Pakistan plans investment in leather

11/07/2008


Pakistan's government has pledged $65 billion in investment for the manufacturing sector by 2013. The programme will include the leather sector, and private funding from local and overseas investors will be part of it, alongside governemtn money.

The overall aim is to 
increase manufacturing growth and exports.

In total, the plan includes between $3 billion and $6 billion for the leather sector.

Manufacturing in Pakistan grew by 5.4% during the financial year just ended, but had a target of 10.9% growth. The country now has a trade deficit of $20.7 billion.