AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)

imageISLAMABAD: Ministry of Commerce would fund and support the establishment of dry port in Sargodha to facilitate the export of fruits and minerals, produced in the region directly to other countries.

This was decided in the 71st meeting of the Board of Administrators of the Export Development Fund (EDF) held here under the chairmanship of Minister for Commerce, Engr. Khurram Dastgir Khan here Thursday

The Board authorized to conduct a business and technical feasibility study of the proposed dry port for detailed designing and cost estimation of the dry port project from a well-reputed consultant, according to a statement issued by the Ministry.

The details presented in the Board meeting, informed that citrus was major exportable item of the region and there were about 250 kinnow processing units operating in the region.

"All the export consignments of the region have to be cleared at Karachi due to the unavailability of the dry port in the area", it said.

According to the statement, the construction of dry port would greatly facilitate the export process as all the consignments would be cleared and sealed at the dry port and dispatched to the destination country without having to bother for clearance at the sea-port.

"This will provide great convenience to the exporters, save considerable amount of time and encourage the exporters to export more", it said.

It said that the dry port would also facilitate the exporters of minerals such as gypsum, rock salt and iron ore which are found in the adjoining area.

This would also bring extra premium to the artisans associated with the cottage industry of wooden handicrafts which are exported to China, Malaysia and Italy.

The Minister for Commerce on the occasion said that one of the reasons that SMEs to stay away from exporting their products, was due to the cumbersome procedures involved in the exporting.

The dry port will provide them all the clearance facilities at their door-step, thus resulting in an attractive incentive to export their products, he added.

The Board approved the establishment of a fruit packaging and processing plant in Quetta.

The plant would provide modern value-addition facilities which would help thousands of fruit farmers of Baluchistan to get extra value of the produce.

This would help the farmers to export their fruits to western countries.

The Board also approved a project for the expansion of Effluent Treatment Plant established in Korangi, Karachi which produces electricity using the bio gas produced in the tanneries. Availability of bio gas generators save 70% of the energy already supplied through the grid.

Technical experts noted that this plant would cut the operational cost and reduce the methane gas emission in the air considerably.

Copyright APP (Associated Press of Pakistan), 2016

Comments

Comments are closed.