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Tag Archives: Exports

Food group exports surge 7.22pc, imports dip 6.98pc

LAHORE: Food group exports from the country during first half of the current fiscal year increased by 7.22 per cent whereas imports decreased by 6.98 per cent. Official data reveals that during the first half of FY 2013-14 food commodities worth $ 2.132 billion were exported as compared to the exports worth of $ 1.988 billion during same period of ... Read More »

1st Half: Jewellery exports down to quarter, gold imports almost double

KARACHI: Jewellery exports have declined by 75 per cent during the first half of the current fiscal year to $219 million from $ 970 million in the period from July to December in FY 2012-13 according to data provided by Pakistan Bureau of Statistics (PBS). On the contrary, imports of gold have risen almost twice in quantity (92%) to around 4,000 ... Read More »

Exporters calls for fragmentation of payment, refund system of sales tax

KARACHI: Pakistan Apparel Forum and the zero-rated export sectors have called for fragmentation of the payment and refund system of sales tax for exports to save precious time. Furthermore, exporters have stressed for continuity and reforms in supply of gas, water and power, instant tax refunds and implementation of 27 conventions required by EU among other demands. In their recommendations ... Read More »

No refund claims on exports to Afghanistan

KARACHI: Federal Board of Revenue has rejected all refund claims generated against export proceeds to Afghanistan by invoking certain provisions of the Export Policy and Procedures Order 2000. According to sources in the Regional Tax Office (RTO) Karachi, any refund created against sales tax paid on local purchases and subsequent supplies provided to buyers in Afghanistan and via Afghanistan to ... Read More »

Textile exports show impressive growth

LAHORE: After being reduced to nine months low in November 2013 to $ 1 billion, textile exports have shown an impressive recovery of up to 25 per cent in December 2013 to stand at $ over 1.2 billion. According to sources major improvement during December 2013 was witnessed in yarn export up to 35 per cent while other major heads ... Read More »

Chinese buyers order trial import of rice worth $4m from Pakistan

KARACHI: Rice exporters from Pakistan have obtained orders worth $ 4 million from China during a recent visit. Shipment of these orders will start from second week of next month. Rice Exporters Association of Pakistan (REAP) senior Vice Chairman Chela Ram said that the visit of 25-member delegation to China for further exploration of rice market was successful initially, as ... Read More »

Pakistan third largest dates exporter

ISLAMABAD: Pakistan has become the third largest dates exporting country in the world and with proper attention and appropriate interventions this sector can flourish manifold. The date sector offers substantial opportunities for export, income and employment generation in addition to economic growth of the country, an official of Ministry of Commerce and Textile has said. The annual production of dates ... Read More »

Gem exporters slam SRO on export

PESHAWAR: Exporters of precious gems from Khyber Pukhtunkhwa have shown apprehensions over implementation of SRO-760 (1) by the Ministry of Commerce. They have demanded its withdrawal without any delay saying that if the decision was not withdrawn within three days, they would go to court against it. Addressing at a news conference at Peshawar Press Club, Chairman of All Pakistan ... Read More »

Exports up 5.11pc, imports down 1.14pc during first half of FY2013-14

LAHORE: Pakistani exports have shot up by $ 0.615 billion, showing an increase of 5.11 per cent while imports have declined by $ 0.251 billion, showing a decrease of 1.14 per cent during the first half of the financial year 2013-14, Pakistan Bureau of Statistics showed. According to details exports from the country during the period from July to December ... Read More »

Trade deficit reduced by 8pc

ISLAMABAD: Pakistan’s trade deficit has reduced by over eight per cent in the first half of the current fiscal year falling to $ 9.032 billion in July-December 2013 from $ 9.898 billion against the same period of previous fiscal year as data of Pakistan Bureau of Statistics revealed. Exports in the first half rose slightly, but imports fell mainly because ... Read More »

Jewellery, gems export declines

KARACHI: Pakistan’s export of jewellery in the current fiscal year has fallen by over 77 percent which is $201.336 million during the period from July to November according to Pakistan Bureau of Statistics. During the period, the country’s export of jewellery fell to $690.681 million from $892.017 million, the PBS data revealed. Export of gems also posted a registered growth ... Read More »

Saudis satisfied with Pak standards, highlight potential for exporters

LAHORE: Trade Development Authority of Pakistan (TDAP) can play a pivotal role for enhancing Pakistani exports in the poultry products and live animals markets of Saudi Arabia. This was stated by Usamah Al Saleh, Director Quarantine Department and Head of four-member Saudi Delegation, during his meeting with the Director General TDAP Lahore Sher Afgan Khan. He said that Saudi Arabia ... Read More »

Pakistani textile products catch attention at world’s biggest fair

KARACHI: Pakistani textile exporters are hoping to obtain foreign orders worth $1 billion from Heimtextil fair on the opening day of the world’s largest home textile event in Germany. This was stated by the Chairman Pakistan Textile Exporters Association (PTEA) Sheikh Ilyas Mahmood while talking to members of the Association here on the phone. Pakistani textiles have received good response at ... Read More »

Drastic cut in FED on sugar export

ISLAMABAD: Government has announced reduction on Federal Excise Duty on the export of sugar from 8 to 0.5 per cent. Federal Board of Revenue has issued SRO.1072 (I)/2013 in this regard. Sources said that through the SRO concession would only be available to the mills engaged in export of additional quantity of 500,000 tonnes of sugar as per specified quota. ... Read More »

Textile industry has to comply with 27 conventions: Sarwar

KARACHI: Governor Punjab Chaudhry Muhammad Sarwar, while speaking at a meeting of All Pakistan Textile Mills Association has said that the country’s textile industry has to comply with 27 Conventions signed by Pakistan’s government to cash in on GSP Plus status. The Governor said that grant of the GSP Plus status came after massive lobbying and efforts. He said that ... Read More »

Non-tariff barriers hampering cement exports to India

KARACHI: Pakistan’s cement exports to India have declined by 11 per cent to 163,500 tonnes during the period from July to November this fiscal year as against 183,400 tonnes in the same period last year. Sources said that the main reasons behind this decline are non-tariff barriers and without removing these hurdles, cement export to India cannot improve. They added ... Read More »

GSP help desk to be established at TDAP

KARACHI: Trade Development Authority of Pakistan is to set up a GSP Plus helpdesk in Karachi and develop a mobile application on the iOS, Android & Windows platform to facilitate exporters. TDAP Acting Chief Executive Rabia Javeri informed about the roadmap designed by TDAP for making the most of duty advantage scheme. She was a speaking at a seminar for ... Read More »

Gas suspension: Soap manufacturing falls by 70%

FAISALABAD: Due to suspended gas supply to soap factories their production capacity has reduced by 70 per cent. Soap exporters are being warned by Afghan importers that they would switch over to Iran if their consignments were not dispatched on time. “The foreign buyers are threatening to cancel their orders because of the delay that will give another blow to ... Read More »