AIRLINK 152.12 Decreased By ▼ -8.16 (-5.09%)
BOP 9.12 Decreased By ▼ -0.36 (-3.8%)
CNERGY 7.09 Decreased By ▼ -0.72 (-9.22%)
CPHL 82.29 Decreased By ▼ -3.82 (-4.44%)
FCCL 42.81 Decreased By ▼ -0.92 (-2.1%)
FFL 14.21 Decreased By ▼ -0.75 (-5.01%)
FLYNG 28.59 Decreased By ▼ -0.10 (-0.35%)
HUBC 131.94 Decreased By ▼ -5.18 (-3.78%)
HUMNL 12.23 Decreased By ▼ -0.22 (-1.77%)
KEL 4.00 Decreased By ▼ -0.11 (-2.68%)
KOSM 4.91 Decreased By ▼ -0.33 (-6.3%)
MLCF 67.05 Decreased By ▼ -1.87 (-2.71%)
OGDC 200.38 Decreased By ▼ -7.43 (-3.58%)
PACE 4.99 Decreased By ▼ -0.17 (-3.29%)
PAEL 41.50 Decreased By ▼ -1.70 (-3.94%)
PIAHCLA 16.22 Decreased By ▼ -0.56 (-3.34%)
PIBTL 8.42 Decreased By ▼ -0.50 (-5.61%)
POWER 13.05 Decreased By ▼ -0.43 (-3.19%)
PPL 148.60 Decreased By ▼ -8.50 (-5.41%)
PRL 27.71 Decreased By ▼ -0.88 (-3.08%)
PTC 19.46 Decreased By ▼ -1.12 (-5.44%)
SEARL 81.97 Decreased By ▼ -2.62 (-3.1%)
SSGC 37.27 Decreased By ▼ -2.06 (-5.24%)
SYM 14.38 Decreased By ▼ -0.80 (-5.27%)
TELE 6.82 Decreased By ▼ -0.21 (-2.99%)
TPLP 8.14 Decreased By ▼ -0.68 (-7.71%)
TRG 63.13 Decreased By ▼ -0.71 (-1.11%)
WAVESAPP 8.04 Decreased By ▼ -0.83 (-9.36%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
YOUW 3.35 Decreased By ▼ -0.19 (-5.37%)
AIRLINK 152.12 Decreased By ▼ -8.16 (-5.09%)
BOP 9.12 Decreased By ▼ -0.36 (-3.8%)
CNERGY 7.09 Decreased By ▼ -0.72 (-9.22%)
CPHL 82.29 Decreased By ▼ -3.82 (-4.44%)
FCCL 42.81 Decreased By ▼ -0.92 (-2.1%)
FFL 14.21 Decreased By ▼ -0.75 (-5.01%)
FLYNG 28.59 Decreased By ▼ -0.10 (-0.35%)
HUBC 131.94 Decreased By ▼ -5.18 (-3.78%)
HUMNL 12.23 Decreased By ▼ -0.22 (-1.77%)
KEL 4.00 Decreased By ▼ -0.11 (-2.68%)
KOSM 4.91 Decreased By ▼ -0.33 (-6.3%)
MLCF 67.05 Decreased By ▼ -1.87 (-2.71%)
OGDC 200.38 Decreased By ▼ -7.43 (-3.58%)
PACE 4.99 Decreased By ▼ -0.17 (-3.29%)
PAEL 41.50 Decreased By ▼ -1.70 (-3.94%)
PIAHCLA 16.22 Decreased By ▼ -0.56 (-3.34%)
PIBTL 8.42 Decreased By ▼ -0.50 (-5.61%)
POWER 13.05 Decreased By ▼ -0.43 (-3.19%)
PPL 148.60 Decreased By ▼ -8.50 (-5.41%)
PRL 27.71 Decreased By ▼ -0.88 (-3.08%)
PTC 19.46 Decreased By ▼ -1.12 (-5.44%)
SEARL 81.97 Decreased By ▼ -2.62 (-3.1%)
SSGC 37.27 Decreased By ▼ -2.06 (-5.24%)
SYM 14.38 Decreased By ▼ -0.80 (-5.27%)
TELE 6.82 Decreased By ▼ -0.21 (-2.99%)
TPLP 8.14 Decreased By ▼ -0.68 (-7.71%)
TRG 63.13 Decreased By ▼ -0.71 (-1.11%)
WAVESAPP 8.04 Decreased By ▼ -0.83 (-9.36%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
YOUW 3.35 Decreased By ▼ -0.19 (-5.37%)
BR100 11,776 Decreased By -377.8 (-3.11%)
BR30 34,410 Decreased By -1457.9 (-4.06%)
KSE100 111,327 Decreased By -3545.6 (-3.09%)
KSE30 33,993 Decreased By -1274 (-3.61%)

Chairman Pakistan Tanners Association's (PTA) standing committee on gas and infrastructure, Usman Umer, has urged the government to exempt exporters, particularly those belonging to leather industry, from the Gas Infrastructure Development Cess (GIDC). In an SOS to the government, he said that the country's leather sector exports were on the decline and a situation has been persisting where Indian competitors could further snatch Pakistan's leather and leather goods market share.
Accusing the government of pursuing anti-industry policies, he said that present government, instead of offering incentives to the ailing industry was, unnecessarily over-burdening it by levying `unjust' and `uncalled for' GIDC. Drawing government's attention towards stagnation of exports in leather sector, Usman said that leather export have declined by more than 14 per cent during the last five years from $1.22 billion in fiscal year 2007-08 to $1 billion in 2012-13, mainly due to energy crisis and gas shortages.
He said that since leather processing was continuous process industry, power breakdowns not only causes serious damage to the under process leather, but also have adverse effects on its quality. He said that India was capturing Pakistan's share of leather exports as its exports in May, 2014, picked up by 14 per cent. He said that India due to availability cheap gas, electricity, duty and taxes rebates has doubled its leather exports to over $28 billion in just few years. He said that the leather industry due to recent appreciation of Pak rupee was now finding it difficult to compete in the global market.

Copyright Business Recorder, 2014

Comments

Comments are closed.