Pakistan exports first-ever meat consignment to Jordan

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ISLAMABAD – Pakistan has exported its first-ever meat consignment to Jordan as PTI government’s efforts to increase exports are yielding results.

The development was announced by Advisor to Prime Minister for Commerce and Investment Abdul Razak Dawood on Monday. The consignment was delivered by TATA Foods.

“We congratulate TATA Foods on exporting Flag of Pakistan Pakistan’s first ever consignment meat has been exported to Flag of Jordan Jordan. Promotion & facilitation of non-traditional products to new markets constitutes MOC’s diversification policy,” Dawood wrote on Twitter.

He also urged other exporters to emulate the development and aggressively market their products in Jordan and other new markets.

Earlier this month, Dawood welcomed the approval of 10 Pakistani slaughterhouses from Pakistan by the Egypt’s Veterinary Quarantine Department for export of meat.

Ten slaughterhouses from Pakistan have been approved by the Egypt’s Veterinary Quarantine Department for export of meat to Egypt, the Adviser said this on his official twitter account.

He said this has been done as a result of audit conducted by the Egyptian Veterinary authorities.

This is a part of our policy of geographical and product diversification, he said.

“Our exporters are urged to go full speed ahead to capitalize on this opportunity as this sector has immense potential”.

Pakistani exports in October 2021 grew by 17.5% to $2.471 billion as compared to $2.104 billion in Oct 2020.

“This is the highest ever export in any October in our history. Our export target for October 2021 was $2.6 billion,” Dawood had wrote on Twitter.

“For the period Jul-Oct 2021, our exports grew by 25% to USD 9.468 million as compared to USD 7.576 billion during Jul-Oct 2020. Our target for Jul-Oct 2021 was USD 9.6 billion. During Jul-Oct 2021, our imports increased by 64% to $24.99 million compared to $15.19 billion during Jul-Oct 2020,” Dawood explained.

He said that about 40% of the increase is investment-driven (Capital Goods, Raw Material & Intermediates) which indicates expansion of industry and enhanced activity by industry.

“The remaining 60% of imports comprise Petroleum, Coal & Gas 34%, Vaccines 11%, Food (8%), Consumer goods (2%) and all others (5%). Most of this is inelastic in nature. In absolute terms, the net increase in imports over this period is USD 9.801 billion.

“Of this, the Consumer Goods are USD 239 million, Food USD 823 million, Capital Goods USD 1,620 million Raw Material & Intermediates USD 2,209 million, Petroleum, Coal & Gas USD 3,364 million, Vaccines USD 1,068 million and all others USD 478 million,” he added.

Read more: https://pakobserver.net/pakistans-exports-to-usa-increase-49-to-1565-million-in-3-months/

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