Former Chairman of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Horticulture Exports, Ahmad Jawad, has stated that the kinnow season saw a drop in exports by over 40 per cent. Apparently, less than 200,000 tons of the fruit could be shipped abroad, against 460,000 tons last year.
“A steep increase in freight charges, unavailability of containers, lack of banking channels in some destination countries, export bottlenecks and a reduction in the yield because of climatic changes are stated to be the main culprits behind the downfall,” said Ahmed Jawad.
The former FPCCI chairman lamented that the State Bank of Pakistan (SBP) could not open formal banking channels both for Iranian and Russian markets due to which their potential could not be tapped.
Source: profit.pakistantoday.com.pk