Overseas investment in Pakistani leather industry fa - leatherbiz: Lea Leatherbiz

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Overseas investment in Pakistani leather industry falls by nearly half

22/05/2013
Recent figures from the State Bank of Pakistan show that foreign direct investment (FDI) from overseas investors in enterprises in Pakistan is on the up.

In the first ten months of the current financial year, July 2012-April 2013, FDI for all enterprises in Pakistan increased by 9.8% compared to the same period in the previous financial year to reach almost $1.9 billion.

However, over the same ten-month period, FDI coming into the Pakistani leather industry fell by almost 50% compared to the same period in the previous financial year. Between July 2012 and April 2013, leather-sector companies in Pakistan attracted overseas investment valued at $3.8 million.

Pakistan’s leather industry is the second-largest export earner, after textiles, according to the Pakistan Tanners’ Association, and is attracting a disproportionately small share of overall FDI (0.2%).




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