Wheat traders say exports of commodity negligible

Karachi, The Wheat Traders Association of Pakistan (WTAP) terming report about potential shortage of wheat, increase in prices and heavy buying by exporters and traders incorrect claimed that the current volume of wheat export is negligible.
Secretary, WTAP, Saleem Ahmed Nooruddin in a press statement emphasized that currently negligible or minor exports are taking place in containers or small random ships which are negligible in the overall wheat scenario of Pakistan or its trade. “Our members report that they are not aware of any heavy buying by stockists or exporters as Pakistan is currently completely priced-out of the export market.”
Saleem further stated that WTAP would welcome any statistics or names of Vessels etc. for export buying. He elaborated that WTAP in fact has been requesting for incentives so that they are able to export wheat for the last several years, Pakistan has lost its glory which was gained when we exported over 2million tons, 4 years back in one year. Small negligible tonnages hardly constitute wheat exports, he asserted.
Secretary WTAP said that the wheat traders and Exporters are neither stocking nor buying large quantities for exports and we would be happy to hear any information regarding this otherwise.


Date: 12/19/2011


MoU INKED BETWEEN WTAP & ECOMMERCE GATEWAY

Karachi, Friday, 26th February, 2010, Wheat Traders of Association of Pakistan has inked a Memorandum of Understanding (MoU), through its Vice President, Abdul Kalim Baakza, for Food Agriculture and Livestock Asia – Exhibition and Conference with Ecommerce Gateway Pakistan (Pvt) Ltd, for the next 5 years at Karachi Expo Centre. The signing ceremony was held at Unicorn House, on Friday, 26th February, 2010.

In his keynote address, Abdul Kalim Baakza, said that Agro Industry is a barometer of economy which directly affects some other core industries of the country. WTAP is striving to contribute its role for the revival of the economy, Baakza added. In terms of the MoU, both ECG and WTAP decided to expand their mutual business for the benefits of WTAP members, in particular and society at large. The two organizations shall facilitate and compliment each other in terms of promotion event of Food Agriculture and livestock Asia, being held during April, 2010 in Expo Centre, Karachi. The Ecommerce Gateway would promote this event, forming special Pavilion for WTAP wherever possible and with the support of its members. It is pertinent to mention that during the event, WTAP would be given one stall free of cost by ECG, where WTAP can promote its membership drive and thus promote WTAP’s aims and objectives. ECG will also offer a special subsidy of 70% discount to WTAP members for this Event.

While speaking to the WTAP members, Dr. Khursheed Nizam, President Ecommerce Gateway appreciated the efforts of WTAP and stated that considering that WTAP, at the moment, is not a big Association, but the name, Wheat Traders Association, having multiple dimensions, but there is a need of a proper interaction with all the stakeholders of Wheat, for which the Event in question would definitely create much hype and focus for the expansion of WTAP. The ceremony was attended by Abdul Kalim Baakza, Johar Ali Qandhari, Dr. Khursheed Nizam, Faraz M. Khan, Saleem Ahmed and some other members of WTAP.

Date: 12/1/2011