Pakistan Leather and its Impact on Economic Growth of Pakistan

Abstract

The Leather industry has been the 2nd bulwark of Pakistan’s economy after the textile industry. This industry has been playing a momentous role in the national economy its share in term of GDP, Exports, Employment, Foreign Exchange Earnings, Investment, and contribution to the value added industries. In rapidly changing the global economic environment, there is an urgent need to strengthen the competitiveness of leather sector. The leather sector is facing a number of challenges including a low technological base, lack of research and development, lack of trained manpower, low quality standards and concentration in low value added products. This research recommends to make an action plans such as improving the regulatory and policy framework; human resource development through improving the HRD institutions and encouraging the private sector to invest in skill enhancement; promoting research and development through strengthening of the existing institutions and establishing new institutions; technological up-gradation; rewarding value addition; ensuring quality standards; and establishing facility centers.

Acknowledgement

All the praises and gratitude for ALLAH, the Almighty Who helps us in difficulties. ALLAH is entire source of knowledge, guidance and wisdom awarded to mankind. A human being cannot create any thing with out the help of the almighty. I thank Allah for the completion of my thesis report. I express my profound gratitude to my respected teacher Qazi Abdul Subhan for providing me whatever help I needed during my work. I also thank my family that have given me moral support for all time and my parent’s prayers helped me to complete my thesis as well as I also thank all those people who cooperated with me in completion of my thesis report. I hope that my efforts will be duly regarded and appreciated.