Foreign exchange earnings from manufactured goods
exports stood at $8.32 billion out of the total exports figure of $9.12
This was accounted for by textile manufactures
exports ($5.80 billion) to the extent of 69.71 per cent. Although 0.69
per cent more than during the preceding year, the figures reinforce the
fact that the textile industry — the mainstay of our exports — has
yet to outgrow its stagnation. This is quite clear from the fact that in
2000-01, the share of textile manufactures in total exports was slightly
higher - 69.82 per cent.
Cotton cloth retained its position as the No. 1
export item among textile manufactures. Its exports totalled $1.96
billion, 9.70 per cent more than in 2000-01. But the quantity of cotton
cloth exported during the year under review was even higher - 12.76 per
The next biggest export item was cotton yarn.
Quantitatively, its export (5,44,217 tons) was lower by 0.17 per cent,
but in terms of dollars, there was a loss of 12.22 per cent. The foreign
exchange it fetched amounted to $942.35 million.
The decline in unit price is evidently a
well-established feature of foreign trade, as the analysis of figure
shows. By contrast, value-added textile manufactures showed a mixed
trend. Among these, exports of knitwear, tents, canvas and tarpaulin and
art. silk & synthetic textile declined by 7.66 per cent, 3.59 per
cent and 24.81 per cent respectively. However, the items whose exports
surged significantly during 2001-02 were: bedwear (23.31pc), towels
(11.64pc), readymade garments (6.68pc) and madeup articles (6.19pc).
DIRECT MANGO EXPORTS TO SWEDEN SOUGHT
Prospects of enhancing mango exports to Sweden
through direct shipments are strong. Sweden imported 565,945 tons of
fresh fruits worth around $452 million in 2001 , which mostly originated
from the Netherlands, Italy, Spain, Panama, Germany, Belgium, France and
Whereas Pakistan exported 268,741 tons of fruits and
vegetable worth $79.83 million during 2001, out of this vegetable
exports stood at $22.50 million and mango share was 53,443 tons valuing
OIL IMPORTERS GAIN $216M FROM FALL IN PRICES
Although rates of petroleum products were raised
nearly a dozen times for the people of Pakistan, the importers gained
over $216 million from the decline in import prices of crude oil during
According to the import statistics of the Federal
Bureau of Statistics, the country imported 713,201,7 tons crude oil at
the average rate of $172.45 per ton as against $198.46 which was the
average import price during 2000-01.
GOVT MAY BAN IMPORT OF SUGAR
The government is expected to ban import of sugar —
both raw and refined — in view of surplus stocks, declining prices
trend and expected low sugarcane cultivation next season.
Official sources told that sugar situation was on the
agenda of the Economic Coordination Committee (ECC) of the cabinet as
the growers and the sugar industry had indicated looming sugar crisis.
EXPORT FINANCE FACILITY
"Fisheries sector will be facilitated in
availing export re-finance scheme of the State Bank so that fisheries
community can obtain loans at softer interest."
This was decided on Monday during a meeting chaired
by Khair Mohammad Junejo, Federal Minister for Food, Agriculture and
SRI LANKA HOPES FOR FREE TRADE PACT
Sri Lanka expressed the hope on Monday that a free
trade agreement (FTA) with Pakistan would be in effect by September.
"Our target should be to conclude the FTA within the time-frame
stipulated (by September)," said Ravi Karunanayake , Sri Lanka's
minister of consumer affairs.
LEATHER GOODS EXPORTS TO US
Chairman, Pakistan Leather Garments Manufacturers
& Exporters Association (PLGMEA), Fawad Ijaz Khan and executive
board members held a meeting with minister-designate (trade) to Pakistan
embassy in US, Ashraf Mohammad Hayat.
The purpose of the meeting was to discuss the
problems being faced by the leather garments exporters in the US market,
and to devise a strategy to boost exports to the US.
The chairman, PLGMEA, said that the US is the biggest
market for Pakistan leather garments with exports stood around $67
million in 2000-2001. This accounts for nearly 18 per cent of total
leather garments exports.
Commerce minister Abdul Razak Dawood on Saturday said
the country's trade deficit during the fiscal 2001- 02 stood at $1.2
billion as compared to the previous year's trade deficit of $1.5
Speaking at a press conference, the minister said the
exports during the last financial year were $9.124 billion, about nine
per cent less than the original target of $10.1 billion for the year. He
said total imports were recorded at $10.3 billion.
SYNTHETIC YARN IMPORTS UP BY 25PC
Pakistan's textile sector imported synthetic fibre
and yarn worth $145.9m during the last year to meet the increasing world
demand for the blended fabrics and to earn more foreign exchange.
According to official sources the import figure
reflects an increase of 25 per cent over the last year's comparable
figure of $116.558m.