Pakistan knitwear exporters association

Pakistan knitwear exporters association is a prominent business group that works to advance and defend the commercial interests of Pakistan’s knitwear and sweater exporters. It was established as a company limited by guarantee on February 3rd, 1987, in accordance with section 42 of the Companies Ordinance, 1984. Under section 3(2)(d) of the Trade Organizations Ordinance 2007, the Ministry of Commerce, Government of Pakistan, granted it a license to operate as a trade organization. The Federation of Pakistan Chambers of Commerce & Industry is a member (FPCCI). It gives the community of knitwear exporters a platform to voice their opinions, and via successful policy advocacy, it can bring about desired changes in legislation, rules and regulations, legal decisions, policies, committee action, and institutional procedures.was an endeavor by stakeholders to sway public policy through several types of persuasion messaging. It promotes the common interests of its members and contributes in several ways to both their and the nation’s overall welfare. It takes into account their worries about the issues and problems that face the export of knitwear and sweaters and develops strategies for dealing with and resolving them. In actuality, it is a knitwear industry interlocutor. The Association’s head office is in Karachi, where it also serves members from the provinces of Sindh and Baluchistan. A zonal office in Lahore serves members from the provinces of Punjab, Khyber Pakhtoonkhwa, and Azad Kashmir. Prior to this, the Association actively participated in the administration of the quota system of the Export Promotion Bureau, and the Ministry of Commerce is directly connected to the United States, Europe, Canada, and other nations. The Pakistan Trade Development Authority and the Ministry of Textile Industry are now both totally affiliated with it.

Pakistan knitwear exporters association

Import Export Pakistan knitwear exporters association

The Pakistan Knitwear & Sweater Exporters Association (PAKSEA) is a prominent business group that works to advance and defend the commercial interests of Pakistan’s knitwear and sweater exporters. It was established as a company limited by guarantee on February 3rd, 1987, in accordance with section 42 of the Companies Ordinance, 1984. Under section 3(2)(d) of the Trade Organizations Ordinance 2007, the Ministry of Commerce, Government of Pakistan, granted it a license to operate as a trade organization. The Federation of Pakistan Chambers of Commerce & Industry is a member (FPCCI). It gives the community of knitwear exporters a platform to voice their opinions, and via successful policy advocacy, it can bring about desired changes in legislation, rules and regulations, legal decisions, policies, committee action, and institutional procedures. Pakistan was awarded GSP Plus status by the EU till 2017, which allowed it to export 20% of its goods to the EU market duty-free and 70% at preferential rates. After the resolution was approved by the European Parliament by a majority of 406-186, it was awarded this status.

Pakistan knitwear exporters association

Export of Pakistan

Pakistan’s exports for the 2015–2016 fiscal year totaled US$21 billion, while its imports for the same year was US$44.76 billion. In the fiscal year 2007–2008, Pakistan’s exports surged by more than 100% from $7.5 billion in 1999 to $18 billion. Pakistan exports a wide variety of goods, including rice, minnows, mangoes, furniture, cotton fiber, cement, tiles, marble, textiles, clothing, leather goods, veterinary surgical supplies, sports goods (famous for its footballs and soccer balls), cutlery, surgical instruments, electrical appliances, software, carpets, rugs, ice cream, livestock meat, chicken, powdered milk, wheat, seafood (especially shrimp/prawns), vegetables, processed food items, and Pakistani Cement are produced in Pakistan and exported to Asia and the Middle East. Pakistan started exporting in August 2007 India needed cement to make up for a shortage brought on by the building boom. The market for Pakistani exports to Russia is expanding. Pakistan’s export goal for 2009–2010 was $20 billion USD. [8] Pakistan’s exports totaled US$29 billion as of April 2015.

Import of Pakistan

Refined petroleum, crude petroleum, petroleum gas, palm oil, and scrap iron are Pakistan’s top five imports, with the majority coming from China ($14.7 billion), the United Arab Emirates ($5.93 billion), the United States ($2.59 billion), Saudi Arabia ($2.23 billion), and Indonesia ($2.08 billion). Pakistan was the world’s largest importer of metallic yarn ($48.6M) and tea ($601M) in 2019. Location: On land, Pakistan shares borders with Afghanistan, China, India, Iran, and Oman

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Pakistan Industry

Of the 921 industrial units on the subcontinent, Pakistan only received 34 at the time of independence. They included the cotton textile, tobacco, sugar, rice husking, cotton ginning, and flour milling industries. Together, these sectors provided barely 7% of the nation’s gross domestic product and employed just over 26,000 people. Pakistan’s economy now ranks 22nd in terms of Purchasing Power Parity. Pakistan’s industries prospered over time. are now responsible for 64% of GDP, up from only 7% in production. Agriculture, the automotive sector, cement, steel, tobacco, chemicals, machinery, and the cotton textile industry are some of the major industries.

Leather Industry

With more than 800 tanneries working to produce the highest-quality finished leather from cow, buffalo, sheep, and goat skins, PAKISTAN has long been recognized as a center for the production of high-quality leather and leather goods. Pakistan’s economy depends heavily on the production of 13.0 million hides and 47.4 million skins annually from its abundant supply of agricultural products and a big population of animals (2015-16). Goat, cow, and buffalo hides are of satisfactory quality in Pakistan. In terms of grain, substance, and fiber density, the sheepskins we have in Pakistan are superior. Exporters of finished leather and leather goods are committed to growing their export business. Pakistan shipped According to the Pakistan Bureau of Statistics, leather exports were worth $190.856 million from July to October 2020, compared to $181.338 million from July to October 2019–20. This is a 5.25 percent increase (PBS). In order to maintain the ideal reputation of Pakistan’s leather industry, the sector is actively participating in the WTO while maintaining a high standard of quality. As the largest contributor to the GDP and foreign exchange profits of the nation. Pakistan’s leather industry, directly and indirectly, employs more than 500,000 people. (2009-2010)

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