Saturday, May 19, 2018

Poverty of Exports

 then adjusted as per the client’s need

The consequences of the unhindered outflow of marble blocks are manifold. The immediate impact is the “unavailability of raw materials” for the local market, according to Shehra. Even if the raw material is available, Pakistani buyers have to compete with Chinese buyers for their own natural resources, which most cannot afford given the rise in prices due to Chinese demand.


Local buyers are left with “second and third-rate categories of marble,” says Saifullah Naqvi, Vice Chairman of All Karachi Marble Industries Association.
Tariq explains: “We get blocks that are potato-shaped that need more work to cut. About 80 percent or so is just useless. After cutting it from six sides to turn it into a square block, we are only left with a small amount that’s usable.”
“China is the biggest importer of marble from Pakistan, however, the marble exported to China also includes semi-processed marble, which is then re-exported from China after value addition, which is hurting Pakistan’s marble industry to a significant extent,” cites a research report compiled by the State Bank of Pakistan titled Marble and Marble By-products.


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