Imports and Exports of Pakistan

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International business

Final Assignment

SUBMITTED TO : SIR Imran Ali
SUBMITTED BY : ZIA FARID HANS
REGISTRTION# : MBT-F11-107-B/LHR

Abstract

This study is all about the major exports and imports of Pakistan. What are the main countries with whom Pakistan is conducting its import and export. Every country wants to increase its exports and decrees its imports, how Pakistan can achieve this objective. What are proposed steps the government of Pakistan should follow. Small and medium scale industries are contributing the most in the economies of developing countries like India and China. What are the problems faced by SMEs in Pakistan and how these problems can be tackled so that Pakistani SMEs also perform as they should. Trade and development authority of Pakistan is the regulatory body regarding the trade affairs with different countries. It also can affect the performance of the economy.

Table of Contents
Economy of Pakistan4
Major Exports of Pakistan4
Major Imports of Pakistan5
The main countries for the exports of Pakistan5
The main countries for the imports of Pakistan6
How exports can be enhanced6
Suggestions to minimize the imports of Pakistan7
Potentials of exports in Pakistan9
Problems faced by Pakistani importers and exporters9
Small and medium scale enterprises (SME`s).10
Letter of credit12
Advantages13
Disadvantages13
Trade and development authority of Pakistan13
Some major importer and exporter of Pakistan14
Hassan ali rise export compny14
ARSA pak instruments co.14
Prime international14
Speedy freight international14
Findings and conclusion14

Economy of Pakistan
Pakistani economy has two main streams agricultural sector and industrial sector. Like every country Pakistan also has to import some products for local usage and export the things which are excessively produced in the country. By exporting those things the economy earns a lot and by importing the things the economy has to spend a lot. Unfortunately the total exports of Pakistan are less than the total imports of the country. The reason behind this is that economy of Pakistan mainly depend on agricultural sector and Pakistani exports are agricultural products, which has low value and high volume while Pakistani imports are heavy plants, machinery, steel, oil and technology. These all are capital goods and are quite expensive in nature. Low value exports and high value imports is also a reason for the trade deficit for the economy of Pakistan. Major Exports of Pakistan

While analyzing the exports of Pakistan I came to know that Pakistan exports a large number of goods to other countries. The major part of all these exports are the raw materials and consumer goods. The major exports are * Rice, raw cotton yarn, textile products

* Leather products
* Carpets and tents
* Sports products
* Cutlery and surgical products
* Garments
* Vegetables, fruits and chicken
* Dairy products
* Chemicals and pharmaceuticals.
* From this year Pakistan is exporting the sugar and 400000 ton sugar export quota is being permitted from the government of Pakistan, 200000 ton sugar is already exported.

Major Imports of Pakistan
Pakistan imports different commodities from different countries of the world. As described earlier Pakistan imports capital goods and extensive technological products, which is quite expensive and we have to spend a lot to meet our needs. The following are the basic imports for us. * Machinery (plants)

* Petroleum
* Fertilizers
* Auto mobiles
* Canola oil
* Tea
* Plastic materials
* Steel
* Technological products (mobile phones, lap tops, and other hand held devices) * Chemicals
* Paper boards.
* Edible oil

The main countries for the exports of Pakistan
Pakistan exports its products mainly in some countries like U.S.A. Germany, United Kingdom, K.S.A. china, Japan, Hong...
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