PAK EXPORTS WITNESS INCREASE IN JULY-MARCH
Apr 27 - May 10, 2009
In terms of Pak Rupees, country's exports during July-March (2008-2009) witnessed increase of 26.1 percent over the corresponding period of the last financial year, according to figures provided by Federal Bureau of Statistics.
Exports during the time under review totaled Rs.1,039,058 million as against Rs.824,612 million during July-March (2007-08). Exports during March, 2009 amounted to Rs.105,361 million as against Rs.100,596 million in February, 2009 and Rs.111,169 million during March, 2008 showing an increase of 4.74 percent over February, 2009 but a decrease of 5.22 percent over March, 2008.
Main exports during March, 2009 were cotton cloth (Rs.11,022 million), Bed wear (Rs.10,316 million), Knitwear (Rs.9,244 million), Readymade garments (Rs.7,988 million), Cotton yarn (Rs.7,035 million), Rice others (Rs.5,315 million), Rice basmati (Rs.4,537 million), Towels (Rs.3,745 million), Made-up articles excluding Towels, Bed wear (Rs.3,224 million), and Cement (Rs.3,194 million).
On the other hand, imports during July-March, 2008-2009 totaled Rs.2,022,075 million as against Rs.1,718,424 million during the corresponding period of last year showing an increase of 17.67 percent. Imports into Pakistan during March, 2009 amounted to Rs.188,956 million as against Rs.168,703 million in February, 2009 and Rs.239,805 million during March, 2008 showing an increase of 12.01 percent over February, 2009 but a decrease of 21.20 percent over March, 2008.
Main commodities of imports during March, 2009 were Petroleum products (Rs.25,592 million), Petroleum crude (Rs.14,074 million), Palm oil (Rs.8,508 million), Iron & steel (Rs.8,107 million), Plastic materials (Rs.8,047 million), Power generating machinery (Rs.7,907 million), Other apparatus (Rs.4,802 million), Medicinal products (Rs.4,132 million), Iron and Steel Scrap (Rs.3,915 million), and Electrical machinery and apparatus (Rs.3,368 million).
Based on the figures, the balance of trade figures cumulative from July-March, 2008-2009 the trade deficit was recorded at Rs.983,017 million while the deficit in March, 2009 totalled Rs.83,595 million.
Ministry of Privatization has chalked out a comprehensive programme for current financial year (2008-09) to offload its 23 public sector entities through Public Private Partnership mode to bring in best practices and the latest technologies to improve the performance and increase their efficiencies.
According to official sources, the government has approved the basic parameters of the new Privatisation Policy to put national resources and assets to optimal use and in particular to unleash the productive potential inherent in Pakistan's State Owned Enterprises (SoEs). Giving the details of these 23 public sector entities, the sources said that these would be privatized under the PPP Mode and through transparent manners. The names of the transaction units, they said are: SME
Bank Limited, National Power Construction Company (NPCC) while its 51% divestment may be considered, Faisalabad Electric supply Company (FESCO), Peshawar Electric supply Company (PESCO), Quetta Electric supply Company (QESCO), Hyderabad Electric supply Company (HESCO), Jamshoro Power Company Limited (JPCL) will be privatize on Lease, Heavy Electrical Complex (HEC), Pakistan Machine Tool Factory, Pakistan Mineral Development Corporation (PMDC), Morafco Industries (Machinery as is where is basis),
Pakistan Railways, PTDC Motels and Restaurants, Utility Store Corporation and stores, Pakistan Post, Kot Addu Power Company (KAPCO), National Insurance Company (Ex ñ National Insurance Corporation), Pakistan Reinsurance Company (Ex - Pakistan Insurance Corporation), State Life Insurance Corporation, Printing Corporation of Pakistan Limited, Services International Hotel, Sindh Engineering Limited and Republic Motors Limited.