Business: 1.6% decline witnesses in surgical instruments

July 2, 2013 Off By Web Desk

Sialkot: As many as 1.6 percent declines has been witnessed in overall exports of surgical instruments from Sialkot during running fiscal year, as compared to the last fiscal year.

Chairman Surgical Instruments Manufacturers Association of Pakistan SIMAP Muhammad Bilal Tanvir disclosed this while talking to newsmen at his office on Tuesday.

He said that the total surgical exporters were US $ 279 million from Sialkot in fiscal year 201112 and these exports were US$ 274 million during the fiscal year 201213, showing US$ 5 million 1.6 percent decline in surgical exports from Sialkot.

Chairman SIMAP Muhammad Bilal Tanvir revealed that despite the prolonged unbearable energy crisis and other unavoidable circumstances, the surgical exporters of Sialkot were striving to keep the graph of surgical exports up, as they had reduced their profit margins to give a boost to surgical exports from Sialkot, adding that the several exporters from Sialkot even were exporting the surgical instruments to various foreign destinations even on no profit and no loss basis in a bid to remain competitive in the international trade markets, in this regard.