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Jan 03 - 16, 2000

  1. International
  2. Finance
  3. Industry
  4. Policy
  5. Trade
  6. Gulf

Iraqi tenders

Export Promotion Bureau (EPB) has received two international tenders from Iraq for the supply of various items. According to EPB, the closing dates of these tenders are 22 and 31 January 2000.

Textile quota policy for 2000 announced

The government has announced the Textile Quota Management Policy for 2000 on Wednesday, which specially facilitates genuine exporters and effectively curbs quota trading.

One of the prime objectives of the policy for the next year is to effectively curb quota trading and ensure that quota premiums come down so that exporters, specially newcomers have greater access to quotas.

The basic criteria for allocation of quota i.e. on the basis of performance would continue next year. The major departures from the existing policy would be as follows:

i) Flexiblities available in each quota category would be announced in early January. Individual exporters, however, will only be allowed use of these flexiblities after physical shipment of at least 70% of their quota the basis for utilizing flexiblities including swing and shifts etc.

ii) In the case of European Union, use of exceptional flexiblities by exporters will be subject to shipment of at least 70% of their quota by 30th September each year at the latest.

iii) The flexiblities will be calculated on the basis of quota available in the passbook on the day it is requested for by the individual exporter and not the entitlement in the beginning of the year. This means that any transfer of quotas would be taken into account while calculating the flexiblities of individual exporters, that is, after deducting quota transferred out etc. The actual entitlement of flexiblities would, therefore, be calculated on the basis of quota in the passbook at the time of application of which at least 70% must have been shipped by the exporters.

TCP team to visit Iran

A 10-member Pakistan delegation will visit Tehran from January 5, to discuss export of rice to Iran.

Headed by Chairman Trading Corporation of Pakistan (TCP) Javed Ashraf, the delegation mainly comprises representatives from the private sector.

Secretary Commerce Naveed Ahsan said that the Ministry was in contact with the Ambassador of Pakistan to Iran and trade mission there regarding issue of rice export.

Readymade garments exports

The exports of ready made garments to quota and non quota countries has increased by 11 percent during the first five months as compared to the corresponding period last year.

According to Export Promotion Bureau press release, ready made garments is also one of the high value product of export in the textiles as it carries value addition of over 500 % as compared to export of yarn.

The main item of exports are shirts, blouses, skirts, trousers/ shorts night wear and pajama, coats (woven and girls) steep wear winter outwear other cotton apparels etc.

Rice exports to S. Lanka hit by import duty

Pakistani exporters may not be able to continue further shipments of Irri-6 rice to Sri Lanka due to levy of 35 per cent import duty by the Sri Lankan government from January 1, 2000.

Sri Lanka buys around 200,000 metric tons and only 100,000mt have been shipped by the exporters so far due to absence of any import duty. The duty had been removed due to presidential election in Sri Lanka, rice exporters said.

Giving details of 100,000mt of Irri-6 exports, Rahim Janoo, convener, Pakistan Commodity Traders Association (PCTA) told that exporters have completed the shipments of 30,000 tons of irri-6 rice to Sri Lanka on the third week this month at a price, ranging from $182-200 per mt, making the total shipment of 100,000mt.

Tender for export of rice to Indonesia

Indonesian government plans to import 200,000 metric tonnes of rice, Pak Embassy in Jakarta has informed Export Promotion Bureau (EPB).

An announcement by EPB said here Tuesday that Indonesia will import IRRI-6 rice through its National Logistic Agency (BULOG). Import will include Indian 10-15 percent broken, Pakistani 15-20 percent broken and 25 percent broken of Vietnam and Thailand.

BULOG will start selling tender documents from January 4, 2000 against the payment of 50 US dollars each. The bidding will be held in the third week of January, 2000.

Pakistan ousted from Saudi rice market

Pakistan's share of the $ 30 billion Saudi market is a dismal 0.42 per cent. Pakistan's total exports to Saudi Arabia during 1998 stood at $ 127 million, compared to $130 million during 1997 and $242 million in 1996. A decade earlier in 1989, the total exports to Saudi Arabia from Pakistan stood at $90 million.

This has been reported in a document compiled by the commercial section of the Pakistani consulate in Jeddah. The report has been compiled to inform the Pakistani entrepreneurs, exporters and business community of the trading opportunities in the kingdom. The report has been made available to the Export Promotion Bureau, the Federation of Chambers and Commerce and the individual chambers in Pakistan.

Export of sports goods down

Sports goods industry in Pakistan has been facing acute crisis. The export of sports goods has shown decline by 30 per cent during the last six months.

This was stated by president Pakistan Sports Goods Exporters Association Mehmood Ahmed Sheikh while addressing a press conference here on Thursday.

He demanded that the chief executive should direct the relevant department to provide 25 per cent incentive on the exports of sports goods.

 TCP tender

Trading Corporation of Pakistan (TCP) will float an international tender on December 30, for the export of 20,000 bales of high quality raw cotton from new crop, said the TCP Chairman, Javed Ashraf Hussain, here Wednesday. He said the closing date for the tender is January 14. The exportable cotton included 10,000 bales of Afzal type and 10,000 bales of 1467 type.