PFC demands industrial status for furniture sector to boost export

News Image

MG News | June 10, 2019 at 03:08 PM GMT+05:00

0:00

Jun 10, 2019: Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Monday urged the government for awarding industry status to furniture sector to enhance its exports to fetch a reasonable foreign exchange for the country.

Presiding over a meeting of board of directors today, he asked the government to provide fiscal support for skills training and up gradation of machines with a view to boost labour intensive furniture sector besides awarding industry status to this sector for boosting export," says a press release.

He said local furniture sector attached great importance to national economy and could make a substantial contribution of billions of dollars export annually.

He urged the government to establish greater liaison with this sector to fully understand the market conditions and requirements of the industry needs for its protection, development and promotion.

Mian Kashif said the government should also provide more visible support to furniture business in terms of simple and easily obtainable grants for exhibiting and traveling to trade shows and promoting Pak export as a success globally.

He said currently, the textile sector was the country's largest industry in terms of exports, exporting US $14 billion worth of goods annually.

He suggested that a programme for developing and promoting the furniture sector both in rural and urban areas could be feasible, and also stressed the need for implementing modern techniques which not only enhance productivity, develop skills of labour and meet requirements of local and global markets.

PFC Chief Kashif Ashfaq further said there was great potential in Pakistan's local furniture industry which needed a greater acknowledgment by the government.

He praised the furniture carving industry of Chiniot, Gujrat and Gojra and said that it required the government's support to get promoted internationally.

He mentioned that around Rs four billion worth of furniture is imported but unfortunately, exports remain at Rs 0.7 billion, which clearly shows the condition of the local furniture industry and stressed the need to promote local industry.

He said if the required support was given to manufacturers and brands to reach out to international market, Pakistan's industry would contribute to the economy and furniture products would be considered leaders in the international market.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 185,543.01
576.35M
-0.52%
-975.70
ALLSHR 110,883.95
1,421.07M
-0.21%
-234.71
KSE30 56,998.00
313.06M
-0.83%
-479.10
KMI30 261,472.18
320.16M
-0.88%
-2323.37
KMIALLSHR 71,138.29
707.65M
-0.30%
-213.12
BKTi 54,074.14
81.81M
-1.08%
-590.97
OGTi 36,259.39
25.98M
-0.18%
-64.48
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 90,900.00 91,840.00
89,410.00
-335.00
-0.37%
BRENT CRUDE 62.66 62.70
59.96
2.70
4.50%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
0.05
0.06%
ROTTERDAM COAL MONTHLY 97.90 98.15
97.75
-0.80
-0.81%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 58.37 58.40
55.97
2.38
4.25%
SUGAR #11 WORLD 14.96 15.08
14.90
-0.02
-0.13%

Chart of the Day


Latest News
January 08, 2026 at 09:12 PM GMT+05:00

SCRA ends week above Rs36bn


January 08, 2026 at 08:53 PM GMT+05:00

SBP reserves increases by $141m in a week


January 08, 2026 at 05:45 PM GMT+05:00

3,000 wheat lines enter field trials


January 08, 2026 at 05:05 PM GMT+05:00

PTA rolls out 15-Year MVNO licensing framework


January 08, 2026 at 04:52 PM GMT+05:00

Saudi Arabia seeks deeper defence cooperation with Pakistan



Top 5 things to watch in this week

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