Home / Knowledge / News / Leather sector unhappy with Budget 2011-12
Leather sector unhappy with Budget 2011-12
Jun '11
According to a statement released by the Pakistan Tanners Association (PTA), the country's export-oriented leather industry is unhappy and has voiced its discontent over the Federal Budget 2011-12 recently announced by the Finance Minister.

Mr. Aziz Ahmed, Chairman of the PTA, said that no relief measures have been provided to the leather sector, the second largest foreign exchange generating sector of the country. This is in spite of the fact that the sector is facing issues like recurrent power cuts, inadequate supply of gas, and illegal imports of livestock.

“Leather industry and traders are discontented over absence of any provision for incentives for the sector in the budget to help them attract more investments and to boost sector's development and exports,” Mr. Aziz said.

He forewarned that if the Government fails to abolish the 17 percent sales tax imposed on plant and machinery on March 16, it would badly hit the export-oriented industry and may even stagnate the investments.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search