Exports likely to hit $25b
Trade body says exports have risen both in value and volume.
LAHORE:
The Trade Development Authority of Pakistan (Tdap) has expressed hope that the country’s exports will reach $25 billion compared to the target of $20 billion by the end of the current financial year this month.
Speaking at a press conference on Saturday, Tdap Chief Executive Tariq Iqbal said the export target had been later revised upwards to $24 billion from $20 billion in view of record-breaking exports. In May, exports rose 33 per cent to $2.31 billion compared to $1.74 billion in the same month last year.
Not only the value of exports had increased, but also a major rise in export quantity of products was also achieved in July-April of financial year 2010-11 compared to the corresponding period of previous year. Citing examples, he said wheat exports rose 30,800 per cent, pulses 8,100 per cent, meat 66 per cent, tobacco 40 per cent, synthetic textile 38 per cent, knitwear 31 per cent, electric fans 25 per cent, vegetables 24 per cent, fish 23 per cent, plastic material 22 per cent and leather 20 per cent.
Iqbal said the government had declared 2011 as the year of exports. In order to achieve this objective, Tdap has planned to step up export promotion activities around the globe with special focus on China and Japan.
He said TDAP had declared China as the focus country for its trade initiatives in 2011-12 and planned to participate in more than 20 fairs in the country to mark 60 years of diplomatic relations between Pakistan and China.
Published in The Express Tribune, June 19th, 2011.
The Trade Development Authority of Pakistan (Tdap) has expressed hope that the country’s exports will reach $25 billion compared to the target of $20 billion by the end of the current financial year this month.
Speaking at a press conference on Saturday, Tdap Chief Executive Tariq Iqbal said the export target had been later revised upwards to $24 billion from $20 billion in view of record-breaking exports. In May, exports rose 33 per cent to $2.31 billion compared to $1.74 billion in the same month last year.
Not only the value of exports had increased, but also a major rise in export quantity of products was also achieved in July-April of financial year 2010-11 compared to the corresponding period of previous year. Citing examples, he said wheat exports rose 30,800 per cent, pulses 8,100 per cent, meat 66 per cent, tobacco 40 per cent, synthetic textile 38 per cent, knitwear 31 per cent, electric fans 25 per cent, vegetables 24 per cent, fish 23 per cent, plastic material 22 per cent and leather 20 per cent.
Iqbal said the government had declared 2011 as the year of exports. In order to achieve this objective, Tdap has planned to step up export promotion activities around the globe with special focus on China and Japan.
He said TDAP had declared China as the focus country for its trade initiatives in 2011-12 and planned to participate in more than 20 fairs in the country to mark 60 years of diplomatic relations between Pakistan and China.
Published in The Express Tribune, June 19th, 2011.