JULY - AUG 2020

Leather Industry
Pakistan leather revenues fall by over 8.86 percent
in the last financial year 2019-20
months in a year-ago period. It
translates that tanned leather exports
fell by 22 per cent in terms of value in
the dollar and 27 per cent in terms of
quantity respectively during this export
period.
Pakistan leather industry export
proceeds contracted during the last
fiscal year 2019 – 20 (July – June) by
8.86 per cent to US$ 784.03 million
from US$ 860.32 million, earned in the
corresponding period of July - June
2018-19. Pakistan leather industry
attributed the fall in exports to decline
in trading of finished leather and
products due to COVID -19.
According to the Federal Bureau of
Statistics, tanners have earned
US$184.102 million on export of
16.635 million sqm finished leather
between July 2019 and June 2020 as
compared to US$252.24 million on
21.333 million sqm in similar twelve
Similarly, leather manufacturing,
including export of garments and
leather gloves decreased to
US$473.98 million from US$485.64
million of last fiscal year. This fall in
trading represents a decline of 2.40
per cent on YoY basis.
However, on positive development,
the footwear exports saw a little
growth of 2.86 per cent in terms of
value between July and June 2019-20.
During this period, footwear export
reached US$125.93 million by
exporting of 13.93 million pairs as
against US$ 122.43 million for 13.16
million pairs, shipped in same twelve
months of the previous fiscal year. The
leather footwear accounts for over 90
per cent in footwear exports.
Hugo Boss places sportswear
order to Sialkot-based firm
Luxury brand Hugo Boss - a fashion
giant - had placed its first sportswear
order to Sialkot based leading firm,
Hugo Boss North Zone Pakistan
Readymade Garments Manufacturers
and Exporters Association (PRGMEA)
Chairman Sohail A Sheikh revealed.
Talking to media recently, he said it was
a result of the hectic efforts of the
PRGMEA team especially the chief
coordinator Ijaz A Khokhar. Sohail
added that it is the beginning and
Pakistan will get more orders in a short
span of time.
The PRGMEA North Zone chairman
said keeping in view the gravity of
current situation, we are making
strenuous efforts for exploring
traditional and non-traditional markets
aimed at fetching maximum business
and strengthening the national
economy.
Company Profile
Pakistan’s Sialkot based sportswear
exporter - Rajco Industries has received
an order from Hugo Boss to make t-
shirts for the German national soccer
team. According to Ijaz Ahmed Bhatti
Chief Executive Officer of Company, we
have received the order for the supply of
sport shirts for their [German] football
team and shipment would be made by
August. However, he did not share
details with media about the production
value or volume of the order.
It may be mentioned here that the deal
with Hugo Boss is the result of efforts by
the Pakistan Readymade Garments
Manufacturers and Exporters
Association (PRGMEA), as the
association hosted the International
Apparel Federation’s (IAF) 35th World
Fashion Convention in Lahore last year,
in collaboration with Dutch industry
association Modint. Hugo Boss officials
attended the event as chief guests.
Rajco Industries in one of the leading
sportswear Manufacturing/Exporting
Company Since 1935 across the globe.
It Has Been Serving the sports world
and renowned brand s from decades,
Functioning with its third generation,
who is utilizing the best of their abilities
and contributing into the stream of
innovation and rapidly advancing
sportswear world with the blend of
modern qualifications, experience,
Observation and exposure to the
happenings in the global picture.
The factory comprises of more than
four hundred thousand square feet. It
enjoys complete control processes by
the installation of advanced machinery
imported from German, UK and
America. It possesses a highly-skilled
squad of 2800 employees with superb
Professionalism and strongest
t e c h n o l o g i c a l a p p r o a c h .
TRADE CHRONICLE - July .~ Aug. 2020 - Page # 17