Islamabad: The Pakistan Economy Watch (PEW) on Monday said Pakistan’s leather sector could play its role in the national growth if it was patronised.
The country has abundant raw leather which can help it become a leading player in the one trillion dollars global trade of leather and leather goods, it said.
Pakistan will have to soften laws, change the attitude and stop discouraging this sector so that it can thrive, said Dr. Murtaza Mughal, President PEW.
He said that local leather industry is on the decline since long while exports have dwindled after getting GSP Plus status which is amazing.
Dr. Murtaza Mughal said that according to some estimates Pakistan share in the global leather trade is declining to benefit the competitors.
He said that the current situation is a result of the energy crisis, increasing cost of doing business, tax issues, lack of skilled manpower, weak marketing strategies, an absence of upgradation and apathy towards latest international trends.
Trending
- Indian PM’s decision to call AJ&K a part of India is a violation of UN resolutions: Javed Badhanvi
- Significance of Qatar Emir’s crucial Bangladesh visit
- Dr. Yunus’ Dark Side and Social Media Users
- Terrorizing the CPEC: Analyzing a Comprehensive Security Framework for CPEC
- Flood in Gwadar
- In Pursuit of Morels: A Childhood Adventure
- FBL Unveils Strong Financial Results for the Q1’24
- High-profile UK delegation explores collaborative opportunities at NUST