The federal government has imposed a ban on the export of onions and red chillies with immediate effect till May 31, as revealed in a notification. The decision to impose a ban was taken by the cabinet in the Economic Coordination Committee meeting on February 19. However, the decsion would cost millions of dollars to fruit and vegetables exporters.
The government of Kenya has shown keen interest in importing mangoes and citrus fruits from Pakistan. This was said by Waheed Ahmed, Patron in Chief of All Pakistan Fruit & Vegetable Exporters, Importers & Merchant Association from Kenya who is visiting its capital Nairobi. Waheed Ahmed said that they have held several meetings with the government officials in Kenya, convincing them about the varieties Pakistan hold for Mango and citrus.
Manpower export from Pakistan to Saudi Arabia has recorded a significant increase of 207% during the first 10 months of 2019 as compared to last year. According to the Ministry of Overseas Pakistanis and Human Resource Development, more than 258,215 Pakistanis travelled to Saudi Arabia in search of employment in different sectors while only 84,091 went to Saudi Arabia looking for different opportunities.
Pakistan’s IT companies continued to strengthen their niche in software consultancy services as they attracted over $100 million in receipts in first four months of the current financial year 2019-20. It showed growth of 14.7 percent as compared to same period last year. The overall growth in this field was seen due to the improvement in demand and acceptance of Pakistani companies.
Exports of manufactured leather goods from Pakistan grew by 10.41% during the first quarter of the current financial year as compared to exports of the corresponding period last year. According to the data released by the Pakistan Bureau of Statistics, the export of leather garments increased by 11.48%. Other leather goods exports of the country also recorded a positive growth of 5.20%. i.e. worth $2.6 million as compared to to the exports of $2.5 million in the same period last year.
After a meeting held of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) in Lahore, Pakistan decided to export gemstones and jewellery to China as opportunities for improving bilateral trade were explored during the meeting. Pakistan possesses large untapped reserves of precious gemstones which can be exported to China as China is the biggest buyer of jewellery and gemstones.