The
Pakistan Software Export Board (PSEB) is an organization that has been
established by the Government of Pakistan to ensure development and
implementation of a national policy framework for software and related
services industry in Pakistan.
This week we are publishing the profile of PSEB and the interview of
its Chief Executive.
Exchange
Rate
Over the
last twenty five months the SBP has been able to successfully manage
the exchange rate through forex management policy and timely
intervention. The other factors which have helped the country are
financing arrangements for oil imports, no import of wheat and export
of some of the commodities hardly exported in the past.
Crude
Oil Price
While the
persistent increase in crude oil prices may not pose a threat for
forex reserves of Pakistan, it is bound to cause cost-pushed inflation
in the country and loss of competitiveness of Pakistani exporters. On
top of this recessionary conditions in Pakistan's major export markets
may become an impediment in boosting exports.
Wheat
After
confirming the size of the wheat crop i.e. 23 million tonnes, one
million tonne of wheat is being exported to Afghanistan while PASSCO
has invited bids for another 200,000 tonnes for export purpose. The
sale price of wheat for export has been fixed at Rs9000 per tonne.
Market experts feel that before going for exports, the government
should create a buffer stock of wheat to avoid any possible shortage
next year. Shortage of sugar is a good example to learn a lesson.
