Fast Market Research

New Market Study Published: Pakistan Shipping Report Q3 2013

Fast Market Research recommends "Pakistan Shipping Report Q3 2013" from Business Monitor International, now available


Boston, MA -- (SBWIRE) -- 07/26/2013 -- Steady Growth But Beware Downside Risks

Our immediate economic outlook for Pakistan remains broadly unchanged on our last quarterly shipping report. Despite ongoing structural problems such as the long-running energy crisis, a poor security situation and poor fiscal management, the country has been seeing a gradual improvement in activity levels, largely driven by a supportive monetary policy and an improvement in private sector credit. We continue to expect GDP growth of 4% in fiscal year (FY) 2012/13 (July to June), which would mark the strongest growth in six years, albeit nowhere near the mid-to-high single-digit growth rates achieved prior to the 2008 global economic crisis. For FY2013/14 we are forecasting the same 4% level of expansion. This prediction is, of course, highly sensitive to political risk, particularly with the Pakistan elections which were held in May 2013. There is also a significant risk linked to a potential balance of payments crisis outlined below.

View Full Report Details and Table of Contents

Looking at the port sector, we expect volume growth to be positive but with some fairly wide variations. The crisis in the eurozone, Pakistan's most important trading partner, remains a key factor. BMI calculates that the real value of total trade (imports + exports) fell by 1.7% in 2011/12, but is set to recover by 3.5% in 2012/13 and will grow by 3.9% in 2013/14. We think regional demand from neighbouring countries using Pakistani ports as a gateway will provide a little upside potential, but this will not yet be significant.

Headline Industry Data

- 2012/13 tonnage throughput at the Port of Karachi is forecast by BMI to grow by 7.3% to 40.651mn tonnes; growth to slow to 1.6% in 2013/14.
- 2012/13 container throughput growth at the Port of Karachi forecast to increase by 2.2% to 1.531mn 20- foot equivalent units (TEUs); growth in 2013/14 to rise slightly to 2.4%.
- 2012/13 tonnage throughput at the Port of Muhammad Bin Qasim forecast to grow by 5.2% to 25.277mn tonnes; growth in 2013/14 to ease to 3.0%.
- 2012/13 container throughput at the Port of Muhammad Bin Qasim forecast to grow by 4.2% to 762,744 TEUs; growth in 2013/14 to rise to 5.4%.
- Pakistan's total trade forecast to see real growth of 3.5% in 2012/13, rising to 3.9% in 2013/14.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Browse all Transportation research reports at Fast Market Research

You may also be interested in these related reports:

- Vietnam Shipping Report Q3 2013
- Nigeria Shipping Report Q3 2013
- Australia Shipping Report Q3 2013
- Malaysia Shipping Report Q3 2013
- Oman Shipping Report Q3 2013
- Philippines Shipping Report Q3 2013
- Poland Shipping Report Q3 2013
- United Arab Emirates Shipping Report Q3 2013
- Egypt Shipping Report Q3 2013
- Iran Shipping Report Q3 2013