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Tag Archives: export

The export potential of Pakistan

  Achieving its annual exports target had been a struggle for the government due to the diverse problems the country is currently facing. The target of $27 billion for the financial year 2012-2013 was a difficult target for the government to meet, and is made worse due to the power shortages in the country and the present global economic situation. It was estimated that Pakistan would be likely to miss …

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Trade with India

  Pakistan and India offer natural markets for each other’s export products and both countries are pursuing policies of trade liberalization since early 1990s. In their mutual trade, they can enjoy the advantages of reduced transaction costs and quicker delivery due to geographical proximity, common language and a heritage of common physical infrastructures. During the first half of the current fiscal year, the two-way trade stood at USD 1.1 billion …

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Economic progress of Pakistan since 1947

  Pakistan has witnessed progress since independence when it comes to development of infrastructure and industries. Pakistan is recognized as a major textile exporter. Being an agrarian economy, the country is self-sufficient when it comes to food requirement, which is a plus factor. Through progress is seen with setting up of industries, infrastructure, commercial and residential properties, corruption and mis-management has made the progress slow. Political unrest and blame game …

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Is Pakistan losing Afghan market?

  Cement export to Afghanistan declined by 58 percent Despite earnest support to Afghan economy besides offering tariff free transit trade, the export of different commodities required for infrastructure development are on the decline to such an extent that the export of cement, the basic need for development, has declined by 58 percent to Afghanistan. Although the reasons for declining exports are being attributed to the withdrawal of NATO forces …

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Changing preference of buyers damaging local carpet exports

  Pakistan’s carpet industry needs likely reforms Carpet has more than 2,500 years of ancient history as Iranians were amongst the first carpet weaver of the age-old civilizations and through centuries of creativity and initiative building upon the talents of the past, this industry has achieved a special degree of excellence since. Though this industry is more technologically advanced now as new trend and design demands had made it more …

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Vast opportunities of export, investment exists in livestock

  Livestock is a vital sub-sector of agriculture in Pakistan as promoting dairy, meat and poultry business in this sector is more beneficial for the economic development of the country. Livestock contributed approximately 55.1 percent to the agriculture value added and 11.6 percent to the national GDP during 2010-12. Gross Value Added of the livestock sector at constant factor cost increased from Rs672 billion (2010-11) to Rs700 billion (2011-12) showing …

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National ownership of exports

  “Now won’t you give some bread to get the starving fed? We’ve got to relieve Bangladesh. Relieve the people of Bangladesh. We’ve got to relieve Bangladesh.” On August 01, 1971, ex-Beatle George Harrison alongwith legendary Sitar maestro Ravi Shankar organized two Concerts for Bangladesh at the Madison Square Garden in New York City where Harrison sang for the first time his hymn titled Bangladesh. This lamentation galvanized the world …

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Increasing exports a way out to avoid debts

  Pakistan is presently going through process of rapid economic development, which includes privatization of major government corporations, aimed at attracting foreign investment and lessening budget deficit. In 2014, foreign currency reserves crossed $15 billion mark, which has led to steady lookout on the long-term rating. External debt in Pakistan remained unchanged at $64,338 million in the fourth quarter of 2014. External debt in Pakistan averaged $49,246.37 million from 2002 …

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Value addition can give boost to textile exports

  Government must establish more textile cities Textile sector is the backbone of Pakistan export economy. Comprises of 391 textile mills, Pakistan is the world’s fourth largest producer of cotton and third largest consumer. It contributes 8.5 percent of GDP and employs 38 percent of the workforce in the manufacturing sector. But Pakistan textile industry is mainly beset with the major problems like energy crisis, lack of value addition and …

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Sports industry of Sialkot: Potential to contribute in promoting our export regime and the industry

  Sialkot sports industry has been producing sporting goods for over a decade and is one of the industries through which Pakistan has gained global recognition. The industry initially commenced with production of sporting goods involving wood e.g. cricket bats, hockey sticks, tennis, badminton rackets etc. Over the years and influx of modern equipment, the Sialkot sports industry is now able to manufacture any product and in any material. The …

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