AIRLINK 189.40 Decreased By ▼ -7.25 (-3.69%)
BOP 10.08 Decreased By ▼ -0.06 (-0.59%)
CNERGY 6.69 No Change ▼ 0.00 (0%)
FCCL 33.91 Increased By ▲ 0.89 (2.7%)
FFL 17.17 Increased By ▲ 0.52 (3.12%)
FLYNG 23.74 Increased By ▲ 1.29 (5.75%)
HUBC 125.90 Decreased By ▼ -1.39 (-1.09%)
HUMNL 13.77 Decreased By ▼ -0.13 (-0.94%)
KEL 4.76 No Change ▼ 0.00 (0%)
KOSM 6.54 Increased By ▲ 0.17 (2.67%)
MLCF 43.10 Increased By ▲ 0.88 (2.08%)
OGDC 223.00 Increased By ▲ 9.97 (4.68%)
PACE 7.38 Increased By ▲ 0.37 (5.28%)
PAEL 41.65 Increased By ▲ 0.78 (1.91%)
PIAHCLA 17.30 Increased By ▲ 0.48 (2.85%)
PIBTL 8.40 Increased By ▲ 0.11 (1.33%)
POWER 9.04 Increased By ▲ 0.22 (2.49%)
PPL 193.20 Increased By ▲ 9.63 (5.25%)
PRL 37.34 Decreased By ▼ -0.93 (-2.43%)
PTC 23.92 Decreased By ▼ -0.15 (-0.62%)
SEARL 93.99 Decreased By ▼ -1.12 (-1.18%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 39.94 Decreased By ▼ -0.37 (-0.92%)
SYM 17.76 Decreased By ▼ -0.45 (-2.47%)
TELE 8.58 Decreased By ▼ -0.15 (-1.72%)
TPLP 12.39 Increased By ▲ 0.18 (1.47%)
TRG 62.45 Decreased By ▼ -1.91 (-2.97%)
WAVESAPP 10.25 Decreased By ▼ -0.19 (-1.82%)
WTL 1.77 Decreased By ▼ -0.02 (-1.12%)
YOUW 4.02 Increased By ▲ 0.02 (0.5%)
BR100 11,769 Increased By 46.3 (0.4%)
BR30 35,896 Increased By 536.5 (1.52%)
KSE100 113,260 Increased By 621.7 (0.55%)
KSE30 35,693 Increased By 235.2 (0.66%)

Marble exports to the Middle East countries have shown rapid increase within a few months, sharing 30 percent of total marble production. Sanaullah Khan, former chairman, All Pakistan Marble Mining Processing Industry and Exporters Association (PMMPIEA) told Business Recorder on Friday that Middle East countries, which had earlier imported a minimal quantity of Pakistani marble, are now sharing a larger portion, owing to low prices.
He said the Middle East countries are saving quite a lot by importing Pakistani marble as compared to other marble exporting countries, which are costly. He said that Pakistani marble exporters have to pay less transportation and other charges and this needs to be maintained for further growth. He said demand for marble is increasing in the Middle East countries, and this can be seen as, encouragement to small marble processing units.
"After receiving very good response from the Middle East countries, the association has planned to establish warehouses to meet the increasing demand in a minimum time," he said. He lamented that Karachi Electric Supply Corporation (KESC) is resorting to 10 to 12 hours load-shedding daily, resulting in huge financial losses to the sector, which is already suffering from inadequate resources.
He urged the government to take positive measures to facilitate the marble sector, saying the government should make a plan to provide interest free loans to install gas generators. Khan said that the sector, which was earlier generating around Rs 1 billion from domestic consumption, is now producing half of this quantity owing to frequent and prolonged load-shedding.
He said the government has completely ignored this sector in its policies, and marble exports to Middle East countries is the last hope for its survival". He said that the industry has the potential to achieve export target fixed for the current fiscal year by the government, but continuing electricity failure is hampering its growth and making it as impossible to achieve this target.

Copyright Business Recorder, 2008

Comments

Comments are closed.