After three consecutive months of losses due to coronavirus, Pakistan's exports increased by an overall increase of 5.8% in July. Pakistan's exports fell by more than 50 percent in April this year, down from 35 percent in May and 6 percent in June. However, July saw an increase in Pakistan's exports to about six percent. Pakistan exports surgical instruments, sports products, rice, fruits, leather products, etc., but the largest share in the export sector is textile and garment products, which account for more than 55%.
Pakistan's exports rose about 6 percent in July at a time when exports to two key countries in the region, India and Bangladesh, have declined. In July, India's exports fell by 13.7 percent, while Bangladesh's exports fell by 17 percent. One of the reasons for the increase in Pakistan's exports, among others, is that Bangladesh and India, unlike Pakistan, have a severe lockdown due to the coronavirus. Due to the lockdown, the export sector in these two countries is not able to fulfill the order and the resulting gap has been filled by Pakistan's export sector. Exports of textile products accounted for more than 14% of the recent increase The total increase in Pakistan's exports in July was 5.8 percent. Exports of textile products accounted for more than 14% of the increase. Leading businessman and former president of the Karachi Chamber of Commerce and Industry, Zubair Motiwala, said he did not consider the increase in an increase. He said that the increase in exports seen in recent days was not actually an increase but was due to stalled export orders which could not be picked up by foreign buyers due to lockdown across the world. Due to the lockdown, foreign buyers waited to send the ordered goods and in fact, this is the same goods that the government is now declaring an increase in exports. He added that the increase was meaningless in view of the huge deficit that the country's exports had incurred in the last three months. Motiwala said the government has made a political point to show that The country's exports are increasing. Talking about the persistence of this growth trend, Motiwala said that it is pointless to talk about the persistence of this growth when it is not growth at all. went. Pakistan plans to export سے 22-24 billion this year, with Pakistan relying heavily on textile and garment exports. Compared to Pakistan, Bangladesh's annual exports have exceeded 40 40 billion, with textiles and garments topping the list. India's total exports are over 300 300 billion, including textiles and garments. Talking about the increase in exports, Dr. Abid Qayyum Silhari, Executive Director, Sustainable Development Agency (SDPI), said that there are other reasons for the increase in exports, but it is also a reason. Pakistan may have gained some ground from export orders from India and Bangladesh where the lockdown was tougher than in Pakistan and the business sector was completely shut down. However, he said there were other factors behind it which boosted exports. In this regard, Zubair Motiwala said that what Bangladesh exports today was in fact our property which was shifted to Bangladesh due to difficulties faced by the export sector in Pakistan. He said that some small share may have come to Pakistan which could not be met due to lockdown in India and Bangladesh but it was mainly Pakistan's stagnant goods which were exported together due to increase. Made Garment products are one of the biggest exports Talking about "snatching" the share of exports from India and Bangladesh, Motiwala said that this could be done tomorrow but it is very important to have favorable conditions for the country's export sector. "If we take the cost of manufacturing the export goods, the cost in Bangladesh is 20 percent less than us," he said. In a situation where Bangladesh will sell cheap goods abroad, who will buy expensive products made in Pakistan? He said that the cost of electricity in Bangladesh is half that of Pakistan while the free and uninterrupted supply of water is provided to the export sector, as well as cheap labor is available there. In contrast, Pakistan has expensive electricity and expensive water, which is often unavailable. All these factors are making the goods manufactured in the export sector uncompetitive in the global market. Dr. Silhari said that Bangladesh has the advantage of being a least developed country due to which there are quotas for its products in different countries and they can be exported there at zero duty. He said that Bangladesh enjoys special tariff concessions in markets like Australia, USA and England which gives it a favorable environment to sell goods cheaper than Pakistani products. He said that while Bangladesh has the advantage in the world markets of tariff concessions and low production cost domestically, the law and order situation has also benefited the country a lot, so investment from Pakistan is also a boon to Bangladesh. The country relocated and local traders gave priority to setting up industry in Bangladesh. Talking about India, he said that the advantage that the neighboring country has due to its energy cost makes its products more attractive than Pakistan. Talking about the quality of Pakistan's export products and investments to innovate in them, Ibrahim Kasombi, former senior vice president of the Karachi Chamber of Commerce and Industry, said that in order to make their products globally attractive, 'brand development' "It is a must, which is very rare in Pakistan. Citing this as an example, he said that Pakistan's textile sector makes a profit by selling cloth and its products in the domestic market and works very little for the outside world. He said that the business sector invests in product innovation when it has a reasonable number of business orders in front of it. "When textile products are sold in the domestic market, they pay little attention to quality and innovation." In this regard, Dr. Silhari said that foreign investment is not equal to our export sector. "Take the example of Bangladesh, where multinational companies invest and manufacture their own branded products," he said. "Similarly, foreign investment in India comes in the export sector, compared to ours." There is a very small amount of foreign investment in the export sector. According to Dr. Silhari, on the other hand, our industry, which is the largest textile industry, also makes some profit by selling its products domestically, but pays little attention to quality and innovation. Talking about the quality of Pakistan's export products and investments to innovate in them, Ibrahim Kasombi, former senior vice president of the Karachi Chamber of Commerce and Industry, said that in order to make their products globally attractive, 'brand development' "It is a must, which is very rare in Pakistan. Citing this as an example, he said that Pakistan's textile sector makes a profit by selling cloth and its products in the domestic market and works very little for the outside world.
He said that the business sector invests in product innovation when it has a reasonable number of business orders in front of it. "When textile products are sold in the domestic market, they pay little attention to quality and innovation." In this regard, Dr. Silhari said that foreign investment is not equal to our export sector. "Take the example of Bangladesh, where multinational companies invest and manufacture their own branded products," he said. "Similarly, foreign investment in India comes in the export sector, compared to ours." There is a very small amount of foreign investment in the export sector. According to Dr. Silhari, on the other hand, our industry, which is the largest textile industry, also makes some profit by selling its products domestically, but pays little attention to quality and innovation.
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