exports.

He hoped that because of this policy of lowering tariffs on export’s raw material, our local manufacturing would achieve more growth, which would positively impact the country’s exports in the upcoming fiscal year 2021-22.
 
.
Pakistani, Indian exporters agree to share Basmati rice ownership


2 countries at loggerheads over issue since 2006 although EU under its rules recognises Basmati as common product


Anadolu Agency
June 13, 2021

photo file



KARACHI/NEW DELHI: Although long-time rivals India and Pakistan are already locked in a slew of land and sea disputes, exporters from both sides have agreed to share ownership of the region's prized Basmati rice, the best solution to the issue to reach the EU markets.

India has filed a claim in the EU seeking a geographical indication tag for Basmati rice, a move opposed by neighbouring Pakistan, which has filed its own request for protected geographical indication.

A geographical indication is a label applied to products with a specific geographical origin that has qualities or reputation essentially based on the natural and human factors of their origin.

Pakistani and Indian exporters, however, believe that joint ownership of Basmati is the only viable solution to the dispute.

"There has to be joint ownership, which is a logical solution to the dispute," Faizan Ali Ghouri, a Karachi-based rice exporter, told Anadolu Agency.

New Delhi and Islamabad have long been claiming to be the origins of Basmati rice, which is largely produced in both countries. The Punjab province, which was divided into East Punjab (India) and West Punjab (Pakistan) in 1947, is the origin of Basmati rice.

"There is no logic in both countries' claim for the sole exclusivity. Although its origin is Pakistani Punjab, it is grown in both sides of the border," Ghouri said, adding: "Therefore, a joint ownership is the only viable solution to the long-standing dispute."

The EU buyers, he contended, also prefer the joint ownership of the rice as they want to keep both New Delhi and Islamabad on board in terms of commodity exports.

"A joint ownership is in their (EU buyers) own interests for two reasons. First, demand for Basmati has been increasing over the past three years, and second, they want an alternative in case one country's production is reduced," he added.

Endorsing Ghouri’s views, Ashok Sethi, director of Punjab Rice Millers Export Association in India, said the two neighbours should jointly protect the Basmati heritage.

"India and Pakistan are the only two countries, which produce Basmati in the world. Both countries should jointly work together to save heritage and protect the geographical indication regime of the rice," he told Anadolu Agency.

"Hundreds of thousands of farmers (on both sides) are associated with the production of Basmati. We need to protect their businesses," he maintained.


No objection

In 2006, the EU under its special rules recognised Basmati as a joint product of the two countries.
Pakistan exports 500,000-700,000 tons of Basmati rice to different parts of the world, with 200,000 to 250,000 tons shipped to EU countries, according to data by the Pakistani Commerce Ministry.

Pakistan annually earns $2.2 billion compared to India's $6.8 billion from Basmati exports.

Vijay Setia, a New Delhi-based exporter, said India has a "healthy" competition with Pakistan vis-a-vis Basmati exports, and has no objection to Islamabad getting its own geographical indication tag.

"Both countries export Basmati rice. India, in its application to the EU, has never stated that it is the only Basmati producer in the world," he asserted while talking to Anadolu Agency.

"We have always said it is a joint heritage of property of India and Pakistan," he said. However, Pakistan feels it is lagging behind India, and it will capture the market if Delhi gets approval sooner, he went on to argue.

Muzzamil Chappal, another Karachi-based exporter, said that India did not produce Basmati until 1966.
Basmati seeds, he claimed, had been taken to Indian Punjab from Pakistan somewhere around 1965.

It was 2016-17 when India first time tried to obtain ownership of 1121-type Basmati in the EU, according to Muzzamil.

However, he added, the move was countered after Pakistan filed a similar claim. The second Indian move in 2020 was again foiled by Islamabad's counter-claim, he added.

"The row is leading to joint ownership, in my opinion," he maintained.


Origin history

Nathi Ram Gupta, president of the All India Rice Exporters Association, opined that Pakistan should not have raised any objection to India's geographical indication claim.

"We would have had the geographical indication tag by now if Pakistan had not objected," he said.

According to Ghouri, the Pakistani exporter, the Basmati seed 370 was first registered during the British colonial rule in 1933, which acknowledged Kala Shah Kaku town of Pakistan's Punjab as its origin.

Waris Shah, a Punjabi Sufi (mystic) poet from Jhang district, also mentioned Basmati in his famous poem Heer-Ranjha based on the traditional folk tale of Heer and her lover Ranjha.

"Waris Shah was the first to use the word Basmati in written form," Ghouri asserted.
 
.
Just now, 18 tons of
🇵🇰
🇵🇰
🥭
🥭
fresh mangoes reached Beijing, the capital city of China.
Ambassador Moin Ul Haque holding the mangoes with delight.
Phenomenal scent filled the street of Beijing.


