PAGE PREVIOUS ISSUE

 

   

 
 
 
 
 
 
CURRENCY BUYING

SELLING

US Dollar 59.9 60
Bahrain Dinar 158 158.1
Canadian $ 50.85 50.95
Euro 70.75 70.85
Hong Kong $ 7.65 7.7
Japanese Yen 0.508 0.51
Kuwaiti Dinar 204 204.1
UK Pound 103.7 103.8
Last updated: Friday 23 Dec, 2005-12.30 P.M (PST)

MORE

 

3 DAYS FORECAST
In oC

CITIES MIN MAX

HUM%

FOR.

KARACHI
Today 12 26 38 Sunny
Tomorrow 11 27 38 Sunny
Day after 11 28 38 Sunny
LAHORE
Today 1 20 87 Sunny
Tomorrow 2 20 87 Sunny
Day after 2 21 87 Sunny
ISLAMABAD
Today 0 18 59 Sunny
Tomorrow 0 18 59 Sunny
Day after 0 21 59 Sunny
HUM%: Humidity In %
FOR.: Weather Forecast
updated: Fri - Sun 23-25 Dec, 2005

MORE

 
.

 

KARACHI         - 021 LAHORE          - 042 ISLAMABAD    - 051 FAISALABAD   - 041 MULTAN          - 061 PESHAWAR    - 0521 CANADA          - 1 KUWAIT           - 965 INDIA               - 91 IRAN                - 98 U.K                   - 44 U.A.E                - 971 U.S.A                - 1

MORE

 
  COLUMN
 
 

 

 

 

 
  ECONOMY WATCH

Selected By AMANULLAH B ASHAR
Nov 28 - Dec 04, 2005

INDUSTRIAL GROWTH IN 2004-05

Economy largely depends on industries. In Pakistan 19% of GDP stemmed from industrial sector is lower as compared to other countries and the share in employment equally unimpressive. We have still a lot of room to grow by adopting strategic plans for the industries. The government also should take steps to promote investment in industrial sector.

The Pakistan government has made industrial-friendly polices which helped the economy generate itself rapidly than before, due to which we now get some rapid result in the form of heavy investment. In 2004-05, 1524 million dollars came in the form of foreign direct investment, which is 61% more with respect to 949.40 million dollars in the year 2003-04. The production of cotton yarn increased by 17.8%, cotton cloth(mill sector) by 33.9%, cotton cloth (non-mill sector) by 16.5%, cigarettes by 10.7%, jute goods by .8%, paper by 3.2, paper board by 4.3%, soda ash by 4.0%, caustic soda by 9.7%, fertilizer by 5.6%, glass sheet by 5.3%, cement by 16.1%, HR. Coils by 5.0, CR. Coils by 12.3%, and galv. products increaed by 6.0% in 2004-05. In automobile sector, Pakistan achieved remarkable results due to the great support of financial sector. The production of cars increase by 27.8, jeeps by 93.8%, LCVs by 67.6%, trucks by 58.5%, buses by 27.7%, tractors by 21.2%, motorcycles by 56.9% in 2004-05. These remarkable increases in production are the result of government polices.

The government announced the strategic framework for industries - giving facilities to the industrialists by reducing the cost of doing business, spinning macroeconomic management, taxes and regulation, the capital and land markets, contract enforcement, trade facilitations, securing industry's energy, transportation and other infrastructure needs and improving the quality of industrial workforce. The government also wants to give facilities to the businessmen who want to relocate their industries in Pakistan. The aim behind this measure is to facilitate technology transfer to Pakistan.

Automobile, agro-based projects, textile sector, edible oil, telecommunication provide great opportunities to the investors to invest in these industries. Due to the efforts of the government the investment by United States increased by 21.4%, United Kingdom by 11.9%, United Arab Emirates by 24.1%, Japan by 3.0%, Netherlands by 2.4% and others by 33.0% in the year 2004-05.

The polices and surrounding conditions like reconstruction of Afghanistan and development of Gwader port go in the favor of industrialist to invest in Pakistan. It is the golden period for Pakistan and investors have great chance to take advantage by the governmental steps towards these targets.

PRODUCTION DATA OF MAJOR LARGE SCALE MANUFACTURES ITEMS (JULY TO JUNE)

ITEM NAME

UOM

2003-04

2004-05

%
CHANGE

Cigarettes

M Nos.

55,177

61,089

10.7

Cotton Yarn

Th. Kgs.

1,935,900

2,280,552

17.8

Cotton Cloth (Mill Sector)

Th. Sq.M

657,887

880,791

33.9

Cotton Cloth (Non-Mill Sec.)

Th. Sq.M

5,315,000

6,192,000

16.5

Jute Goods

M.T

103,917

104,788

0.8

Paper

M.T

157,992

163,086

3.2

Paper Board

M.T

226,357

236,190

4.3

Fertilizers

M.T

5,672,778

5,989,076

5.6

Soda Ash

M.T

285,971

297,335

4

Caustic Soda

M.T

188,377

206,690

9.7

Glass Sheet

Th. Sq M

9,263

9,756

5.3

Cement

Th. Tons

12,957

15,038

16.1

STEEL PRODUCTS

HR. Coils

M.T

501,425

526,706

5

CR. Coils

M.T

146,396

164,348

12.3

Galv. Products

M.T

44,471

44,718

0.6

AUTOMOBILES

Cars

Nos.

99,263

126,817

27.8

Jeep

Nos.

807

1,564

93.8

LCV's

Nos.

14,089

23,613

67.6

Trucks

Nos.

2,022

3,204

58.5

Buses

Nos.

1,380

1,762

27.7

Tractors

Nos.

36,103

43,746

21.2

Motorcycles

Nos.

303,639

476,333

56.9

Motor Tyres

Th. Nos.

1,302

1,488

14.3

Cellular Phone Subscribers

Nos.

5,022,908

12,865,602

61.0

 
 

Pakistan & Gulf Economist 2005    Privacy Policy   |   Terms of Uses