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Pakistan Economy Watch demands promotion of local leather industry

As immense quantities of raw leather is available in Pakistan. There exists a huge scope for the country to become a leading exporter of leather products. Consequently the Pakistan Economy Watch (PEW) has demanded the government develop and promote local leather industry to ensure growth of the economy.

Policymakers have been urged for additional relaxations in the tax system so that Pakistan leather industry could regain its prime position in international markets. PEW President Dr Murtaza Mughal noted the availability of infrastructure facilities for ease of doing business such as skilled labour, power supply at an affordable rate and lower production cost among others. Further the development of local leather industry will enhance the scope of employment. He says Pakistani leather is the best in the world outside Italy but countries like India and Bangladesh are grabbing their share because of active support from their governments. Potential of the leather sector can be doubled in few years to become the second largest export earner after textiles.