As a constituent of total manufactured items,
according to advance release of foreign trade data by the Federal Bureau
of Statistics recently, the textile manufactures' contribution further
moved up to 70.05 per cent. During the same period 2001- 02, these had
accounted for 69.71 per cent of total manufactured exports.
The growth of overall exports is also parallel to
that of manufactured exports. The former, totalling $4.33 billion,
surged by 15.91% and the latter ($3.94 billion), recorded an increase of
15.88%, over the corresponding period of previous year.
According to further analysis of the FBS data,
manufactured exports accounted for 91.09% of total exports, up 0.15%
from previous year.
The exports of textile manufactures reportedly surged
by 16.57% in the dollar and by 9.31% in the rupee during the period
under review. Evidently, this impressive performance cannot be credited
to November 2002 when these registered a decline of 6.79% (dollar) and
7.67% (rupee) over the previous month.
The increase in exports was attributed to the
momentum witnessed in the dying months of 2001-02 and initial period of
current financial year.
This trend is visible in most of the items.
Nevertheless, the improvement is unmistakable in comparison with the
corresponding month of previous year. Thus exports of textile
manufactures jumped 20.20% in dollars over November 2001.
JULY-NOV EXPORTS STAND AT $4.33BN
Pakistan suffered a trade deficit of $0.432 billion
during the first five months of the current financial year, down 5.09
per cent from the corresponding period of 2001-02.
According to the aggregate trade figures released by
the Federal Bureau of Statistics the other day, exports during the
period under review totalled $4.33 billion, showing an increase of 15.91
per cent over the same period of previous year.
In terms of the rupee, however, the increase in
exports totalling Rs256.49 billion was only of 8.71 per cent, thanks to
steady rise in the par value of rupee against dollar.
This state of affairs was also translated into
relative improvement in trade gap, which decreased by 10.75 per cent in
SESAME SEED EXPORT EARNS $20 MILLION
The country has earned around $20 million on export
of 46,000 tons of sesame seed during 2001-2002. There are great
prospects for higher export of sesame seed with estimated annual growth
of around 20 per cent as world's total demand stands over 0.6 million
The seed has a demand in Turkey, South Korea, Japan
and Syria where most of exports find their way. Other significant
importers are the Netherlands, the UK and Singapore.
GOVT NOT TO ALLOW IMPORT OF USED CARS
The government will not allow import of used cars in
future, joint secretary, Ministry of Industries and Production, Yasin
In a brief at the Site Association of Industry
recently, he said the government would protect the local industry and
would not allow the import of second-hand cars at any cost.
Adviser to prime minister on finance and economic
affairs Shaukat Aziz hinted at reviewing the decision on import of
reconditioned cars. He said the Ministry of Industries and Production
was examining the case and was expected to take some decision on this
PAKISTAN, TURKEY TO COOPERATEIN AUTO SECTOR
The Chairman, Export Promotion Bureau (EPB), Tariq
Ikram, has said that there is great scope of cooperation between Turkey
and Pakistan in the complimentary industries of automobile industry.
Speaking at the inaugural session of two-day 'Turkish
Autoparts Industry Catalogue Show', the EPB chief said that in the past
both the countries had looked to the West but now time has come to
develop more closer trade relation.
Appreciating the event, Tariq said such exhibitions
and exchange of trade delegations are necessary to expand trade ties
between the two countries.
PAKISTAN, US TALKS FOCUS ON FREE TRADE
Pakistan and the United States held the inaugural
meeting of the joint working group on trade and investment at the White
House conference centre.
Khalid Saeed, additional secretary Ministry of
Commerce and Trade, represented Pakistan while William Lash, assistant
secretary Department of Commerce and Jon Rosenbaum, assistant secretary
Office of the US Trade Representative, represented the United States.
SARHAD, KABUL CHAMBERS SIGN ACCORD
Sarhad Chamber of Commerce and Industry (SCCI) and
Kabul Chamber of Commerce and Industry (KCCI) hare signed an agreement
to set up a joint forum to promote economic and trade ties between the
two neighbouring countries.
Ghulam Sarwar Mohmand and Shuja-ud-Daula, presidents
of SCCI and KCCI, respectively, signed the agreement during a meeting
between the representatives of the two chambers at the Chamber House.
LIVESTOCK EXPORT YARD
Sindh government will establish a modern
"livestock export yard" in Karachi at a cost of Rs100 million
to boost exports of livestock and meat.
This was stated by Imtiaz Qazi, secretary food,
livestock and fisheries, while presiding over a meeting of livestock
department recently that reviewed feasibility report of the export yard.