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Handicraft export drops 78% in first half current fiscal

22
Jan '07
As per a report from Federal Bureau of Statistics, handicraft exports dropped 78 percent in first half of the current financial year. Pakistani handicrafts are losing share in global markets.

Government has neglected handicraft sector by delaying incentives and subsidies, thus annoying manufacturers. High production costs, shortage of power supply and deficiency of skilled artisans are other factors responsible for decline according to manufacturers and exporters.

Export of handicrafts between July and December 2005-2006 stood at Rs334 million, which has been reduced to Rs74 million in first half of this fiscal.

During December 2005, handicrafts worth Rs52 million were exported whereas no exports were made in same month 2006, which has put the future of local handicrafts at risk.

World markets are flooded with artificial machine-made handicrafts instead of handmade ones. Far East markets have been conquered by cheap Chinese goods, while Italy is dominating European markets owing to lesser prices.

Carpets, wooden items, embroidery and footwear are exported by the country to US, Europe, Middle East and Far East countries.


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