As exports of leather and leather goods have already dropped by 10 percent during the current fiscal year it is likely to further decline by 10 per cent during the next quarter, warned Chairman Pakistan Tanners Association (PTA) S.Z. Khurshid Ahmed. He said due to increase in input cost and growing energy shortage and water drought like situation in Tannery Zone, the main hub of export-oriented tanneries exporters are now unable to compete with the international prices of finished leather after value-addition offered by other regional leather manufacturing countries. Exporters fear a massive decline in orders, he added. Khurshid said country’s biggest leather cluster Sector 7-A of Korangi Industrial Area was facing extreme shortage of water due to suspension of water supply from KWSB for the last many years.
