Pakistani Imports / Exports 2012-2013

[Leader]

Jewellery exports surge 138% in 8 months of FY13
Wednesday, March 27, 2013

ISLAMABAD: Exports of gems and jewellery in the country has witnessed sharp increase of 16.99 percent and 138.73 percent respectively during first eight months of current financial year against the same period of last year.

The jewellery exports during the period under review were recorded at $1.21 billion while during last year, the exports stood at $506.3 million.

The gems exports stood at $2.74 million during July-February 2012-13 against the exports of $2.343 million during July-February 2011-12.

According to data of Pakistan Bureau of Statistics (PBS), the jewellery exports of the country on month on month basis decreased by 48.07 percent and increased by 72.22 percent during February 2013 when compared February 202 and January 2013 respectively.

The jewellery exports decreased from $147.969 million in February 2012 to $$76.841 million in February 2013.

The gems export during the month decreased by 54.67 percent and 32.4 percent as compared to February 2012 and January 2013 respectively.

The gems exports increased from $0.428 million and $0.287 million in February 2013 and January 2013 to $0.194 million in February 2013. app

Daily Times - Leading News Resource of Pakistan

this industry can grow upto 20 billion easily, only if we install polishing factories at home, most of these raw gems go to india for refining in their factories and then sell for multiple high price...

 

[Cyberian]

Tea import increases 10.73% in eight months
Friday, April 05, 2013

ISLAMABAD: Tea import in country during first eight months of current financial year registered an increase of 10.73 percent as compared to imports of corresponding period of last year.

During the period from July-February 2012-13 country consumed about 89,738 metric tonnes of tea costing $262.88 million as against 83,217 metric tonnes worth $237.41 million in same period of last financial year. On month on month basis, import of tea goes up by 17.21 percent in February 2013 and reached at 13,773 metric tonnes which was recorded at 11,750 metric tonnes in same month of last financial year.

According the data of Pakistan Bureau of Statistics (PBS), in February 2013, $41.19 million spent on the import of tea to fulfill the domestic consumption as it was recorded at $35.14 million during the same month of last year.

However the import of sugar in the country decreased by 75.89 percent as its import went down from 16,777 metric tonnes in last eight months to 5,555 metric tonnes, the data reveled. During the period under review $0.3 million spent on the import of sugar, which was stood at $13.08 million of the corresponding period of last year, it added.

Meanwhile the import of leguminous vegetables slashed by 2.96 percent and reached to 352,357 metric tonnes in first eight months of current financial year against 401,864 metric tonnes imported during same period of last year.

From July-February 2012-13 the import of all other food items decreased by 16.55 percent and reached to $874.4 million against the imports of $1047.9 million imports of same period of last year, the data reveled. app

Daily Times - Leading News Resource of Pakistan

 

[Cyberian]

‘Pakistan-Malaysia trade touched $2.8 billion last year’
Saturday, April 06, 2013

ISLAMABAD: Acting High Commissioner to Malaysia Mohammad Nadeem Khan on Friday said bilateral trade between Pakistan and Malaysia continued to increase with two-way trade touching $2.8 billion last year.

Nadeem Khan said due to a huge trade gap, Pakistan hoped to increase export of its non-traditional items to Malaysia.
Pakistan can be a major source of raw material for Malaysian industry. We also hope to strengthen our cooperation in Islamic finance and banking sectors, he said.

He said the government was encouraged our people to people interaction was growing. There are now more than 3,000 Pakistani students in Malaysian educational institutions.

Khan said about a dozen memorandums of understandings have been signed establishing links between various universities of both the countries.

He said more than 70,000 Pakistanis visited Malaysia last year, adding Pakistan International Airlines has increased its flights to five per week, reflecting greater movement of people between the two countries. During last year Malaysia was Pakistan’s 25th largest export destination and fifth largest import source.

Bilateral trade saw a decline of about 24.81 percent last year and stood at $2.11 billion with exports from Pakistan amounting to $252.89 million and imports from Malaysia standing at around $1.86 billion and the trade is heavily skewed in favour of Malaysia, he added.

Pakistan’s major exports to Malaysia include fish, potatoes, onion, rice, maize, cotton yarn, and woven fabrics of synthetic staple fibre, bed linen and electrical apparatus for line telephones and parts and accessories.

Major exports to Pakistan include palm oil, electrical and electronic equipment, machinery, chemicals, rubber, wood, synthetic filament yarn, automatic data processing machine and parts and accessories. He said Malaysian investments in Pakistan have been mainly channelled into financial business, telecom and oil and gas exploration.

Since 2008 Malaysia’s investment in Pakistan have been worth about $898 million and on the other hand, Pakistan’s investment in Malaysia has been concentrated mainly in wood and wood products, food manufacturing, furniture and fixtures and chemical and chemical products.

