PTA aims to stop decline of tanned leather exports - leatherbiz: Leadi Leatherbiz

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PTA aims to stop decline of tanned leather exports

26/06/2006

As a result of falling leather exports the Pakistan Tanners’ Association’s (PTA) chairman Khawaja Yousuf has called for assistance for the industry. He said that this decline in exports is a reflection of rising production costs in recent years due to increases in chrome tanning salt,  a substantial rise in utility charges and an unprecedented hike in petroleum and gas prices in addition to increases in workers’ wages.

Mr Yousef appealed to the Ministry of Commerce and the Central Board of Revenue (CBR) to offer some relief in the trade policy, which is scheduled to be made public next month. The government has introduced some incentives in the forthcoming budget but is yet to announce details of these policies including the waiving of sales tax on imports of machinery for the leather sector.

Finished leather exports from Pakistan fell by 0.42% in April to $19.71 million compared with $19.79 million in March and 17.96% compared with the $24 million reported in April 2005. For the period July to April, finished leather exports decreased by 11.2% compared with the same period a year earlier.



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