A Proposal for Fiscal Incentives for the Raw-Jute Exports (Notes & Comments)

A. K. M. Ghulam Rabbani


While jute is an important crop, jute policy of Pakistan has
often been inadequate. Efforts to improve the productivity of jute and
to pursue a price policy consistent with the long-term interest of jute
in the external market have been peripheral and uncoordinated and all
along not been commensurate with the gravity of the issues involved. In
the twenty years since Pakistan came into existence, the world
production of jute and allied fibres increased by nearly 300 per cent
from a level of about 1.5 million metric tons during the period 1947-52
to 4.3 million tons during 1967/68, whereas Pakistan's production of
jute has stagnated at a level around 1.0 to 1.3 million tons per annum.
As a result, Pakistan's share in the world production has continuously
declined from about 80 per cent in 1947/48 to only 30 per cent in
1967/68. In the same period the volume of world export trade in raw jute
and jute goods increased by nearly 40 per cent whereas Pakistan's
exports increased only marginally by 8 per cent — its share in raw jute
had declined in absolute terms which could hardly be compensated by the
increase in exports of jute goods [6].

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DOI: https://doi.org/10.30541/v9i4pp.400-418


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