From 1980 to 2010, Pakistan’s investment in Malaysia has been worth about $291 million.

The Lonely Planet Magazine said the tourism industry of Pakistan is ‘next big thing’ and there was so much to offer to visitors as Karakorum through the endless peak of the Karakorum mountains, through the architectural glories of Lahore, the ancient bazaars of Quetta or the cosmopolitan streets of Karachi.

Currently Pakistan has six major cultural sites that are categorised as UNESCO World Heritage Sites. In 2009 the World Economic Forum’s Travel and Tourism Competitiveness Report ranked Pakistan as one of the top 25 percent tourist destinations for its world heritage sites, he said.

He said ten of the 18 mammalian orders are present in Pakistan with species ranging from the world’s smallest mammal, the Mediterranean Pigmy Shrew, to the largest mammal ever known, the Blue whale. app

Daily Times - Leading News Resource of Pakistan

 

[Cyberian]

Gold imports surge 48.2% in eight months of FY13
Saturday, April 06, 2013

ISLAMABAD: Gold imports during first eight months of current fiscal year surged by 48.2 percent as against the same period of last year.

About 2,645 kilogramme (kg) of gold worth of $143.633 million was imported during the period under review as compared to the import of 1,805 kg valuing $96.917 million during same period of last year 2011-12.

All Sindh Sarafa Association President Haroon Rasheed Chand attributed the increase in gold imports into the country mainly to the decrease in the international gold price, which was witnessing declining trend since September 2012 when its price touched the highest level of $1795 per ounce.

Whereas the gold price on Thursday hit the lowest of $1539 per ounce. In the local market the price has also gone down to Rs 58,700 per tola.

Chand said the legal gold imports could be increased by over cent percent if the government reduces the tax rate on imports of the gold, which would ultimately boost country’s economy.

He said when the tax on the import of gold was only half dollar per tola, the daily volume of gold import was over 300 kg.

According to Pakistan Bureau of Statistics on month on month basis, the gold imports in February 2013 registered an increase of 503 percent and 66.02 percent when compared to the imports in February 2012 and January 2013 respectively.

Gold imports in February 2013 stood at $20.251 million against the imports of $3.356 million and $12.199 million in February 2012 and January 2013 respectively.

The overall imports of metal group, registered an increase of 13.84 percent during July-February 2012-13 against the same period of last year.

The metal imports in to the country during the period under review were recorded at $2.075 billion against imports of $1.823 billion during same period of last year. app

http://dailytimes.com.pk/default.asp?page=2013\04\06\story_6-4-2013_pg5_14

 

[HangPC2]

'' MALIK '' The Famous Pakistan Sports Brand in Malaysia

 

[Cyberian]

Trade deficit shrinks 6.75% in July-April FY13
Wednesday, May 15, 2013

ISLAMABAD: In a positive development, the country’s trade deficit decreased by 6.75 percent during the first ten months of the current fiscal year as exports increased by 4.23 percent and imports decreased by 1.02 percent.

The overall exports from the country increased from $19.329 billion in July-April 2011-12 to $20.147 billion during July-April 2012-13, according to the data of Pakistan Bureau of Statistics (PBS). On the other hand the imports into the country decreased from $37.042 billion last year to $36.665 billion during the current fiscal year, showing negative growth of 1.02 percent, the data revealed.

According to the data, the trade deficit during the fist nine months of current fiscal year stood at $16.518 billion against the deficit of $17.713 billion, decrease of 6.75 percent.

Meanwhile on month on month basis, the exports during April 2013 witnessed nominal decrease of 0.19 percent when compared to March 2013. The exports during April 2013 were recorded at $2.130 billion against the exports of $2.134 billion during March 2013. On the other hand, the imports into the country increased by 6.02 percent in April 2013 to $3.909 billion against the imports of $3.687 billion during March 2013.

The trade deficit during April 2013 stood at $1.779 billion against the deficit of $1.553 billion during March 2013 showing an increase of 14.55 percent. On year on year basis the exports from the country decreased by 4.44 percent while the imports increased by 4.05 percent during April 2013 against April 2012. The exports in April 2012 were recorded at $2.229 billion while the imports stood at $3.757 billion respectively, the data revealed. app

Daily Times - Leading News Resource of Pakistan

 

[Cyberian]

Textile exports grow 6.14% to reach $10.7bn in 10-month
Wednesday, May 22, 2013

ISLAMABAD: The textile exports from the country posted positive growth of 6.14 percent during the first ten months of the current fiscal year as compared to the corresponding period of last year.

