Cotton export declines by 93.85pc
Pakistan's export of raw cotton, synthetic textile
fabrics, cutlery and onyx manufactures dropped drastically during the
seven months (July-January) of the current financial year, as overall
exports fell by 1.5 per cent.
Provisional figures released by Federal Bureau of
Statistics on Saturday for July-January period, showed that raw cotton
exports declined by 93.85 per cent, synthetic textile fabrics by 24.33
per cent, cutlery by 16.33 per cent and onyx manufactures by 22.88 per
cent over the corresponding period of the last year.
The total exports of raw cotton during the July-Jan
period of current fiscal stood at $6.44 million against $104.9 million
last year, synthetic textile fibre stood at $231.61 million against
$306.08 million last year, carpets stood at $130.91 million against
$156.62 million last year, cutlery to $13.49 million against $16.12
million last year and onyx manufactures stood at $5.67 million against
$ 7.36 million last year.
On monthly basis, the exports of rice, raw cotton,
cotton yarn, knitwear, synthetic textile fabrics, cutlery, gur and gur
products, cotton bags, tarpaulin and canvas goods, onyx manufactures
and chemicals and pharmaceutical products registered a massive decline
in January 2002 over the corresponding month of the last year. And the
total exports in January fell by 8.25 per cent to $697.2 million this
year against $759.9 million during the corresponding month of last
In January the export of rice declined by 46.96 per
cent, raw cotton by 91.35 per cent, gur and gur products by 38.24 per
cent, cotton yarn by 27.38 per cent, knitwear by 22.16 per cent,
cotton bags by 41.62 per cent, tarpaulin and canvas goods by 40.49 per
cent, synthetic textile fabrics by 44.64 per cent, cutlery by 49.15
per cent, onyx manufactures by 31.82 per cent and chemical and
pharmaceutical products by 43.81 per cent over the corresponding month
of the last year.
Negative list of items: Export to Kabul
The federal government announced on Tuesday a
negative list of items and goods that could not be exported to
Afghanistan and Central Asian Republics.
An official notification said that there was no
restriction on exports of all goods to Afghanistan and Central Asian
Republics (CARs) in rupees via land route except the negative list.
The only restriction was on goods manufactured in
manufacturing bonds and these exports are allowed only through those
places where customs post exists i.e. at Chamman and Torkhum.
Exports of foam, glass sheets and cement to Kabul
Exports of glass sheets, cement and foam matrices
from Peshawar to Afghanistan increased substantially during the last
couple of weeks, according to sources.
Several trucks loaded with these items leave the
local markets for Jalalabad every day, recording sudden increase in
exports of these three items.
Some 20 to 25 trucks loaded with glass sheet are
leaving Peshawar every day for the Afghan destinations via Torkham
town on the Pakistan-Afghanistan border. Similarly, according to local
business circles some 15 to 20 trucks loaded with foam matrices were
being dispatched every day to Jalalabad, the capital city of eastern
Nangarhar province, from the Peshawar market, recording increase in
demand for matrices inside Afghanistan.
BD seeks duty waiver
Bangladesh has unilaterally sought zero rate of
duty on its export of around 21 categories of items to Pakistan.
Informed sources told on Monday that during the
recent visit of commerce minister Abdul Razak Dawood to Dhaka, the
list of the items was handed over to him for consideration.
The categories on which, Bangladesh seeking
exemption from import duties leviable in Pakistan included — jute
and jute products, tea, beetle leaf, bamboo, leather products,
pharmaceutical products, ceramics, knitware, garments and vegetable
Bangladesh average share in Pakistan's total export
and import stood at 1.4 per cent and 0.3 per cent respectively
recorded during the year 2000-01.
NZ interested in textiles
Designated High Commissioner of New Zealand to
Pakistan Niels Holm has expressed his interest in Pakistani textiles
and said there is a great demand of value-added textile products in
his country and business community of Pakistan should grasp the
In a meeting with vice president FPCCI, on Friday,
Niels said there are a lot of business opportunities between the two
countries. He indicated the availability of 'halaal meat' from New
Zealand for consumption in Pakistan.
Local co keen to set up ghee mills in Kabul
A leading group of companies is interested in
setting up a cooking oil and ghee making plant in Afghanistan with
facilities to manufacture soap as well.
International Multi Group of Companies that owns
one of the leading cooking oil and ghee factories in Pakistan has
informed the Afghan government of its plan and is sending a team of
engineers for feasibility study of this and some other projects.
"Our team of engineers would be leaving on
Friday and travel up to Jalalabad," said Amjad Rashid who heads
the group. He said his group had also written a letter to Afghan
Finance Minister Hedayat Amin Arsala seeking his cooperation in
setting up the proposed project in Afghanistan.
"The group intends to take initiative from Pakistan to
establish a ghee, cooking oil, soap manufacturing unit with joint
venture/joint cooperation from public/private sector in
Afghanistan," reads the letter of January 26. "We have
technical capabilities, resources and backup of raw materials with
available market of our Shama brand in Afghanistan."