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Leather industry loses raw materials as floods kill 25% livestock
09 Aug '10
1 min read
Pakistan Tanners Association (PTA) recently stated that, loss of livestock would cause the leather industry suffer a 30 percent shortfall of raw materials.
Meanwhile, 25 raw leather supplies from North Waziristan and Swat areas have already destroyed the basic material of the industry.
PTA Chairman, Agha Saiddain, while elaborating on this stated that, recent floods in the country have killed around 25 percent of the livestock in Punjab and Sindh, owing to which country's leather industry will have to bear a 35 percent shortfall in the supply of basic materials.
Currently, there is dearth of food and shelter for millions of animals, besides; the natural grazing fields are also submerged in floodwaters, added Saiddain.
He further stated that, the industry was already bearing a 150 percent rise in the cost of doing business as compared to 2009-10. More so, on basis of the current situation, this cost is likely to hike further by 20 percent.
Saiddain also stated that, the leather industry per say, is now confronting a 17 percent fall in exports and in times to come, exports will further decline by 25.
Meanwhile, 25 raw leather supplies from North Waziristan and Swat areas have already destroyed the basic material of the industry.
PTA Chairman, Agha Saiddain, while elaborating on this stated that, recent floods in the country have killed around 25 percent of the livestock in Punjab and Sindh, owing to which country's leather industry will have to bear a 35 percent shortfall in the supply of basic materials.
Currently, there is dearth of food and shelter for millions of animals, besides; the natural grazing fields are also submerged in floodwaters, added Saiddain.
He further stated that, the industry was already bearing a 150 percent rise in the cost of doing business as compared to 2009-10. More so, on basis of the current situation, this cost is likely to hike further by 20 percent.
Saiddain also stated that, the leather industry per say, is now confronting a 17 percent fall in exports and in times to come, exports will further decline by 25.
Fibre2Fashion News Desk - India
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