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Feb 07 - 13, 2000

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

Pakistan's seafood placed on EU list-l

European Commission (EC) has upgraded seafood exports from Pakistan by placing it in list-1 and has allowed 9 seafood exporters to ship commodities to member countries after obtaining an NOC from the Marine Fisheries Department (MFD), Karachi.

However, the EU has listed a numbers of conditions for these exports.

According to the EC, the MFD shall be the competent authority in Pakistan for certifying compliance of fishery and aquiculture products as per requirements of EU.

Official sources told, the EU secretariat has issued a notification No 2000/83/ EC on Feb 2 in this regard.

According to the Notification, Fisheries Department (MFD), ministry of food, agriculture and livestock (MINFAL) has been declared the competent authority in Pakistan for certifying compliance of fishery and aquiculture products with the requirements of directive 91/493/ ECC. The notification also lays down conditions governing imports of fishery and aquiculture products from Pakistan.

The notification said, before this decision could be taken, an expert team visited Pakistan to verify conditions under which fishery products are produced, stored and dispatched to the community.

The notification said, the provisions of legislation of Pakistan on health inspection and monitoring of fishery products may be considered equivalent to those laid down in EC directive No 91/493/EEC.

Regarding the procedure for obtaining the health certificate referred in EU Article 11 (4)(a), the Directorate must cover the definition of a model certificate, the minimum requirements regarding the languages in which it must be drafted and the grades of the persons empowered to sign.

Iran renews offer of power supply

Iran is believed to have renewed its interest in the export of its surplus electricity to Pakistan at competitive rates for use in Makran division of Balochistan.

Diplomatic sources disclosed to a group of newsmen that electric transmission from Iran to Balochistan might cost litlle over Rs 307 million as compared to Rs 7 billion to connect These areas with the national grid.

Wheat import target cut to 1.6m tonnes

Minister for Food and Agriculture Dr Shafqat Jamote said there was no wheat shortage in the country and that the government would import a total of 1.6 million tonnes of wheat during 1999-2000, and not 2 million as projected earlier by ECC.

Addressing a press conference here on Thursday, Jamote said that the imported 1.6 million tonnes of wheat would cost 217 million to the exchequer, he assured that the imported quantity was enough to last round the corner before the domestic procurement of wheat starts in April-May.

He was hopeful that half of the imported wheat for the buffer stock would be carried on for the next year.


Export Promotion Bureau (EPB) has received five international tenders from Electricity Authority Bangkok (Thailand) for supply of different electrical equipment. According to EPB announcement on Wednesday the opening dates of tenders are from February 23 to March 14, 2000.

SSGC in global bid

Sui Southern Gas Company (SSGC) is submitting a bid for consultancy services for a gas transmission looplines project in Bangladesh.

A two-member delegation of SSGC left on Wednesday for Bangladesh on a four-day visit in this connection, a spokesman for the company said in a statement here on Wednesday.

The team would participate in the bidding process for the consultancy services for Habibganj-Ashuganj 47 km long pipeline.

It was stated that a British consultancy company had approached SSGC to participate in the international bid for consultancy/supervision of this project.

Minister hints at rise in medicine prices

Federal Health Minister Dr.Abdul Malik Kasi has hinted at a seven-to-ten per cent increase in drug prices.

He said the matter had been referred to the Economic Coordination Committee (ECC) for consideration. He said that after the ECC's decision, the issue of increase in drug prices would be moved to the cabinet for final decision.

About formulation of new price adjustment mechanism on case-to-case basis, he said the proposal was discussed but later dropped on account of multiple reasons.

"There was no increase in drugs prices since 1996 despite the government's agreement to allow price increase on a yearly basis," he said.

The Pakistan Pharmaceutical Manufacturers Association (PPMA) and the Pharma Bureau, an umbrella organisation of 24 multinational companies, were demanding 40 per cent price increase for drugs but the demand was turned down by the ministry.

Kinno exhibition in Malaysia

Pakistani Kinnos thrilled the Malaysian consumers, importers and wholesalers in two promotions held recently in Malaysia's capital city Kuala Lumper and the country's major Penang.

The two Kinno exhibitions cum fruit-tasting sessions, the first ever held in Kuala Lumpur were a success, as officials, diplomats corporate leaders, importers, purchases from major department stores and supermarket chains, and members of the media turned up to witness.

Citrus fruits

Importers from Singapore, Malaysia and Hong Kong have shown considerable interest in importing fruits and vegetables from Pakistan.

MoC sees $1bn exports growth this fiscal

The Ministry of Commerce (MoC) has projected over one billion dollars growth in the export of textiles, rice, cotton, leather, vegetable and fruits during the current fiscal due to their surplus production.

The Additional Secretary, Ministry of Commerce, Mohammad Sulaiman, said the country has produced surplus crops while there has also been gradual improvement in the unit value of the products in the international markets. As a result, the overall exports performance would be much better than the previous fiscal, he added.