1623758486455.png



1623758511110.png
 
.
Khyber Basmati Rice at Carrefour Dubai.
Basmati Rice is the product of Pakistan which India imports from Pakistan repacks it and sells it under Made / produced in India tag just like Himalayan Pink Salt.


1623935613105.png




1623935645701.png
 
.
Cement Export

According to the data released by All Pakistan Cement Manufacturers Association, domestic cement dispatches during the month of May 2021 increased to 3.201 million tons from 2.271 million tons in May 2020, depicting an increase of 40.95 percent.

Exports also massively increased by 105.56 percent, from 363,174 tons in May 2020 to 746,550 tons in May 2021.
 
.
Textile exports surge 18.85% to $13.748 billion


by The Frontier Post



download-1aa.jpg



ISLAMABAD (APP): The exports of textile commodities witnessed an increase of 18.85 percent during the first eleven months of the current fiscal year as compared to the corresponding period of last year and surged by… percent on year-on-year basis (YoY).

The textile exports were recorded at $13748.296 million in July-May (2020-21) against the exports of $11567.400 million in July-May (2019-20), showing growth of 18.85 percent, according to latest data of Pakistan Bureau of Statistics (PBS).

The textile commodities that contributed in trade growth included knitwear, exports of which increased from $2572.991 million last year to $3414.300 million during the current year, showing growth of 32.70 percent.

Likewise, the exports of yarn (other than cotton yarn) increased by 20.24 percent, from $24.048 million to $28.915 million whereas, exports of bed wear increased by 24.60 percent from $1984.502 million to $2472.782 million.

The exports of towels increased by 28.54 percent, from $652.351 million to $838.507 million; exports of tents, canvas and tarpulin grew by 15.54 percent, from $87.975 million to $101.649 million; readymade garments by 14.35 percent, from $2367.263 million to $2706.867 million; madeup articles, excluding towels and beadwear by 23.43 percent, from $548.002 million to $676.372 million while the exports of art, silk and synthetic textile increased from $290.525 to $326.150 million, showing growth of 12.26 percent, cotton (carded or combed) by 3.17 percent, from $0.063 million to $0.065.

The exports of cotton cloth also increased by 0.97 percent, from $1699.702 million to $1716.216 million.

Meanwhile, the commodities that witnessed negative growth in trade included raw cotton, exports of which decreased by 96.51 percent, from $17.002 million to $0.593 million; cotton yarn decreased by 1.60 percent, from $910.577 million to $896.034 million.

The exports of all other textile materials also increased by 38.18 percent, from $412.399 million to $569.846 million, the PBS data revealed.

Meanwhile, on year-on-year basis, the textile exports increased by 41.14 percent during the month of May 2021 as compared to the same month of last year.

The exports during May 2021 were recorded at $1060.128 million against the exports of $751.124 million during May 2020.

On month-on-month basis, the exports from the country however witnessed decrease of 28.78 percent during May 2021 when compared to the exports of $1332.715 million in April 2021.
 
.
11Months of FY21
🆚
same period last year!


▶️
Exports of ready-made garments........
⬆️
by 14.35% to $2.706 billion

▶️
Knitwear exports ..............................
⬆️
32.70% to $3.41billion

▶️
Export of towels............................
⬆️
28.54% to $838.51 million

▶️
Total textile exports....................
⬆️
18.85% to $13.748 billion
 
.
Fauji Meat Limited gets Malaysia approval for exports


  • Adviser to PM on Trade and Investment shares news via Twitter


Ali Ahmed
22 Jun 2021


60d19818d79a4.jpg



(Karachi) In a major development for Pakistan, Fauji Meat Limited has received approval for exports from the government of Malaysia.

The news was shared by Abdul Razak Dawood, Advisor to Prime Minister on Trade and Investment, via Twitter.

The news comes as a welcome sign for the South Asian economy that is looking to increase its exports amid a widening trade deficit that has accompanied its growth this outgoing fiscal year.
Pakistan reported a trade deficit of $27.5 billion during July-May, with imports crossing $50 billion, and exports lagging behind at $22.6 billion.

“I congratulate Fauji Meat Limited, the largest meat plant in Pakistan, on its approval by the Government of Malaysia for exports,” said Dawood in a tweet post.

He said that this shows international acceptability and demand of Pakistani meat.

“I commend the efforts made by MOC’s Trade & Investment Counsellor Kuala Lampur in this regard and urge him to provide maximum facilitation to our meat exporters to obtain similar approvals,” added the advisor.


Fauji Meat Limited, was incorporated in 2013 as a subsidiary of Fauji Fertilizer Bin Qasim Limited, and falls under the umbrella of Fauji foundation Group.

Fauji Meat limited owns the largest meat processing plant located near Port Qasim, Karachi. The plant spreads across 47 acres of land.

Back in December, The Organic Meat Company Ltd. (TOMCL) was contracted to supply frozen boneless meat to National Food Company (Americana), which is one of the most successful organizations in the Middle East. Americana is considered one of the largest food manufacturing and distributing companies in the region.

