According to the annual report for the financial year ended June 2004, recently released by the State Bank of Pakistan, the country’s leather products industry has improved dramatically.

On a year-on-year basis the industry grew an impressive 31.7% compared with 2003 – when a fall of 2.5% was recorded against 2002. The change of fortunes in the leather products industry has been attributed to an increase in exports, which rose 7.2% to reach $744.1 million.

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