AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)
Top News

Power, gas loadshedding: Leather industry seeks exemption

RECORDER REPORT LAHORE: President India-Pakistan Chamber of Commerce and Industry (IPCCI) and former President Federa
Published November 18, 2012

Leather industryRECORDER REPORT

LAHORE: President India-Pakistan Chamber of Commerce and Industry (IPCCI) and former President Federation of Pakistan Chamber of Commerce and Industry (FPCCI) S M Munir has stressed the need for exemption to the leather industry from daily power and gas loadshedding.

 

In a letter to the Prime Minister of Pakistan, Federal Minister for Commerce and Advisor to the PM on Petroleum and Natural Resources, S M Munir said that power and gas loadshedding was the biggest problem faced by the industry, as it was difficult for the industry to process the skins and hides of sacrificial animals accumulated over Eid-ul-Azha.

 

He said during the current year Pakistan Tanners Association (PTA) had accumulated 35-40 percent of all the sacrificial animals’ hides and skins from Lahore, Karachi, Sialkot, Kasur and other parts of the country.

 

According to some estimates, this year around 5.7 million (worth over Rs 6.2 billion) animals were sacrificed throughout the country. Furthermore, he stated that Pakistan was one of the biggest markets of raw hides and skins in Asia and about 30 percent of the total production was generated only on the occasion of Eid.

 

The loss due to hiring of unprofessional butchers, lack of preservation and storage was already very high, he added. He pointed out that Pakistani leather’s quality was considered one of the best in the world that fetched sizeable foreign exchange for the country and also played an important role in job creation and poverty alleviation.

 

However, in the current loadshedding situation and due to hot and dry climate, it was not possible for the tanning industry to handle all those hides and skins or save them for the future and to complete the foreign orders to make leather garments, bags, footwear and gloves, he said.

Comments

Comments are closed.