Trade Chronicle Nov - Dec - 2020 issue

TRADE CHRONICLE
Chairman FBR assures to resolve concerns
of leather exporters
Pakistan’s leather industry
exports recorded mixed
export trend in 4MFY20
Pakistan leather industry export
proceeds during the first four months
of July – October for the fiscal year
2020 – 21, reduced by 6.81 per cent to
US$ 277.063 million from US$ 297.328
million, earned in the corresponding
period of last fiscal year July –Oct 2019-
20, says data released by the Federal
Bureau of Statistics (FBR).
Danish Khan, Dr. Muhammad Ashfaq
Ahmed, Syed Muhammad Tariq Hooda,
Fawad Ejaz Khan, S. Irfan Iqbal, Atif
Ashraf, Chaudhry Ahmad Zulfiqar
Hayat. Amanullah Aftab and Rashid
Zahoor’s group photo on the occasion
of meeting with Chairman FBR Javed
Ghani.
PLGMEA discussed issues to Minister of State
for Climate Change
The breakdown of data shows that
tanners have earned US$43.608 million
on the export of 3.163 million sqm of
finished leather between July – Oct
2020-21 as compared to US$ 70.759
million on 6.040 million sqm in similar
four months in a year-ago period. The
export figure translates that tanned
leather exports fell by 47.63 per cent in
terms of quantity in the dollar and 38.37
per cent in terms of dollars respectively
during this export period.
However, the export of leather
manufacturing, including the export
of garments and leather gloves, saw
growth and increased to US$ 190.856
million from US$181.338 million during
this period. This export represents a
rise of 5.25 per cent on YoY basis.
A group of PLGMEA Chairman Danish
Khan, Joint Secretary Environment
Suleiman Khan, Fawad Ijaz Khan, Irfan
Iqbal, Atif Ashraf and Chaudhry Ahmad
Bangladesh leather exports fall
in 5MFY20-21
Bangladesh leather industry during
the first five months of the financial
year 2020-21 (July – Nov) has earned
export revenue of US $358.57 million
as compared to US$ 391.09 million
earned in the same months of the
previous year. It translates a singledigit
fall of 8.32 per cent on YoY basis,
says the Bangladesh Export Promotion
Bureau (EPB).
The break down shows that Bangladesh
bagged US$ 43.86 million on exports
Zulfiqar Hayat took part in a meeting
with Minister of State for Climate
Change Zartaj Gul in Islamabad.
of finished leather compared
to US$ 56.29 million in July –
Nov 2019. It offers a contract
of 22.08 per cent. The leather footwear
exports also decreased by 1.44 per
Nevertheless, the footwear exports
recorded a fall of 5.82 per cent in terms
of value between July and October
2020-21. During this period, footwear
export reached US$42.599 million
by exporting of 4.999 million pairs as
against US$45.231 million for 5.002
million pairs, shipped in the same four
months of the previous fiscal year. The
quantity slightly dips by 0.06 per cent
during this exporting period.
cent to the US $ 226.84 million from
US$ 230.16 during this export period.
The exports of leather products have
also contracted to US$ 87.87 million
from the US $ 104.63 million of same
four months last year. It translates a
decline of 16.02 per cent on YoY basis.
The Bangladesh Export Promotion
Bureau (EPB) had set an export target
for leather industry at the US $920
million for the financial year 2020-
21 (July – June) compared to the US
$797.6 million earned in the previous
fiscal year.
TRADE CHRONICLE - Nov - Dec - 2020 - Page # 16