AGL 38.11 Decreased By ▼ -1.47 (-3.71%)
AIRLINK 128.54 Decreased By ▼ -2.68 (-2.04%)
BOP 6.86 Increased By ▲ 0.05 (0.73%)
CNERGY 4.55 Decreased By ▼ -0.16 (-3.4%)
DCL 8.07 Decreased By ▼ -0.37 (-4.38%)
DFML 39.50 Decreased By ▼ -1.97 (-4.75%)
DGKC 78.51 Decreased By ▼ -3.58 (-4.36%)
FCCL 31.44 Decreased By ▼ -1.66 (-5.02%)
FFBL 70.20 Decreased By ▼ -2.67 (-3.66%)
FFL 11.94 Decreased By ▼ -0.32 (-2.61%)
HUBC 108.00 Decreased By ▼ -2.74 (-2.47%)
HUMNL 13.56 Decreased By ▼ -0.95 (-6.55%)
KEL 4.85 Decreased By ▼ -0.34 (-6.55%)
KOSM 7.48 Decreased By ▼ -0.13 (-1.71%)
MLCF 37.25 Decreased By ▼ -1.65 (-4.24%)
NBP 67.30 Increased By ▲ 3.29 (5.14%)
OGDC 188.00 Decreased By ▼ -4.82 (-2.5%)
PAEL 24.98 Decreased By ▼ -0.70 (-2.73%)
PIBTL 7.23 Decreased By ▼ -0.11 (-1.5%)
PPL 146.65 Decreased By ▼ -7.42 (-4.82%)
PRL 24.76 Decreased By ▼ -1.07 (-4.14%)
PTC 16.80 Decreased By ▼ -1.01 (-5.67%)
SEARL 79.40 Decreased By ▼ -2.90 (-3.52%)
TELE 7.44 Decreased By ▼ -0.32 (-4.12%)
TOMCL 32.35 Decreased By ▼ -1.11 (-3.32%)
TPLP 8.17 Decreased By ▼ -0.32 (-3.77%)
TREET 16.61 Decreased By ▼ -0.01 (-0.06%)
TRG 56.29 Decreased By ▼ -1.11 (-1.93%)
UNITY 27.72 Increased By ▲ 0.21 (0.76%)
WTL 1.32 Decreased By ▼ -0.05 (-3.65%)
BR100 10,239 Decreased By -265.6 (-2.53%)
BR30 30,232 Decreased By -994 (-3.18%)
KSE100 96,251 Decreased By -1828.8 (-1.86%)
KSE30 30,009 Decreased By -549.4 (-1.8%)

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.