Pakistan : Downward trend of leather exports in first six months

During first half this fiscal, declining trend has been witnessed in exports of leather goods.

According to figures released by Federal Bureau of Statistics (FBS), a decline of 30 percent has been seen in leather exports during July-December 2006.

During this period, exports of leather manufacturers stood at US $261.734 million over $378.748 million in same period last year.

During July-December 2006, exports of leather footwear achieved $49.150 million over $59.430 million during corresponding period of previous year, a decline of 18 percent.

While, leather garment exports stood at $188.245 million compared to $268.843 millions over corresponding period 2005, a decline of 29.98 percent.

Similarly, exports of leather gloves reached $57.287 million compared to $71.681 million during the same period of last fiscal year.

In December 2006, country exported leather goods worth $40.419 million as compared to $66.141 million in the same month of last year.

Even Customs Rebate of 5.17 percent given by the Government has been cut down to 3.22 percent during fiscal year 2005-2006.