Lotus Associates - Logistics

25/02/2021

Pakistan earned US $224.12 million by providing different travel services in various countries during the first half of current financial year 2020-21.
This shows decline of 18.54 percent as compared to US $275.114 million same services were provided during the corresponding period of fiscal year 2019-20, Pakistan Bureau of Statistics (PBS) said. During the period under review, the personal travel services decreased by 17.98 percent, from US $272.224 million last year to US $223.29 million during July-December (2020-21).
Among these personal services, the exports of personal expenditure, however, rose by 44.26 percent while the education related expenditure, however, witnessed a decrease of 13.21. In addition, the other personal services also decreased by 18.24 percent, out of which religious and other travel services witnessed decline 94.19 and 18.10 percent respectively.

18/02/2021

31/12/2020

May this year bring new happiness, new goals, new achievements, and a lot of new inspirations on your life. Wishing you a year fully loaded with happiness. Wishing every day of the new year to be filled with success, happiness, and prosperity for you. Happy New Year.

Regards,
Lotus Associates

29/12/2020

The textile industry in Pakistan is witnessing outstanding growth in capacity production despite Covid-19, which is evident from the massive export orders it has already received for the next half-year.

“Exports orders for the next 6 months are booked and despite COVID our exports have increased significantly compared to our regional competitors whose exports have shrunk”, said Adil Bashir, Chairman All Pakistan Textile Manufacturers Associations (APTMA).

Pakistan’s textile exports in the month of November increased by 9 percent, as compared to the same period last year. This is because of the sustained supply of gas, that will likely continue, and help maintain the momentum of enhanced exports which is currently working at full capacity.

“The textile sector is currently in the mode of rapid expansion to cater to increased orders and demand. It is absolutely essential to sustain this momentum which is being facilitated by the textile policy, in the form of Regionally Competitive Energy Tariffs and the sustained provision of gas/RLNG to the export sector”, the APTMA chief added.

There have been isolated cases of low pressure and supply problems in mixed feeders and APTMA has taken up these issues with the Petroleum Division who assured us of all possible assistance to remove any bottlenecks, he explained.

28/12/2020

Karachi Port has broken the world record for the most bulk cargo handled in a single day, ARY News has reported.

According to details, the port set this new record by offloading 11,802 tons of fertilizer in one day.

Karachi port also held the previous two world records for handling the most bulk cargo in one day.

In 2003, the port achieved the feat for the first time by dispatching record fertilizer in one day. Three years later, in 2006, it broke its own record by offloading record fertilizer in a single day.

Earlier this year in April, Karachi Port also docked its biggest ship Southampton Express, carrying 12,600 containers, at the South Asia Pakistan Terminals.