Engineering goods: ‘Exports can reach $1 billion mark’
Pakistan’s exports of engineering goods, including surgical instruments, cutlery and electric fans can cross $1 billion with the introduction of standardisation and certification, said the CEO of the Engineering Development Board (EDB) Eitezaz Niazi.
He said this while speaking to the media at the inauguration of the 9th International Exhibition for Energy Industry, POGEE-2011 and the 7th International Fire and Security Exhibition and Conference at Expo Centre here on Tuesday.
He said that presently the export value of these three products was $790 million or four per cent of the country’s total exports last year, of which surgical items secured a major share of 32%.
He said that Pakistani engineering products are sold for a very low price and the buyers earn huge profits after some value addition. For example, he said that a surgical instrument which is purchased for $8 from Pakistan is sold at $80 after some value addition in European countries.
To a question, he said that EDB was focusing on three items in the engineering sector and they are surgical items, cutlery and electric fans. “We are helping the surgical sector get international certification and the introduction of standards. Similarly, we are pursuing this sector to hire qualified engineers for production controls and processes so that they can get good prices for their products,” he stated.
Published in The Express Tribune, May 18th, 2011.
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