To resolve the issue, some exporters have approached
the Ministry of Commerce, seeking immediate release of seized containers
The US tax authorities imposed a ban on October 11,
2002, on clearance of bedlinen cloth and on bedsheets on October 23,
2002, after the quota was declared exhausted. However, the Ministry of
Commerce was of the opinion that the quota was yet to be exhausted.
These containers hold goods specially meant for the Christmas, and if
not released, would result in heavy losses to exporters.
Similarly, the official said it was also expected
that the US authorities might soon impose ban on import of category 363
(towels). He said the issue would be discussed at length in the first
ever proposed meeting of the Pak-US Joint Working Group on Trade and
Investment scheduled to be held in Washington on December 10.
According to the ministry, the embargo was imposed
due to a discrepancy in the figures of quota utilization by the US
authorities. The discrepancy is needed to be sorted out for re-crediting
the miscalculated quantities to Pakistan, said the official.
According to the official, last year 2.5 million
towels were miscalculated by the US authorities. Of these 0.34 million
were later released/re-credited to Pakistani exporters. "This
showed that miscalculation had actually taken place last year, which
might have happened this year as according to our estimates there was
still room for export under this category," claimed the official.
MOC ALLOWS EXPORT OF KINOO IN CRATES
The Ministry of Commerce has finally given a go-ahead
signal for export of kinoo in wooden crates. The ministry took the
decision on November 22 after examining the case, sources said.
The Ministry of Commerce had earlier advised the
Export Promotion Bureau to rescind its instructions issued to the
Customs for restricting kinoo exports in wooden crates.
In a fax message to EPB vice chairman on November 22,
and its copies sent to Collector of Customs (Exports); director general,
Plant Protection Department; and chairman, Pakistan Horticulture and
Export Board, the Ministry of Commerce was of the view that the EPB's
order, which had disallowed kinoo exports in wooden crates on April 24,
cannot be issued under the laws. Such powers for regulating export trade
are only derived from the Export Policy and Procedures Order and vest in
the Ministry of Commerce.
PAKISTAN TO EXPORT 0.1M TONS OF DATES
Pakistan is set to export a record 100,000 tons of
dates during 2002-03 after harvesting a bumper crop this year. The
initial production estimates show that Pakistan has produced more than
600,000 tons of dates this year.
Sindh has reported a bumper crop and all the dates
processing factories in the province are booked till June 2003, says
Director Export Promotion Bureau (EPB), M E Jalbani.
Pakistan exported 77,471 tons of dates worth $27.6
million during 2001-02 which was 3.1 per cent less than the previous
Jalbani said that export of dates was declined in
2001-02 due to fall in production and slow exports to neighbouring
India, a major buyer of Pakistani dried dates, due to tensions on the
He said that the dates processing factories are
working round the clock to meet the demand. He hoped that the export of
dates would touch a record of 100,000 tons this year as exporters have
got sufficient orders.
GOLD, SILVER IMPORT PROCEDURE
The government allowed the import of gold and silver
in bulk and has done away with the condition of seeking approval of the
ministry of commerce for its import.
The decision was announced through a customs
notification amending the budgetary notification of SRO 358 issued on
June 15, 2002.
Currently, the import of gold and silver in bulk was
allowed only to the companies registered and authorized by the ministry
of commerce on payment of customs duty at the rate of $1 per 11.664
grams for gold and $2 per kg for silver.
PAKISTAN, TURKEY BUSINESS COUNCIL
Pakistan and Turkey are working to evolve a mechanism
of product diversification to boost the value of investment, industry.
These views were expressed by Federal Minister for
Industries and Production Liaquat Ali Jatoi at a meeting with Turkish
Ambassador to Pakistan Kemal Gur.
DRAWBACK ON PVC CABLES ALLOWED
The Central Board of Revenue has allowed the facility
of duty drawback on export of PVC insulated cables aimed at increasing
The repayment of customs duty on export of the same
products would be effective from November 23, 2002, said a customs
27PC DUTY IMPOSED
The National Tariff Commission issued its final
determination on its investigations into charge of dumping of tinplate
of thickness of 0.5mm and of width of 600mm or more imported from South
Africa, imposing a definitive anti-dumping duty of 27.33 per cent of CIF
value for a period of five years.
DUTY ON BEDLINEN
Export Promotion Bureau (EPB) has sent its
recommendations to the Commerce Ministry for effectively handling the
expected anti-dumping duty on Pakistani bedlinen by European Union.
The vice chairman, EPB, Ijaz Ahmed Qureshi, told that
these recommendations were finalized at a meeting of Quota Advisory
Council where all the stakeholders including associations thoroughly
deliberated upon the issue.