03 - 09 , 2001
TCP accepts bids for wheat export
The Trading Corporation of Pakistan (TCP) has
accepted the offers for the export of 168,000 tons of wheat at a price
ranging between $106.50 to 105.50 per ton.
TCP chairman Syed Masood Alam Rizvi told APP on
Tuesday that price evaluation committee has accepted bids of five
foreign buyers for a total quantity of 168,000 tons wheat.
He said that these buyers had also indicated
willingness to bid additional quantity of 128,700 tons of wheat. The
TCP price is $105.50 for each ton. Their reply is expected to reach
TCP by Wednesday, he added.
Calling it a big achievement, TCP chairman said
arrangements are being taken to ensure the supply of quality wheat to
Rizvi said that the price evaluation committee has
accepted the offer of United Resources, a local agent of highest
bidder Ameropa of Switzerland at $106.50 per ton for 25,000 tons of
wheat. United Resources has further purchased 25,000 tons of wheat at
$105.50 per ton.
National Flour Mills of Dubai has been awarded
52,000 tons of wheat at $105.50 per ton while Peter Cremer of
Singapore won 25,000 tons at $ 105.50 per ton.
The TCP has also accepted the offer of Emirates
Trading Agency of Dubai for 20,000 tons at the rate of $105.50 per ton
and also sold 10,000 tons to Starcom of Singapore at $105.50 a ton.
Mango exports may rise by 25pc
The export of mangoes from Pakistan is likely to
increase by at least 25 per cent during the current year as exporters
have secured sufficient orders. President, Fruits and Vegetables
Processor and Exporters Association, Mateen Siddiqui, said on Saturday
that demand for Pakistani mangoes has increased due to hectic
According to the EPB, the export of mangoes during
2000-2001 was estimated at $16.54 million, showing an increase of 43
per cent over 1999-2000. Pakistan exported 53,443 tons of mangoes
Trade volume with Iraq reaches $70m
The volume of trade between Pakistan and Iraq had
reached $70 million, said Pakistan ambassador to Iraq during a meeting
with the LCCI SVP on Thursday.
Manzar Shafiq told Farooq Iftikhar that Iraq was
desirous of increasing the current trade level. Baghdad was specially
interested in import of rice, wheat, tractors and medical supplies, he
said. However, opportunities could also be explored for export of
electric fans, cables, GI pipes, polypropylene and jute bags, he said.
The envoy suggested that LCCI members should
participate in the Baghdad International Trade Fair being held in
November to further explore the market.
Great scope for Pakistani products in Mauritius
High Commissioner of Mauritius in Pakistan R.
Dwarka has said that Pakistani products are in great demand in
Mauritius, but there has been no proper arrangement for it.
For this purpose he discussed the idea of
single-country exhibition of Pakistani products at Mauritius with the
office-bearers of FPCCI on Tuesday.
The exhibition will open new avenues for the
Pakistani products in Mauritius, he added.
The single-country exhibition will open new avenues
for the Pakistani exporters and manufacturers to penetrate the
Mauritius market which is basically import oriented.
PTCL, US firm sign hi-tech service pact
A hi-tech service agreement was signed on Tuesday
between Pakistan Telecommunication Company Limited (PTCL) and M/s ABS
Corporation (Inc) of the USA on Voice Over Internet Protocol (VoIP)
Mr Iftikhar Ahmed Raja, Member Technical, signed
the agreement on behalf of the PTCL while Mr Derik Lee Jones,
Co-Founder and Sr VP, Corporate Strategy, signed the accord on behalf
of the ABS.
Speaking on the occasion Akhtar Ahmed Bajwa termed
the event historic and hoped it would fulfil expectations of both
customers and the shareholders. "By this agreement we will be
able to plug in the grey areas," he added.
EPB to set up network of women exporters
The Export Promotion Bureau will establish a
network of women exporters for continuation of programmes and projects
developed for women entrepreneurs. This was stated by EPB
vice-chairman Ejaz Qureshi in his inaugural address at a seminar while
highlighting the need of bringing women into the mainstream of the
country's economy to ensure prosperity.
The seminar was organized by the EPB at the
conclusion of WEXNET, an exhibition for women entrepreneurs and
exporters on Friday. The First Women Bank, Small Industries
Corporation, FPCCI, KCCI and the Training Institute funded by the EPB
are the key partners of this institutional arrangement. The EPB will
work as the secretariat and focal point of WEXNET.
Textile machinery import
Site Association of Industry chairman Zakaria Usman
has appreciated the statement of commerce minister Abdul Razak Dawood
that Pakistan is contemplating the possibility of allowing the import
of textile machinery from India.
In a statement issued on Saturday, the Site body
chief said that this step would assist those industrialists who desire
to get the European branded machinery from India at a much affordable
Polyester yarn exports fall
Pakistan's polyester yarn exports dropped by 32.18
per cent in terms of dollars and 26.39 per cent in terms of quantity
in the first month of the current fiscal year as compared to the
corresponding month last year.
The decline in the manmade fibre yarn is attributed
to general economic slowdown across the globe that has brought the
world GDP down by two per cent as well as high prices of polyester
fibre in the domestic market that has made Pakistani exports of
polyester- based products uncompetitive in the foreign markets.