[h=1]Non-textile exports dip 19pc[/h]ISLAMABAD: Pakistans non-textile exports fell 19.39 per cent to $5.505 billion during the first eight months (July-February) of 2015-16 from $6.829bn in the same period last year, Pakistan Bureau of Statistics data showed on Friday.
The commerce ministry has announced a series of initiatives in its three-year strategic trade policy framework (2015-18) to promote exports of mainly non-textile products.
An official of the ministry said: We will start the implementation of support measures for exporters from the first week of April. The new measures would boost exports from sectors like pharmaceuticals, rice, fruits and vegetables, the official added.
On a year-on-year basis, exports of petroleum products declined by 75.27pc, primarily due to a drop of 99.48pc in petroleum naphtha and 31.82pc in petroleum products. Exports of petroleum crude fell 61.23pc.
Carpets and rugs exports decreased by 18.50pc and sports goods dipped 2.73pc. Footballs exports, however, grew by 2.10pc.
Exports of tanned leather dropped by 27.49pc, leather products by 12.73pc, footwear by 19.80pc and leather footwear by 24pc.
Surgical goods and medical instruments grew by 4.66pc, while engineering goods exports dipped 21.36pc during the period.
Exports of gur fell by 59.16pc, cement 32.21pc, handicrafts 99.74pc, molasses 4.83pc, furniture 36.48pc, and gems 52.08pc. However, jewellery exports witnessed a growth of 6.61pc.
In the food basket, exports of rice, both basmati and non-basmati, decreased by 10.76pc. Exports of oil, wheat, tobacco also declined. However, exports of spices, vegetables and meat rose during the eight-month period.
“Pakistani exporters have seen a massive drop in international orders lately, due to the energy crisisand the slowdown of global economy,” noted an exhibitor at the Heimtextile Fair and Ayesha Textile Mills CEO Abdulla Kamal, while talking to The Express Tribune.
“One of the main reasons behind receiving fewer orders has been the exporters’ inability to dispatch consignments in time due to energy shortages,” he added.
“Despite the advantages of having cheap labour and producing better cotton, the exporters’ expectations could not be met due to the energy and worsening law and order situation.”
Textile industry in its worst patch in history He said international buyers were moving away from Pakistani market due to delay in shipments. “On the other hand, China is very good in timely delivery.
“This year China has got the edge over all other participants; the first to take full advantage of the exhibition,” he added.
The global economic slowdown has also played a key role in keeping buyers away from the recent exhibition. “Europe is passing through a low-growth phase,” remarked Kamal. He said during the peak textile season, the government severs the gas supply. This time, though, the situation was better since the government cut supply to domestic consumers in order to facilitate the industries.
Moreover, he said the law and order situation in the country was another major hurdle in grabbing orders. “The recent terrorist attacks on schools and colleges have dented Pakistan’s reputation internationally. Buyers are frightened to even come visit us, let alone give orders,” he added.
Japan to step up textile imports from Pakistan “Even the old ones are not visiting Pakistan due to which we have to fix meetings abroad,” he lamented, adding that this time India and Bangladesh got a far better response compared to Pakistan. Another hurdle, identified by Kamal, was the shortage of gas, “the textile mills need steam for processing the fabric.” He was of the view that the Liquefied Natural Gas (LNG) was not an alternative.
“This winter is the first season when we are running our mills on LNG, which is very expensive. It is 25% more expensive than natural gas (CNG). That, of course, increases the cost of production.”
While requesting the government to take up the issues of energy and gas seriously, he said the country had very good production capacity and machineries and if only the internal issues were resolved, the textile sector could again reach its potential capacity of $25 billion exports, compared to the current figure of $13.9 billion.
Non-textile exports fall 22pc ISLAMABAD: Pakistan`s non-textile exports fell by 21.81 per cent to $4.045 billion during the first half (July-December) of 2015-16 from $5.173bn in the same period last year, Pakistan Bureau of Statistics data showed on Tuesday.
Product-wise details showed a decline of 77.47pc year-on-year in exports of overall petroleum products, mainly due to a 99.48pc drop in petroleum naphtha exports. Crude exports also declined by 60.64pc.
Carpets and rugs exports fell by 21.52pc and exports of sports goods dipped 3.27pc year-on-year. Exports of tanned leather dropped 26.04pc and leather products by 15.56pc.Footwear exports dipped 23.49pc, primarily due to 28.84pc decline in exports of leather footwear.
Exports of surgical goods and medical instruments went up by 4.38pc, while engineering goods exports dipped 23.54pc during the period under review.
On a year-on-year basis, exports of gur declined by 59.84pc, cement 36.54pc, handicraf t 99.74pc, molasses 42.84pc, furniture 32.78pc, gem 58.09pc. However, exports of jewellery increased by 0.30pc.
In the food basket, rice (basmati and non-basmati) exports dropped by 11.04pc.
Exports of oil, tobacco also witnessed a decline during the period. However, exports of vegetables, spices, wheat and meat witnessed a growth.
