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July 31, 2017August 29, 2017 omarr77 Pakistan Finance

Fact Sheet Pakistan

Financial Factsheet of Pakistan

July 10, 2017August 29, 2017 omarr77 Pakistan Finance

CPEC stands for ‘China Pakistan Economic Corridor’ and is part of the grand ‘OBOR (One Belt One Road)’ initiative of China. OBOR was initiated by the Chinese President in 2013 and is the largest public infrastructure project in modern history.

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Textiles

World textile exports currently stand at roughly $800 billion. Pakistan’s share is at $12 billion which is 1.5% of total world exports whereas China’s share is 30%.
Pakistan cotton production for 2017-18 has been recorded at 11.5 Million bales (63% by Punjab 36% by Sindh) as compared to last year figure of 10.6 Million bales.
Pakistan’s textile exports reduced by 10% (from $13.8 billion in 2010-11 to $12.5 billion last year) in contrast to 31% growth by India (from $27 billion to $36 billion last year), 63% by Bangladesh (from $19 billion $32 billion) & 107% by Vietnam(from $15 billion to $31 billion).
Pakistan has around 200 garment factories as compared to 4,000 in Bangladesh.
Pakistan is the 4^th largest cotton producer and 3^rd largest cotton user in the world.

Agriculture & Livestock

In 2016-17, Pakistan imported 1.98 Million tons of edible oil worth PKR 152.5 Billion while its local production touched 0.45 Million tons.
Pakistan exported total 2.28 million metric tons of rice worth $1.06 billion in Jul17-Jan18 period as compared to 1.971 million metric tons amounting to $0.820 million.
Agri sector produces 24% of Pakistan’s GDP & employs 50% of workforce.
The International Grains Council (IGC) puts Pakistan’s total grains production at 31.3 million tons in 2016-17, compared with 31.1 million the year before.
Pakistan is set to import a total of 200,000 tons of grains in 2016-17, down from 400,000 the year before.
Pakistan is the 5^th largest citrus producer, 10^th largest rice producer & 4^th largest rice exporter of the world.
Rice is country’s 2^nd biggest export after textiles.
Wheat procurement price was set at PKR 1,300 per 40Kg for the 2016-17 season. Wheat stock as on 28.02.17 was 5.52M tons.
Livestock is 60% of total agri in Pakistan, employs more than 35M people & produces almost USD 500M worth of products. Pakistan is the 5^th largest milk producer of the world.

Auto Sector

The production of motor bikes in the country increased by 16.91% during 7-month period Jul17-Jun18 (rose to 1,091,555 units from 935,951 units in same period of previous year). Honda has the majority share of 59% in production.
The automotive industry contributes nearly PKR 50 billion (3% of GDP), employing a workforce of 192,000 directly and 1.2 million indirectly.
There are 500 auto-parts manufacturers in the country that supply parts to original equipment manufacturers.
Auto sector presently, contributes 16% to the manufacturing sector. Vehicles’ manufacturers directly employ over 192,000 people with a total investment of over $ 1.5 billion.
Currently, there are around 82 vehicles’ assemblers in the industry producing passengers cars, light commercial vehicles, trucks, buses, tractors and 2/3 wheelers.

Sugar

Pakistan is 6^th largest sugar exporter of the world. It is the 2^nd largest agro-based industry of the country with 89 sugar mills spread all over the country and a daily crushing capacity of nearly 0.7M tons.
Pakistan’s per capita sugar consumption is 25kg per annum & 60% of the commodity is used in local processed food sector.
For 2016-17 season, expected local sugar production is 5.5M tons (extracted from 70M tons sugarcane), carryover stock from last season is 1.2M tons, local annual consumption is 5M tons & excess stock of 1.7M tons is expected next year.

Cement

In 2014, Pakistan is world’s 17^th largest cement producer and 18^th largest consumer. Total installed and operating capacities in the local cement industry were 45.64M tonnes and 34.89M tonnes during FYE 06/2015.
In North, there are about 19 cement plant units with annualized cement production capacity of about 37M tonnes (81% of total country capacity) whereas South has about 5 companies with annualized cement production capacity of about 8.6M tonnes (19% of total country capacity).
Planned expansion in sector is over 28M tons in the next 5 years taking the total capacity to 72M tons.

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