The overall textile exports during July-April 2012-13 were recorded at $10.749 billion against the exports of $10.127 billion during July-April 2011-12, according to the latest data of Pakistan Bureau of Statistics (PBS).

The commodities contributed in enhancing country’s textile exports included cotton yarn, exports of which increased from $1.468 billion last year to $1.851 billion during the year under review, showing surge of 26.08 percent.

Similarly the exports of cotton cloth increased from $2.004 billion to $2.231 billion, showing growth of 11.31 percent.

The other textile products witnessed positive growth in exports included yarn other than cotton yarn, exports of which increased by 12.93 percent by going up from $29.476 million to $33.288 million while the exports of knitwear increased from $1.624 billion to $1.663 billion, showing growth of 2.36 percent.

Exports of bed wear increased by 1.03 percent from $1.452 billion to $1.467 billion whereas the exports of towels increased from $554.262 million to $647.360 million, showing expansion of 16.80 percent.

The exports of tents, canvas and tarpaulin during the period under review also surged by 47.20 percent from $69.353 million to $102.091 million while the exports of readymade garments increased from $1.319 billion to $1.475 billion, showing growth of 11.82 percent.

Similarly the exports of made up articles (excluding towels and beadwear) increased by 2.45 percent, from $475.837 million to $487.506 million, while exports of other textile materials increased from $250.119 million to $328.001 million, showing growth of 31.14 percent.

The textile commodities witnessed negative growth in exports included raw cotton, exports of which decreased by 68.15 percent, by falling from $433.535 million to $138.077 million.

Exports of cotton carded or combed decreased from $11.617 million to $5.954 million, showing negative growth of 48.75 percent and the exports of art, silk and synthetic textile also declined by 26.61 percent from $433.655 million to $318.247 million.

The overall exports from the country increased from $19.329 billion in July-April 2011-12 to $20.147 billion during July-April 2012-13. app

Daily Times - Leading News Resource of Pakistan

 

[Cyberian]

Pakistan caters to 90% of SA’s cement requirement
Thursday, June 06, 2013

Staff Report

KARACHI: Pakistan caters around 90 percent of South Africa (SA)’s cement requirement reflecting same level of demand can be created for products such as food items, spices, textile, pharmaceuticals and other products in the country.

Qamar Zaman Commercial Secretary at Trade Commission of Pakistan in SA during a reception hosted in honour of office bearers of Rice Exporters Association of Pakistan (REAP) urged Pakistani exporters to adopt latest and modern marketing techniques for promoting their products. Pakistan can get maximum share in SA, which not only beneficial for their business as well as maximum foreign exchange can be generated for the country.

He informed beverages and medicines have a very large volume in its imports but Pakistan’s share is negligible.

The Trade Commissioner said volume of South African imports was approximately $106 billion and if Pakistan gets 20 percent share in its imports then Pakistani exports volume could reach more than double of existing exports.

He informed SA has a very minimal size of industry and its economy depends upon imports. Pakistani exporters can introduce and promote their products by using SA as a gateway.

Jawed Ali Ghori leader of REAP delegation thanked all the officials of Trade Commission of Pakistan and said meetings with rice importers at Johannesburg and Durban were very fruitful. There stands a strong prospect that rice export to SA will get a boast in near future.

Results of trade delegation visit takes time and by regular follow-up communications can get better results.

He said some constraints regarding the export price were ahead but we were optimistic that we would sort out these problems amicably so that we could re-capture and maximise Pakistan’s share in South African markets.

Jawed Tar Muhammad Deputy leader of delegation, Nadeem Sadiq convener of the delegation and all delegates were present on the occasion.

Daily Times - Leading News Resource of Pakistan

 

[Cyberian]

ERP software to multiply entire exports of textile goods
Sunday, June 16, 2013

KARACHI: A local textile unit has fully implemented world’s top-of-the-line enterprise software systems across the organisation.

The first ever implementation of world’s leading Enterprise Resource Planning (ERP) software applications at Al-Rahim Textile Industries will multiply the entire exports of textile goods from Pakistan, according to a press release on Saturday.

The international buyers now demand 100 percent technological support from the local exporters all through business-related activities and functions, said Faisal Saya CEO Al-Rahim Textile Industries.

This achievement has enabled the Company to utilise industry’s premiere solution for completely applied enterprise applications that integrate entire operational and business activities e.g production and manufacturing, distribution, supply chain management, accounting, finance, sales and marketing and human resources etc.

By using the All Pakistan Textile Mills Association platform, The Company is going to share its rich technological expertise with rest of the textile manufacturers in Pakistan.

I will help others to collectively tap the international market in a highly modernised and technological way, Faisal said. staff report

Daily Times - Leading News Resource of Pakistan