ISLAMABAD: Exports of textile and clothing declined by 6.89 per cent to $4.271 billion during the first four months (July-Oct) of 2015-16 from $4.587bn in the same period last year, Pakistan Bureau of Statistics data showed on Monday.
On a monthly basis, the exports dropped by 10.63 per cent to $1.051 billion in October 2015 from $1.176bn in the same month last year.
Exports of value-added textile sector, after increasing for three consecutive months, also witnessed a negative growth. The sector exports grew 3pc in July-Sept 2015-16.
During October 2015, readymade garments exports fell by 0.36pc, knitwear 9.50pc and bedwear 8.92pc.
Cotton yarn exports fell 28.78pc and cotton cloth dropped by 1.79pc. Towels and tents exports fell by 18.14pc and 14.21pc, respectively.
Exports of carded cotton plunged by 99.27pc, yarn (other than cotton) by 39.11pc, tents and raw cotton by 52.92pc.
Trade analysts believe that by encouraging exports of raw materials or semi-finished products, Pakistan is exporting jobs to other countries.
While talking to Dawn, Pakistan Apparel Forum Chairman Muhammad Jawed Bilwani predicted that the exports of the value-added textile would drop further owing to government`s irrational policies.
He said the government has increasedthe sales tax from 2pc to 3pc in the budget, which led to piling up of exporter`s refunds with the tax department.
The government has also imposed 10pc regulatory duty on yarn imports from India, mostly used by knitwear and woven apparel segments, to further increase the cost of doing business, he said. `Thus, price of domestically produced yarn increased manifold.
`India has recently provided 3pc to 5pc incentive to exporters, while Pakistan has yet to announce the trade policy, which was supposed to be effective from July 1, 2015.
Bedwear Association Patron in Chief Shabir Ahmad lamented that the Ministry of Commerce was not serious about the dwindling exports.
However, he also said that there is an uncertainty in international market as well. The buyers especially from Europe are not placing orders, he added.
In 2014-15, value-added textile exports rose 7.5pc to $4.517bn from $4.202bn in the preceding year.
OIL AND EATABLES: Import bill of these two products plunged by 34.95pc to $4.617bn during July-Oct 2015-16 from $7.098bn in the same period last year.
The total import bill declined by 12.88pc to $14.56bn from $16.713bn.
Imports of food products fell 12.74pc to $1.705bn from $1.954bn, mainly due to lower imports of palm oil and wheat.
Oil imports, of both crude and finished petroleum product, plummeted by 43.39pc to $2.912bn from $5.144bn in July-Oct 2014-15.
are you trying to communicate here that export in zardari time was lesser than this PMLN time? i dont want to judge a little earlier the stupidity of this message.
Non-textile exports fall 22pc ISLAMABAD: Pakistan`s non-textile exports fell by 21.81 per cent to $4.045 billion during the first half (July-December) of 2015-16 from $5.173bn in the same period last year, Pakistan Bureau of Statistics data showed on Tuesday.
Product-wise details showed a decline of 77.47pc year-on-year in exports of overall petroleum products, mainly due to a 99.48pc drop in petroleum naphtha exports. Crude exports also declined by 60.64pc.
Carpets and rugs exports fell by 21.52pc and exports of sports goods dipped 3.27pc year-on-year. Exports of tanned leather dropped 26.04pc and leather products by 15.56pc.Footwear exports dipped 23.49pc, primarily due to 28.84pc decline in exports of leather footwear.
Exports of surgical goods and medical instruments went up by 4.38pc, while engineering goods exports dipped 23.54pc during the period under review.
On a year-on-year basis, exports of gur declined by 59.84pc, cement 36.54pc, handicraf t 99.74pc, molasses 42.84pc, furniture 32.78pc, gem 58.09pc. However, exports of jewellery increased by 0.30pc.
In the food basket, rice (basmati and non-basmati) exports dropped by 11.04pc.
Exports of oil, tobacco also witnessed a decline during the period. However, exports of vegetables, spices, wheat and meat witnessed a growth.
KARACHI: Textile exports, the single largest category of goods Pakistan sells to the rest of the world, rose by a handsome 20% over the year 2011, but nearly every textile industrialist who spoke to The Express Tribune was worried about the sector’s future.
are you trying to communicate here that export in zardari time was lesser than this PMLN time? i dont want to judge a little earlier the stupidity of this message.
All the leading business outlets are praising Pakistan recovery and here you are with dirty agenda of your masters ...how much is your price?? getting salary only?
All the leading business outlets are praising Pakistan recovery and here you are with dirty agenda of your masters ...how much is your price?? getting salary only?
like i guessed. Lahore which was once the hub of clothing industry, 90 % is closed now, industrialists have shifted their complete setups in other countries.. faisalabad textile industry is also collapsed. there are hundreds of closed units along the sheikupura road. you need lists, i can give you APTMA figures. and my price is facts and figures, not an idiot's wonderland that everything is going well in Pakistan. Give me the facts and figures that export have increased in last 3 years. i will apologise from you if you are right. Otherwise i will mark you as another idiot on siasat.pk n one pathetic loser, who keep his eyes closed from the facts.