TOMCL became the first company from Pakistan to be approved by a multinational food processing company for supply of meat from Pakistan.
 
.
Regional exports rise 6pc in 11 months

The Newspaper's
June 27, 2021



60d7d204e77d6.jpg



ISLAMABAD: Pakistan’s exports to nine regional countries witnessed a growth of 6.23 per cent in 11 months of the outgoing fiscal year, data released by the State Bank of Pakistan on Saturday.

The country’s exports to Afghanistan, China, Bangladesh, Sri Lanka, India, Iran, Nepal, Bhutan and the Maldives account for a small amount of $3.528 billion — just 15.62pc of Pakistan’s total global exports of $22.576bn in 11MFY21.

China tops the list of countries in terms of Pakistan’s exports to its neighbours, leaving other populous countries India and Bangladesh behind. Pakistan carried out its border trade with the farther neighbour Nepal, Sri Lanka, Bhutan, Bangladesh and Maldives via sea only.

Pakistan’s exports to China posted positive growth during July-May 2020-21. Bulk of the regional exports share, which accounts for 51.89pc, is with China while the remaining is for eight countries.

Pakistan’s exports to China recorded a growth of 19.28pc to $1.831bn in 11MFY21 from $1.535bn in 11MFY20. The increase in export proceeds was noted in the post-Covid period.

However, imports from China grew 38.75pc to $11.454bn during the period under review against $8.255bn over the last year.

Pakistan’s exports to Afghanistan posted a growth of 8.29pc to $895.380m in 11MFY21 from $826.802m in the same period in FY20.

The country’s exports to India plunged 90pc to $2.283m this year from $25.009m in 11MFY20.

The imports from India dipped 52.99pc to $168.730m against $358.936m over the last year. The government has suspended trade relations with New Delhi.

Since the arrival of Covid-19 pandemic, the government has only allowed import of pharmaceutical products from India.

Pakistan’s exports to Iran jumped 74.5pc to $0.261m in 11MFY21 from $0.055m in 11MFY20. Most of the trade with Tehran is carried out through informal channels in border areas of Balochistan. No imports were made from Tehran during the period under review.

Exports to Bangladesh decreased 12.9pc to $551.552m in 11MFY21 from $633.787m. Imports from Dhaka posted a growth of 67.27pc to $73.052m this year against $43.673m over the last year. Similarly, exports to Sri Lanka dipped by 12.92pc to $237.618m in 11MFY21 from $272.884m in the previous year. Islamabad has signed the first-ever FTA with Colombo but trade between the two countries remains far behind its true potential.

On the other hand, Pakistan’s exports to Nepal plunged to $4.274m in 11MFY21 from $20.844m the previous year. Exports to Maldives dipped to $5.564m from $6.744m. Export proceeds to Bhutan were recorded at $0.155m in 11MFY21 against $0.094m over the last year.


Published in Dawn, June 27th, 2021
 
.
Pakistan eyes China's $100 billion imported food market

Experts certain locally processed foods can gain greater share in international markets

News Desk
June 26, 2021

ISLAMABAD: Experts are certain that Pakistani foods have the capability to gain greater share of the Chinese imported food market, currently estimated to be at $100 billion.

According to the Executive Director of Policy Research Institute of Market Economy Ali Salman, in addition to fruits, rice and other products that have their export advantages, olive oil is now known as a cash crop that the country has strived to develop in recent years.

Being one of Asia’s leading olive oil producers, Pakistan also eyes the huge consumer market of China. “Pakistan has 4.4 million hectares of land, which has been identified suitable for farming. The potential is really huge compared to Spain, which supplies almost half of the world's olive oil with its 2.6 million hectares of land. So certainly, these are the opportunities which need to be fully exploited," Salman added.

CEO of the Khyber Pakhtunkhwa Board of Investment & Trade Hassan Daud Butt said that under the first phase of the China-Pakistan Economic Corridor (CPEC), the barren border areas have now been made a logistics powerhouse for economic crops such as tobacco, olives, tea, date palms and honey, which could quickly reach ports and airports for export.

Technical Advisor Rustam Tea and Organic Farming Pakistan hoped that the bilateral cooperation in tea cultivation and processing will be boosted under the second phase of CPEC.

There is ample room for cooperation between the two countries, with CPEC ensuring a focus on industrial and agricultural ties. The two sides are highly complementary in agricultural trade, intensive processing, cold chain storage and improving crop yield. "Increasing agricultural cooperation between China and Pakistan is part of Pakistan’s social-economic development strategy," emphasised Special Assistant to Chief Minister on Industries & Commerce K-P Abdul Karim Khan.
 
.
Exports are likely to cross $24 bn in current fiscal year 2020-21, which will be $2.7 bn more than the export value reported in FY 2019-20 and $1 bn more than the amount reported in FY2018-19, according to data extracted from the Pakistan Bureau of Statistics (PBS).
 
.
Back
Top Bottom