Textile manufactures increased their exports over the
same period of previous year by 14.87pc.
Equally impressive was their contribution to exports
of manufactured items. It was 77.56pc, up 7.44pc from July-September
As a proportion of total exports ($2.58 billion),
their contribution too moved up from 64.64pc to 64.90pc during the
period under review. FBS has reported the total amount of Textile
manufactures exports as $1.67 billion.
Out of 9 broad categories of textile manufactures,
only two fetched negative unit price. These were cotton yarn and
The quantity of cotton yarn exported in
July-September was 138,686 tons, 8.47pc more than during the same period
of previous year. Apart from the fact that cotton yarn represents
negative value-addition, its price plummeted $122 per ton, thus sharply
slashing the increase in value higher quantity of yarn export should
have produced only 1.44pc.
Another noteworthy aspect of cotton yarn export is
that its importance among textile manufactures is on decline. In July-
September 2002, its share was 14.51pc compared to 16.43pc during the
same period of previous year.
Likewise, export of knitwear, a value-added item went
up 20.84pc in quantity but the value received was only 9.07pc higher.
Cotton cloth with export totalling $318.65 million
was again the No. 1 earner of foreign exchange with an increase of
29.53pc in dollars over the previous year, compared to quantitative
increase of 18.35pc.
The exports of bedwear ($286.20 million) towels
($78.52 million), tents, canvas & tarpaulin ($6.58 million),
readymade garments ($268.97 million) and artificial silk & synthetic
textile ($116.28 million) recorded a growth of 31.47pc, 17.38pc, 1.14pc,
17.54pc and 1.37pc respectively.
TRADE GAP TO WIDEN TO 2.3PC OF GDP
Pakistan's trade balance will widen to 2.3 per cent
of GDP in 2002-03, predicts the IMF. In its latest Country Report 2002
on Pakistan , it said that the balance of payment position is expected
to remain strong during the current financial year, despite the
subsiding of exceptional factors.
Nonetheless, the trade balance is projected to worsen
slightly on account of a significant recovery of imports due to higher
domestic growth, notwithstanding a pick-up in exports.
JULY-SEPT TRADE DEFICIT AT $239.53M
The foreign trade deficit during the first quarter of
2002-03 amounted to $239.53 million which is 16 per cent less than the
trade gap during corresponding period of previous year.
In terms of rupee, however, the trade gap dropped by
21.84pc to Rs12 billion. During the same period of 2001-02, it had stood
at Rs15.35 billion.
According to the aggregate export-import figures
released by the Federal Bureau of Statistics on Saturday, the
merchandise exports of Pakistan totalled $2.58 billion surpassing the
performance of the period July-September of 2001-02 by 13.98pc.
$95.5M SURPLUS TRADE WITH ECO STATES
Pakistan has achieved a trade surplus of $95.552
million with ECO-member countries during the financial year 2001-02 , an
official source told.
The total exports to ECO member countries during the
financial year 2001-02 stood at $317.764 million, while total imports
from these countries were $222.212 million during the same period, a
trade surplus of over $95 million.
EPB SPENDS OVER RS291M
The Export Promotion Bureau (EPB) spent Rs291.133
million during FY2001-2002 on export promotional activities which
included holding of exhibitions and arranging trade delegation aboard.
The bureau spent Rs45 million on arranging visits
abroad of 38 trade delegations comprised 337 members. Rs246.133 million
spent on participating in 59 international trade exhibitions in which
around 680 exhibitors took part, official figures show.
EU NOT WITHDRAWING TARIFF CONCESSIONS
Minister for Commerce Abdul Razak Dawood on Tuesday
said there was no truth that the European Union (EU) was planning to
withdraw tariff concessions given on our exports to its member states.
"It certainly shocked me when I was informed
about the news and I immediately rang the EU headquarters at Brussels,
but there was clear-cut reply that no such move was planned," the
PASSCO ALLOWED TO EXPORT WHEAT
The federal government on Monday allowed Punjab and
Sindh as well as Passco to export 600,000 tons of wheat till December
out of over 3.4 million tons in their stocks, Minister for Food and
Agriculture Khair Mohammad Junejo said on Monday.
He was briefing newsmen about decisions of the
Federal Committee of Agriculture (FCA), which held its autumn meeting
under his chairmanship.
The government, in collaboration with private sector,
wants to set up a board that will oversee market research and product
development work aimed at facing the challenges of free market era by
year 2005 and after.
This was stated by Ejaz Ahmed Qureshi, vice chairman,
Export Promotion Bureau (EPB), on Monday, in a meeting with a group of
newsmen in the EPB offices.
ST REFUNDS OVERDUE HITS TEXTILE EXPORTS
The exports of value-added textile are presently
confronted with a number of problems which are becoming impediment in
their growth and also dwindling their volumes as well as foreign
After the 9/11 incident the foreign buyers are
seeking 17-21 per cent reduction in prices of value-added textiles which
adds to more losses being suffered on account of 5 to 7 per cent
appreciation in rupee value and cut in duty drawback rates.