Sugar exports may not be allowed
The Government is unlikely to allow sugar export by private sector
during the year 2000 as final estimates say that Pakistan will have no surplus stocks of
the commodity during '99-2000.
The decision in this regard is expected in the next ECC meeting in the
light of a report submitted by a high-level committee formed by ECC on Jan 16.
Sources said no subsidy demanded by sugar mill owners for export
purpose will be given during the current financial year.
The government also plans to keep reviewing sugar production, available
stocks and market prices. In this regard, ministry of industries and production has been
directed to submit a fortnightly report to the Economic Coordination Committee (ECC) of
the federal cabinet to help the government to assess the situation regularly.
PNSC to acquire oil tankers
Chairman Pakistan National Shipping Corporation (PNSC) Vice Admiral
A.U. Khan has said that the corporation will acquire one or two 85,000 ton oil tankers in
this financial year to cater to the needs of the country.
He said that PNSC had earned an operating profit of 125.43 million in
financial year ending 1998-99 in spite of depressed economic condition. However, he said,
profit and loss statement shows an overall loss of Rs. 116.173 million as under the
revised international accounting standards.
Tenders for supply of canvas shoes
Export Promotion Bureau has received a tender from supplies department
of Hongkong government, it was stated here Wednesday.
The items required under tender include supply of 131, 419 pairs of
rubber canvas shoes, supply of 1600,000 sulpiride capsules and tablets, supply of
7,700,000 captopril tablets, supply and installation of a radiography fluoroscopy system
and supply of basic dressing packs.
Closing dates for submitting quotations are 02-02-2000 to 08-02-2000.
Interested Pakistani exporters can also obtain details of tender
inquiry from Information and Advisory Centre, Export Promotion Bureau, Karachi/ Regional
Onion exports to Brunei
At a high level meeting held here means for exporting Balochistan
exportable 5.5 lakh tons surplus onion to Brunei was devised.
Chaired by the provincial agriculture secretary Maj (R) Ali Raza and
attended by the chairman, Balochistan Chamber of Commerce and Industry Sardar Mohammad Ali
Jogezai, director Export Promotion Bureau Sarwar Brohi, importers and exporters, the
meeting considered Burnei's offer for the purchase of Balochistan surplus onion.
Stocks lose 121 points
Stocks on Tuesday staged a smart recovery after an early crash from the
recent highs when the KSE 100-share index was off 144 points or nine per cent on panic
selling. It finally ended off 121 points at 1,665.10.
Govt plans to import O.lm tons of fertilizer
Pakistan plans to import 0.1m metric tons of DAP fertilizer for kharif
season (2000). The new season will start from March.
Sources claimed that the Fertilizer Import Department of the
agriculture ministry has been asked to make early arrangements for the import of required
commodity to avoid any problem at the sowing time.
Meanwhile, the federal ministry of food, agriculture and livestock has
requested the finance division to arrange required foreign exchange for the import of 0.1m
of DAP fertilizer.
Official sources told on Tuesday this fertilizer import estimate has
been set after a meeting between the concerned officials of the agriculture ministry and
representatives of the private sector last week at Islamabad to review the fertilizer
requirements for kharif season.
During the meeting, both the sides discussed the availability of DAP
stocks during kharif on the basis of import being made by the private sector and expressed
satisfaction over fertilizer stock availability in the country.
However, officials said the government has decided to import 0.1m
metric tons DAP with the view to keep the prices of the fertilizer stable and at lower
level (at Rs 600 per bag) in the local market for the benefit of growers. The other
objective is to address pocket shortage during the sowing season. Similarly, the
government wants to keep the buffer stock in the godowns to meet any emergency and does
not want to repeat the mistake of '98 when fertilizer shortage dealt a serious blow to the
wheat sowing. To a question, sources said, it was disclosed that opening balance of DAP in
April 2000 has been estimated at 367,000 metric tons.
Kinoo export to Malaysia will double in two years
Pakistan hopes to double the sales of its kinoo (oranges) to Malaysia
from the current 1 million to 3 million (units) in the next two years, a Pakistani
official said here and added, "we are very encouraged by the response we have had
from Malaysian consumers."
Tajammul Hussain, director Export Promotion Bureau and leader of
8-member Kinoo growers' team made these remarks at the first ever kinoo exhibition opened
here on Tuesday by the Pakistan government.
Pakistan's exporters of handknotted carpets booked orders worth $23
million for their products at the Domotex and Atlanta fairs in Germany and the US held
According to a Pakistan Carpet Manufacturers and Exporters Association
(PCMEA) news release issued here on Monday, the exporters booked orders worth $9 million
at the Domotex fair and $14 million at the Atlanta fair.
Indonesia has shown interest in buying 1,00,000 metric tons of
Pakistani rice in new single 50 kgs net PP/PJ bags, EPB announced here on Monday.
The EPB has received an international tender from the Government of
Supplies Department, Indonesia, in this behalf.