Pakistan leather exporters “need government help”
14/10/2016
Mr Khan insisted the leather industry will need help from the government if it is to reverse the decline in exports. He said exports of leather garments fell 12.4% to $320 million during the 2015/16 fiscal year.
“This downward trend is also continuing during the current financial year as exports were down 8.5% during July-August 2016/17 as compared to July-August 2015/16,” he added.
He pointed to the high cost of production and the overvaluation of the rupee against foreign currencies as the main reason for the decline.
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