Apr 16 -
Textile manufacture exports drop by 3%
The share of exports of textile manufactures in
overall merchandise exports dropped by about three per cent to 62.44
per cent during the period July-March 2000-01 as compared to the
corresponding period of previous year.
One of the factors, according to an analysis of the
official foreign trade statistics, was the continued downward trend of
unit prices in the world market. Although this is true of all the
major categories of export goods, the trend is especially pronounced
in respect of the category "textile manufactures" in view of
its predominant position in the export business of Pakistan.
The exports during the period under report totalled
$6.71 billion, 8.34 per cent more than in July-March, 1999-00. Of
this, 86.66 per cent was the contribution of manufactured items. This
indicates a slight decline from the corresponding period of previous
year when their share in total exports was 87.03 per cent.
Within the category "manufactured
exports", the share of textile manufactures was 72.05 per cent,
down about three per cent from previous year. This brings into focus
the abnormally high dependency of exports on textile manufactures. The
fragility of Pakistan's exports is further highlighted by the
increasing competition faced by our textile exports in the world
market that forced down the unit prices.
Cumulatively, the exports of textile manufactures
inched up by 3.48 per cent during the 9-month period under report over
the comparable period of previous year. But when looking at their
performance for the month of March, the picture is far from bright;
for in that month, textile manufactures fell by 0.34 per cent.
According to the statistics, the export of cotton
yarn went up by 6.40 per cent to 394,828 metric tons in July-March
2000-01, but due to 5.71 per cent drop in the average price, the
foreign exchange earned was increased by only 0.37 per cent.
Consequently, the share of cotton yarn in textile manufacture exports
declined to 18.60 per cent from 19.18 per cent in the corresponding
period of previous year.
Export of leather, products up
The exports of leather and its products have
increased by 28.50 per cent to $476.849 million during July-March
2000-2001 on higher demand in USA and other European countries.
According to official statistics Tuesday, Pakistan
exported leather products worth $370.99 million during the same period
The export of leather and leather manufacturers
fetched $154.332 million and $322.507 million respectively during the
first nine months of the current fiscal year. Pakistan leather and its
products exports during the entire fiscal year of 1990-2000 stood at
Chairman Pakistan Tanners Association (PTA) Farrukh
Husain Shaikh, said that demand for leather garments and design
products has considerably increased in US and other European countries
since last one and a half year.
Import of Italian machinery
The acting consul general of Italy, Ugo Falciola on
Tuesday said there had been rapid rise in imports of Italian textile
machinery to Pakistan, during last two years.
Addressing a seminar on "Italian Textile
Technology in Pakistan" jointly organized by Italian Trade
Commissioner and Textile Manufacturers Association of Italy, the envoy
said that imports of Italian machines to Pakistan were about $27
million in 1999, showing an increase of 80 per cent over previous
Speaking on the occasion, the Italian Trade
Commissioner Dr Emilio De Matteis said such symposiums were part of
promotional activities being under took for the last two years by his
offices and Italian textile machinery manufacturers.
Exports of merchandise fall
Merchandise exports of Pakistan fell short of the
target by 7.85 per cent, during the first three-quarters of fiscal
According to foreign trade statistics released by
the Federal Bureau of Statistics (FBS) on Monday, exports during the
period July-March, 2000-01, amounted to $6.71 billion as against the
target of $10 billion for the whole year.
At the end of the period, therefore, the country
will have to raise its exports to $1.09 billion per month in order to
come at par with the target. This, however, seems difficult because in
the first nine months of the year, the exports averaged $746.16
million per month.
Record business at fair
Exporters at the Pakistan pavilion in Asia Pacific
Leather Fair held from April 1-4, 2001, attracted big business to the
tune of $50 million, which was a record for Pakistan Tanners
This was stated by Agha Saidain, director of the
pavilion on his return from Hong Kong after attending the fair,
jointly organized by the Export Promotion Bureau and PTA.
Rice exports fetch $331.622m
Pakistan has exported rice worth more than $331.622
million during the first nine months of current fiscal year.
The Controller of Quality Review Committee (QRC),
Ikramullah Chaudhry said on Saturday that the increase in the export
of super basmati rice (extra long grain) has significantly contributed
to the overall rise in rice export.
The export of super basmati was up by 21.42 per cent to 131,907
tons fetching $73.668 million till April 2, 2001, compared to 108,637
tons during the same period last year.
Exports with Iraq increasing: Dawood
Minister for Commerce, Industries and Production,
Abdul Razak Dawood has said that after the 7th Joint Ministerial
Commission (JMC) meeting between Iraq and Pakistan, the trade and
exports of Pakistan are increasing.
He expressed these views at a dinner hosted by him
in the honour of visiting Iraqi Minister for Housing and Construction
Ma'an Sarsam and the delegates of 8th JMC meeting on Tuesday.