Made in Pakistan vital for industrial sector on March 8, 2017KARACHI: “Made in Pakistan” should be a hallmark for five industrial export sectors, members of export-oriented industrial sectors emphasised. The industrialists and businessmen believe “this will end the forgery on an international level where Pakistani products are being re-exported in the name of forging exporters.” Agha Saiddain of Pakistan Tanners Association, Ghulam Rabbani of Pakistan […]
Pakistans share in meat market is only 8% on March 6, 2017KARACHI: Out of the total global market of kosher (halal) meat and beef worth $2.97 billion, the share of Pakistan is only $33 million or 8 percent. The shares of global kosher meat of Brazil, India and Australia are 55 percent, 12 percent and 10 percent, respectively. Muslim countries like Saudi Arabia, Iran, United Arab […]
Govt urged to boost dwindling leather exports on February 27, 2017KARACHI: Non-rectification in relevant harmonised system (HS) codes by the Commerce Ministry has made the incentive package – announced on January 10, 2017 – in-effective and unproductive for export-oriented leather sector. “All major relevant HS codes have been missed out in the recent SRO 52(1)/2017 and almost 95 percent of leather and allied products cannot […]
Prime exporters demand release of DLTL, WHT, Customs, ST claims on February 26, 2017KARACHI: Liquidity crunch, high production costs, tough competition with regional export players of textile and leather products and pending Sales Tax (ST) returns, Drawback of Local Taxes and Levy (DLTL), Withholding Tax (WHT) and Customs Rebates remained the major reasons behind the declining trend of textile and leather products exports. Representatives of Pakistan Tanners Association […]
Govt should not exceed countrys financial capacity, resources on February 22, 2017KARACHI: Pakistan’s financial managers should remain cautious not to exceed the country’s financial capacity and resources, members of the export oriented industrial sector and business community said. They believe that there should be a balance between country’s imports and exports otherwise, trade deficit will likely to reach $25 billion mark by end of fiscal year […]
Duty on onyx slows value added export on February 19, 2017KARACHI: High import valuation of duty on onyx from Afghanistan dragged down export of value added onyx products by 26 percent to $24.25 million in July-Jan 2017. Ignoring all stakeholders the actions of the Federal Board of Revenue (FBR) and Pakistan Customs for duty revision has negatively impacted exporters who add value to onyx to […]
Lint producers feeling heat from international competitors on February 13, 2017KARACHI: As the United States (US) has allocated more than $600 billion for subsidies on agriculture commodities – mostly for cotton growers – lint producers in developing countries are finding it difficult to capitalize on cost and international price competition. Ghulam Rabbani, a senior member the Pakistan Yarn Merchant Association, said that this was an […]
Lint producers feeling heat from intl competitors on February 12, 2017 KARACHI: As the United States (US) has allocated more than $600 billion for subsidies on agriculture commodities – mostly for cotton growers – developing countries’ lint producers are finding it difficult to capitalize on cost and international price competition. Ghulam Rabbani, a senior member the Pakistan Yarn Merchant Association, said that this was unfair […]
Sindh govt told to provide 300 acres of land for Banarsi Cloth City on February 10, 2017KARACHI: The Sindh government has been asked to provide 300 acres of land near Northern Bypass for setting up a Banarsi Cloth City. “We can vie India well in the international market if government departments responsible for promotion of country’s exports provide maximum incentives and subsidy to this sector, said members of the Banarsi Cloth […]
WB keen to develop marble sector in Pakistan on February 6, 2017KARACHI: Following the completion of first phase of capacity building initiated by the World’s Bank Multi-Donor Trust Fund (MDTF) in marble sector in the Federally Administered Tribal Areas (FATA), the 2nd phase the project will be kicked off in a couple of months. The first phase was started simultaneously in FATA and Khyber Pakntunkhwa (KP), […]