Leather’s share of FDI must grow, Pakistan state ban - leatherbiz: Lea Leatherbiz

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Leather’s share of FDI must grow, Pakistan state bank says

01/02/2019
In a new report on the performance of Pakistan’s economy in the first quarter of the current financial year (July-September 2018), the country’s national bank has flagged up the need to encourage a higher level of foreign direct investment (FDI) in export-focused areas of the economy, including leather.

More than 80% of FDI during the three-month period went into sectors whose focus is, predominantly, the domestic market, such as energy, construction, telecommunications and agriculture.

Key export sectors, such as leather and textile manufacturing, received only 1.3% of FDI in the course of the quarter, according to the report from the State Bank of Pakistan. It said greater external investment in these sectors would bring a much-needed boost to exports.


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