Pakistan Leather garments exports fetch $234 million dollars in seven months

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Source: http://www.brecorder.com/pakistan/b...orts-fetch-$-234-million-in-seven-months.html

Friday, 22 March 2013 01:13
Posted by Imaduddin

ISLAMABAD: Exports of leather garments has reached US$ 234 million in first seven months of current fiscal year as US$ 221.5 million during the corresponding period last year, showing 5.6 % increase in revenue.
The leather garments exports in 2011-12 came down to US $ 341.0 million as decline for the year as compared to 2010-11 was 15.65% in terms of value and 13% in terms of quantity.



A data released by Federal Bureau of Statistics (FBS) on Thursday said exports of leather garments during 2008-09 were US$ 392.5 million which increased to US$ 404.3 million in 2010-11, showing an increase of 3.0%.


The reasons for decline in export of leather garments were rising cost of production, little availability of leather and its high prices, law & order situation in Karachi in particular and Pakistan in general and energy crises.


The authorities also took steps in consultation with major players of leather sector to enhance the export of leather garments which included release of Rs 881.917 million from 1992-93 to March 5, 2013 for the leather sector from Export Development Fund.


Moreover, in order to improve supply chain of leather sector exports, 25% financial cost for setting up of design centers and labs has been provided by the Ministry of Commerce.


Installation of flaying machines in slaughter houses at district level, request of Sialkot Chamber of Industry for provision of common effluent treatment plant for its leather industry has been agreed to and is currently under process.


During fiscal year 2011-12, Trade Development Authority of Pakistan (TDAP) organized Pakistan's participation in nine trade fairs and exhibitions of leather garments and its accessories.


Two fairs were allocated to Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) in year 2011-2012 and in 2012-13 as well. In these events, 50% subsidy was provided to the trade bodies towards space rent and construction of stalls.

 

[alimohsan52]

Pakistan Textile exports increase by 6.55% percent to $8.483 billion in 8 months

http://www.brecorder.com/pakistan/b...increase-by-655pc-to-$8483bn-in-8-months.html

Friday, 22 March 2013 00:52
Posted by Imaduddin

ISLAMABAD: Textile exports from the country grew by 6.55 per cent during the first eight months of current fiscal year (2012-13) as against the same period of last year.

The overall textile exports were recorded at US$8.483 billion during July- February (2012-13) against US$7.962 billion during July-February (2011-12), according to data released by Pakistan Bureau of Statistics (PBS) here Thursday.


The main contributor to positive growth of the textile exports was cotton yarn, whose export surged by 31.27 per cent.


Other textile commodities that witnessed positive growth included cotton cloth with 11.77 per cent increase and yarn (other than cotton yarn) with 5.08 per cent increase and knitwear by 2.29 per cent.


During the period under review, the export of towels increased by 15.56 per cent, tents, canvas and tarpaulin by 34.22 per cent, readymade garments by 8.76 per cent, madeup articles (excluding towels and bedwear) by 6.04 per cent and other textile materials by 47.41 per cent.


The textile commodities that witnessed negative growth during the period under review included raw cotton, whose exports shrunk by 63.30 per cent and cotton carded or combed by 83.47 per cent, bedear by 2.88 per cent, and synthetic textile by 27.60 per cent.


Meanwhile, the textile exports during February 2013 witnessed negative growth of 6.83 per cent and 4.13 per cent when compared to the exports of January 2013 and February 2012 respectively.


It is pertinent to mention here that the country's trade deficit decreased by 10.06 per cent during the first eight months of the current fiscal year as exports expanded by 5 per cent and imports witnessed negative growth of 2.41 per cent.


The overall exports from the country increased from $15.128 billion in July-February to US$15.884 billion during July-February (2012-13), according to the PBS data.


On the other hand, the imports decreased from $29.788 billion last year to $29.069 billion during the current fiscal year, showing negative growth of 2.41 per cent, the data revealed.


According to the data, the trade deficit during the fist eight months of current fiscal stood at $13.185 billion against $14.660 billion last year, showing negative growth of 10.06 per cent.


Copyright APP (Associated Press of Pakistan), 2013

 

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