Pakistan to export cigarettes worth $50m for the first time

11
6384

ISLAMABAD: Although Pakistan has been exporting tobacco and tobacco products to various countries, now for the first time, the country is going to export cigarettes worth $50 million, it is learnt reliably.

According to sources, Pakistani tobacco companies have received an import order of cigarette from gulf countries, particularly Saudi Arabia.

Local tobacco firms had earlier received an import order but were unable to meet quality standards and the entire stock had to be put to waste.

“All the standards set by the importers have now been met successfully and we are expecting the export of cigarettes to Middle Eastern countries to start by next month,” said a top-ranked source in Pakistan Tobacco Board while talking to Pakistan Today. “It is a positive development that Pakistan will be exporting the finished product for the first time. We may be able to export cigarettes to other countries once we successfully capture the Gulf market.”

Pakistan has a market share of around $25 million in the $80 billion trade of world tobacco. According to sources, Pakistan has been exporting tobacco (unfinished) worth $25 million to Middle East and some European countries, which is almost 30pc of the tobacco being produced in the country. The rest of tobacco is consumed in making cigarettes for domestic market.

As per statistics of financial year 2018-19, at least 108,000 tonnes of tobacco worth $24.4 million was exported to at least 26 countries.

Pakistan’s major tobacco export destinations included South Korea, Malaysia, Indonesia, Netherlands, UAE, Paraguay, Saudi Arabia, Germany, Kazakhstan, Myanmar, UK, Kuwait, Poland, Australia, USA, Singapore, Canada, Ukraine, Philippines, Bangladesh, Belgium, Afghanistan, Italy, Russia, Yemen, and Bulgaria.

11 COMMENTS

  1. Why doesn’t the government start growing poppy and start exporting cannabis and heroin because they are much more profitable and bring in much greater foreign exchange for the country?

  2. I hope we can increase exports of finished tobacco products to hundreds of millions. More jobs for Pakistanis and more options for Pakistani farmers.

  3. Great achievement.Pakistan Tobacco has the capability to deliver world class Quality standards.
    Congratulation to whole team involved. Well done and keep the Pakistan Flag high with dignity and respect.

  4. Sugar Mills owner and tobacco industry owners both are part of the government and these are the only two industries growing at the cost of over all economic growth

LEAVE A REPLY

Please enter your comment!
Please enter your name here