Though the total exports of Pakistan stood at
$14.40 billion in fiscal year 2004-05, yet 63 per cent exports were
confined to only 10 countries, which calls for accelerating efforts to
target potential buyers and new markets especially in the face of free
market access around the globe.
It is worth mentioning that Pakistan's exports to
10 countries exceeded nine billion dollars mark for the first time and
settled at 9.11 billion dollars in last financial year that means the
remaining $5 billion export earnings were fetched from rest of the
The country-wise exports details gathered by PAGE
revealed that the United Kingdom, United Arab Emirates, Afghanistan,
Germany, Italy, France, Saudi Arabia, Spain and Belgium were the top
10 export destinations of Pakistan in 2004-05.
In the last fiscal, Pakistan's exports to 10
leading destinations increased by over one billion dollars when
compared to the preceding fiscal year. In 2003-04 the country's
exports to 10 leading trade partners were less than 8 billion dollars.
Among the top 10 countries, Pakistan's exports to
the United States, UK, Afghanistan, Italy, Belgium and France
witnessed a substantial growth in last financial year vis-a-vis the
preceding fiscal year.
For the first time in 2004-05 the exports of
Pakistan to the United States crossed three billion dollars and
settled at 3.154 billion dollars, showing an impressive increase of
391 million dollars when compared to 2.763 billion dollars exports in
Similarly, exports to the United Kingdom also
surpassed one billion dollars, reaching at 1.035 billion in last
fiscal as against 0.893 billion dollars in the preceding fiscal,
showing 142 million dollars increase during the comparative period.
Exports to land-locked and war-ravaged Afghanistan
depicted the highest growth of over 80 per cent and amounted to 732.18
million dollars in 2004-05, 329.05 million dollars higher when matched
with 403.15 million dollars in 2003-04.
The country's exports to the United Arab Emirates
stood at 969 million dollars, 48 million dollars more when compared to
921 million dollars exports in 2003-04.
Exports to Germany amounted to 665 million dollars,
Italy 538.58 million dollars, France 399.59 million dollars, Saudi
Arabia 359.49 million dollars, and exports to Spain amounted to 322.91
million dollars in last financial year.
It was learnt that the textile products have
fetched a lion's share of foreign exchange through exports to major
trade partners in last financial year. In 2004-05 the textile exports
fetched around 8.50 billion dollars.
Rice, leather, leather products, carpets, sports,
surgical equipment, engineering goods, cement and petroleum products
also fetched a substantial amount of over two billion dollars in last
In last fiscal, the exports showed an encouraging
growth of over two billion dollars in comparison with 2003-04, when
exports settled at 12.30 billion dollars.
PROSPECTS OF COTTON CROP
Conflicting news about the size of the cotton crop
in Pakistan are so far reaching in from different quarters. While the
government, as per its past track record, presents a different
forecast every week, vacillating between one extreme of registering a
record yield to matching last year's output only to be even falling
short due to adverse weather conditions, whereas the private pundits
remain uncertain this year in their crop estimates.
The general consensus, however, is that 14-15
million bales happen to be the likely achievable figure, in spite of a
particular segment of farmers still expecting an even higher crop size
this season as compared to the one (15 million bales) received last
year. An important group of cotton farmers (from the viewpoint of size
of area under cotton cultivation), however, is extremely up beat,
saying that in this season they have so far used only one frequency of
insecticide and pesticide spray.
This is also due to the present recurrence of the
monsoon activity in the country, otherwise the nature through its
favourable wind directions and suitable temperature conditions was
taking care of the pest attacks - something which augurs very well for
the quality of the crop as well.