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Garment and footwear growth compensate for finished leather fall in Pakistan

28/04/2020
Pakistan’s leather industry recorded growth of 3.1% in export revenues in the first nine months of the current financial year (July 2019 to March 2020) with the total reaching $656.7 million.

Leather garment exports contributed $401 million towards the total, showing growth of 11.8% compared to the same period a year earlier. There was growth, too, in exports of leather foot-wear, which reached $104.3 million, up by 15%. Footwear companies also exported greater volume, 12.7 million pairs, an increase of 40%.

This compensated for a decline of almost 20% in revenues from exports of finished leather, which fell to $151.3 million.

Commentators warned that the performance of the leather sector as a whole was being seriously affected by the covid-19 crisis in the final quarter of the current fiscal year, when temporary clo-sures were enforced on most manufacturing companies. 
More recently, factories were allowed to reopen in two of Pakistan’s four provinces, Punjab and Sindh.

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