Oct 02 -
Leather exports surge by 20%
Pakistan's leather exports that remained sluggish
during the last five years has started to show promising trends with
around 20% increase in its exports in the first two months of the fiscal
year 2000-01, official sources said on Wednesday.
During July-August 2000, the leather exports, both
raw and manufactured, increased to $91.41 million as against that of $73
million of exports in the same period of last year.
The export of raw leather increased to $31.35 million
in first two months against that of $24.29 million, registering 29%
Similarly, the export of leather manufactures was
recorded at $60.06 million — an increase of 20.81% over the exports of
$49.72 million in July-August 1999-00.
Official quarters have expressed the confidence that
the Leather Policy to be announced next month will give further impetus
to its exports in the coming years.
Leather Policy will provide a broader framework to
bring about improvement in its chain of processing and remove irritants
at the export stages, official sources said.
The study currently being undertaken is also
assessing the "financial back-up" that is needed to achieve
desired goals in this important sector of economy.
The exports of leather and leather manufactures have
witnessed a drop in the last five years, causing considerable loss to
this industry that employ over 250,000 workers.
Its share in total exports has declined from 8.0% in
1994-95 to 6.9% in 1998-99.
The dip is registered both in exports of finished
leather as well as leather manufactures.
As regard the leather manufactures, its exports has
declined from $389 million in 1993-94 to $269 million in 1999-00.
Leather made-up include shoes, upper, jackets, gloves etc.
The entire range that involves pealing of hide from
the animal to its final processing is being studied to identify
Banana out to explore new export markets
The locally-produced banana may not be so delicious and
enormous in size as of Senegal or other major producers of the world, but has
its own taste compatible with the soil of the areas where it is grown on
However, along with other major fruits — notably mangoes,
kinoos, apples and dates — local bananas are getting foothold in highly
competitive markets of Gulf and Europe, but unlike mangoes, kinoos and apples,
these still have to assume the role of a leading foreign exchange earner.
Export prices per dozen in various currencies including the
Gulf aren't uniform and vary from country to country based on quality but are
said to be attractive enough for a prospective exporter who chooses to enter
into banana export trade, of course, after doing extensive homework.
LCs for raw sugar import: SBP
The State Bank of Pakistan (SBP) has asked all banks to
establish letters of credit (LCs) for import of raw sugar for refining it into
white sugar, in bulk at zero rate of duty with immediate effect.
An SBP circular F.E. No. 18, issued on Tuesday, said that
prior permission of SBP in imports onliner terms and C&F basis would have to
be obtained which would be granted on first-come- first-served basis.
The LCs already opened by the banks in this regard are
required to be post approved to regularize the transaction immediately, the
The federal government has exempted all industries from
payment of sales tax on import of electric generating sets of 250KVA and above.
A notification No 677(I)/2000, dated September 28 has been
issued by the Central Board of Revenue which says, only registered manufacturers
can import these generating sets, for use in the process of manufacturing of
Engg goods exports target
A high level meeting decided on Tuesday to target a 25%
annual growth rate of engineering goods export that will eventually lead to a
goal of one billion dollar by the year 2005.
The meeting, which was chaired by Minister for Commerce,
Industries and Production Razzak Dawood identified and prioritised several key
products for an immediate development of exports. These products included among
others, fans, refrigerators, freezers, washing machines, auto parts, gears,
fasteners besides the traditional surgical and cutlery goods.
ME livestock market
Pakistani exporters can capture a billion dollar livestock
market of the Middle East and the Gulf following imposition of ban on Saturday
by these countries on imports from Yemen and eight African countries.
According to reports appearing in Gulf newspapers, the cause
of ban on import of livestock, meat and poultry from these countries had been an
outbreak of a disease, which is transmitted from infected animals to humans
through contact or by mosquitoes.
The dreaded Rift Valley Fever (RVF) carried by animals
imported from Yemen, Kenya, Somalia, Uganda, Tanzania, Eritrea, Ethiopia, Sudan
and Nigeria has already claimed lives of about 200 people in Saudi Arabia and
neighbouring Yemen itself, reports maintained.
PSI must for rice exports: Dawood
The government will not allow export of rice without
pre-shipment inspection in order to ensure quality as demanded by foreign
buyers, stated the Commerce Minister Abdul Razzak Dawood, on Saturday.
Talking to newsmen at the launching ceremony of Siemens Home
Appliance in Pakistan, he said this was the main focus of a government meeting
held few days back with growers and millers.
ABC links cotton growers
The Agriculture Business Cell (ABC), established in the
agriculture ministry last week, is currently negotiating three cotton export
deals with the importers from Switzerland, West Africa and Japan.
The ABC whose fundamental purpose is to link the local cotton
growers/ginners with the international buyers/market has also got confirmation
from 106 ginning factories operating in the cotton belt for the supply of
quality and standardized cotton to international buyers, in case these deals