ISLAMABAD: Exports of leather garments has reached US$ 234 million in first seven months of current fiscal year as US$ 221.5 million during the corresponding period last year, showing 5.6 % increase in revenue.
The leather garments exports in 2011-12 came down to US $ 341.0 million as decline for the year as compared to 2010-11 was 15.65% in terms of value and 13% in terms of quantity.
A data released by Federal Bureau of Statistics (FBS) on Thursday said exports of leather garments during 2008-09 were US$ 392.5 million which increased to US$ 404.3 million in 2010-11, showing an increase of 3.0%.
The reasons for decline in export of leather garments were rising cost of production, little availability of leather and its high prices, law & order situation in Karachi in particular and Pakistan in general and energy crises.
The authorities also took steps in consultation with major players of leather sector to enhance the export of leather garments which included release of Rs 881.917 million from 1992-93 to March 5, 2013 for the leather sector from Export Development Fund.
Moreover, in order to improve supply chain of leather sector exports, 25% financial cost for setting up of design centers and labs has been provided by the Ministry of Commerce.
Installation of flaying machines in slaughter houses at district level, request of Sialkot Chamber of Industry for provision of common effluent treatment plant for its leather industry has been agreed to and is currently under process.
During fiscal year 2011-12, Trade Development Authority of Pakistan (TDAP) organized Pakistan's participation in nine trade fairs and exhibitions of leather garments and its accessories.
Two fairs were allocated to Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) in year 2011-2012 and in 2012-13 as well. In these events, 50% subsidy was provided to the trade bodies towards space rent and construction of stalls.
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