Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Govt urged to release funds for leather sector’s uplift
02-11-2012, 12:39 PM
Post: #1
Govt urged to release funds for leather sector’s uplift
Govt urged to release funds for leather sector’s uplift


KARACHI: The government should release Rs 200 million funds for National Institute of Leather Technology (NILT) to run its affairs besides to extend support for the Combined Effluent Treatment Plant (CEPT), an exclusive project for water treatment in Korangi, Karachi.

Pakistan Tanners’ Association (PTA) said financial stringencies were discussed during a meeting with Trade Development Authority of Pakistan (TDAP). TDAP Chief Executive Tariq Puri assured to take up these matters with the Ministry of Commerce besides to get necessary funds from the ministry concerned for CETP project.

The leather industry is presently in a deep financial turmoil, resultantly all the educational activities in NILT are suffering to a severe extent, for which proposal for the grant of Rs 200 million is pending for the approval to be made in Export Development Board (EDF), which is awaited.

PTA Chairman S M Naseem said, “We are making efforts for the promotion of country’s exports under the prevailing business climate domestically and internationally.”

PTA is organising the biggest ‘National Pavilion’ in financial collaboration with the TDAP in Materials, Manufacturing and Technology (MM&T) Section of Asia Pacific Leather Fair being held from March 28-30, 2012 in Hong Kong. MM&T is the annual, premier event of the global leather industry. It includes participation from southern China and increasingly from the fast growing economies of India and south Asia. The trade fair covers everything from raw hides, semi and finished leathers, tanning machinery, chemicals and dyes.

The most profound change has been the integration of leather into the wider fashion industry. Today, MM&T carries comprehensive details of forthcoming seasonal colours, finishes and designs. The government should extend support to the second biggest export oriented value-added industry, said former PTA chairman Agha Saiddain.

The government earlier refused to provide funds for the purpose of running the NILT at Korangi. The government should provide funds to the leather sector as it provides textile industry to improve and enhance the output capacity of the industrial units across the country.

A draft of Technology Upgradation Fund (TUF) has been sent to the State Bank of Pakistan (SBP) for circulation for upgradation of existing small and large textile units in the country. Such initiatives should also be provided to PTA members in order to take maximum benefits from the World Trade Organisation trade concession from European Union by increasing domestic production and increasing the exports. EDF, headed by the commerce minister should take notice of the situation. The government had agreed to provide Rs 4 million to run NILT, in order to train and develop human resource to bolster the dwindling leather sector owing to high production cost and rising competition with China, Turkey and South Korea, he added. PTA assured to extend all maximum cooperation to make the participation of PTA’s members a real success and try to cut the three-year participation condition.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Government Initiates Activation of $1.5 Billion Uplift Fund LRE-Azan 0 137 01-09-2024 03:32 PM
Last Post: LRE-Azan
  Funds Approved for Various Development Projects, Including Link Road Interchange in K LRE-Azan 0 180 01-01-2024 02:03 PM
Last Post: LRE-Azan
  SBP & CDC Launched RAAST Payments Facility For Mutual Funds LRE-Azan 0 260 11-02-2023 06:37 PM
Last Post: LRE-Azan
  RAAST Online Funds Transfer Service to be Unavailable on Sunday LRE-Azan 0 329 09-02-2023 02:48 PM
Last Post: LRE-Azan
  Capital Development Authority (CDA) urged to develop G-9 Markaz on priority LRE-Azan 0 612 01-21-2023 12:50 PM
Last Post: LRE-Azan
  Joint Working Group on CPEC’s security urged to meet regularly LRE-Azan 0 1,262 02-06-2022 02:28 PM
Last Post: LRE-Azan
  Prime Minister orders uplift of infrastructure at Murree Salman 0 4,525 03-01-2014 01:23 PM
Last Post: Salman
  CDA chief for speedy completion of parks’ uplift projects Salman 0 4,245 02-25-2014 01:18 PM
Last Post: Salman
  ICCI criticises CDA for not doing uplift work in markets Salman 0 4,078 02-17-2014 01:18 PM
Last Post: Salman
  PC-1 approval revives hopes for early start of uplift work Salman 0 4,379 02-11-2014 12:25 PM
Last Post: Salman
  Rs 15m approved for uplift of public parks in capital Salman 0 4,268 01-16-2014 01:52 PM
Last Post: Salman
  CM Punjab approves uplift projects worth Rs 12bn Salman 0 7,412 11-29-2013 01:15 PM
Last Post: Salman
  PWD uplift projects: National Assembly panel concerned at embezzlement Salman 0 7,283 11-28-2013 12:58 PM
Last Post: Salman
  Sector I-15: CDA shelves uplift plan Salman 0 9,040 11-09-2013 04:29 PM
Last Post: Salman
  Kashmir Highway project: Instead of receiving funds, CDA conducting inquiry Salman 0 7,983 10-31-2013 11:58 AM
Last Post: Salman
  Punjab government approves over Rs 29,753 million uplift schemes Salman 0 7,498 10-30-2013 01:30 PM
Last Post: Salman
  CDGL acquires 4,000 kanals for Ravi bank uplift project Salman 0 7,767 10-25-2013 12:22 AM
Last Post: Salman
  Illegitimate Allocation Of Rs 1 Billion Funds For Progression Of Kachi Abadis Salman 0 7,469 09-04-2013 08:37 PM
Last Post: Salman
  Motorways funds diverted to big bosses areas, PM informed Salman 0 5,898 07-19-2013 12:13 PM
Last Post: Salman
  Housing officials ordered to expedite uplift projects Salman 0 5,003 06-12-2013 02:21 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)