Government support can help push leather exports to three billion dollars: Mian Zahid Hussain

News Image

MG News | November 13, 2017 at 03:41 PM GMT+05:00

0:00

President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Monday said restrictions over the export of raw leather and semi-finished products can help boost value-added industry which is facing the shortage of raw material.

It will boost the industry involved in making sports goods, garments gloves, belts, bags, purses, footwear which will help country generate good foreign exchange, the Former Minister said.

Mian Zahid Hussain said that skins of sacrificial animals worth billions are wasted every year due to inexperienced butchers, lack of proper storage facilities and load shedding for which government needs to launch a massive training program with the help of Pakistan Tanners Association.

He said that cost of doing business in Pakistan is high as compared to competing nations like China and India which has taken a toll on exports which fell by 26 percent during 2016. 

The business leader further said that this sector consists of around 12800 units and most of them are suffering from lack of government’s support and apathy of the government which is keeping them from up gradation which can boost the country’s share in the international leather trade.

Government is focusing on the development of halal industry while the leather industry is part of the halal chain, therefore, it should also be promoted, he demanded. 

Related News

Name Price/Vol %Chg/NChg
KSE100 146,842.97
308.12M
-3.21%
-4864.54
ALLSHR 87,967.59
522.14M
-3.28%
-2983.36
KSE30 44,431.42
152.55M
-3.24%
-1487.15
KMI30 212,754.03
116.65M
-3.35%
-7371.19
KMIALLSHR 57,498.02
266.29M
-3.14%
-1865.50
BKTi 40,085.67
63.43M
-2.93%
-1211.97
OGTi 30,663.77
19.55M
-1.69%
-525.64
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 66,745.00 68,420.00
65,090.00
520.00
0.79%
BRENT CRUDE 114.70 116.89
111.41
2.13
1.89%
RICHARDS BAY COAL MONTHLY 112.50 112.50
112.00
1.40
1.26%
ROTTERDAM COAL MONTHLY 122.00 125.40
122.00
-0.75
-0.61%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 105.16 105.36
99.43
5.52
5.54%
SUGAR #11 WORLD 15.54 16.10
15.52
-0.22
-1.40%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg