Pakistan has targeted to raise its
software exports to dollars one billion mark by the year 2005 from the present $30m, said
deputy chairman Planning Comrnission, Ahsan Iqbal.
Addressing a seminar on Electronic
Business by Intel Corporation Wednesday, he said the government intends to provide 0.3
million Internet connections in the next three years.
He said Pakistan has a rich potential but
resource gap crippled the progress in information technology.
In order to reduce the resource gap, the
government has planned to open new centres of excellence for information technology to
bridge the gap and promote human resource development.
He called upon the private sector to come
forward and take the lead in the development of information technology.
MoU signed to promote trade ties
A memorandum of understanding (MoU) was
signed between the Lahore Chamber of Commerce and Industry (LCCI) and the Ukrainian
Chamber of Commerce and Industry.
The MoU has been signed to provide a 'firm
basis for stronger economic ties between business communities of the two countries'.
Bedwear exports losing markets
The local bedwear exports, which have
hitherto performed well despite general decline in textile sector, face stiff competition
from Turkey vis-a-vis unit price and delivery time for consignments.
Pakistan Bedwear Exporters Association
(PBEA) Chairman Shabir Ahmed said in a statement that the performance of this sector had
so far been satisfactory due to aggressive marketing, but now Turkey was offering cheaper
prices and quick delivery of goods to the European buyers of Pakistani goods.
Exports to Hong Kong on the rise
Hong Kong has emerged as the second
important export market for Pakistan after USA with Pakistan's total export in '98 being
$630.21m and imports $ 75.790m, reflecting a steep balance of trade in favour of Pakistan.
Pakistan's export items include cotton
fabric, leather, marine products, fresh fruits, guar gum, cotton waste, marble, carpet and
pine nuts. The non-traditional exports increased manifold during the last two years.
More than $1bn third country export from
Pakistan of textile good generated from Hong Kong and around 23 multinational companies
dealing with textile made-ups have established their own buying and sourcing offices in
According to officials, more than $359m
portfolio investments in Pakistan stock exchanges are from Hong Kong while a number of
International Investment Banks and Brokerage Houses have either opened their offices in
Pakistan or have entered into a joint venture collaboration arrangement with local
The Consular officials says a number of
joint ventures with Hong Kong based companies are operating in Pakistan, notably textile
accessories, agricultural, chemicals, food stuff, textile clothing, printing ink, cellular
telephones and toys.
Pakistan participates each year in
international exhibitions held in Hong Kong for textile and fashion, leather and leather
finished goods, floor coverings, writing instruments, toys and sport goods.
Hong Kong which returned to China last
year after 100 years as a British Colony is engaged in international trade of over $376bn.
The Export Promotion Bureau (EPB),
International Credit Information Ltd (ICIL) and Dun and Bradstreet (D&B), a US-based
global provider of business information, have signed a Memorandum of Understanding (MoU)
for export facilitation agreement.
According to a press release, the accord
will define the measures which the three parties intend to take to facilitate global
networking of Pakistani exporters.
The EPB will be able to provide Pakistani
exporters with easy access to D&B's 53 million business information records worldwide.
480,000 tons of apple produced
Balochistan produces 480,000 tons of apple
annually and only 3000 tons out of it were exported last year.
This was stated by Assistant Director
Export Promotion Bureau Quetta (EPB) Mohammad Naeem on Saturday.
He said 30% of the production go waste due
to absence of a Treatment Plant.
He said holding of apple shows played an
important role to introduce the apple of Balochistan which is the best in quality compared
to the apple of the other countries. The first apple show was held in '94 as a result of
which 500 tons of apple were exported while last year it reached 3000 tons, he said.
Apples from Balochistan were being
exported to Sri Lanka and England besides Gulf States, he added.
Afghan Transit Trade
Governor Balochistan has informed the
Prime Minister that substantial chunk of government revenue can be saved if the import of
'right-hand drive' vehicles are put on negative list in Afghan Transit Trade. In
Afghanistan the traffic is left hand and only 'left-hand drive' vehicles suit that
country. There appears no justification to allow import of 'right-hand drive' vehicles in
Afghan Transit Trade. This step will minimize the chances of smuggling vehicles into
Pakistan from across our western porous border.
52-member business council set up
The government has set up a high profile
52-member "Pakistan Business Council" to have a greater public and private
sector partnership aimed at particularly removing impediments to business growth and
"The council will work as a common
corporate entity and will be an institutional form of private and public sector
partnership", said Deputy Chairman Planning Commission Ahsan
Trade bodies flay PTCL hike
Trade organizations have condemned the
PTCL hike and urged the prime minister to reject it so that the people could be saved from
this communication onslaught.
The PTCL decision to enhance the rates of
local calls, telephone connection fee and monthly line rent of digital and non-digital
telephone connections should strongly be condemned by the nation, they added.