HAROON INTERNATIONAL (PVT) Ltd. EXPORTS
Leather Garments
Pakistan is the leading producers and exporter of leather and leather products of various types During the last 20 years the industry has flourished by using trained and skilled operations The improvements are being made in the quality of material and the production is being continuously updated to meet the changing demands in the world market
The percentage share of leather in total export was 8 1% in 1998-99 The industry has a potential to increase exports to 1 billion dollars in a span of ten years by promotion of leather footwear The propaganda of use of child labour is now adversely effecting this industry
Home Textile
Textile could be termed as the backbone of Pakistan s economy it is not only the largest industry in the country but it is the greatest source of foreign exchange earnings in Pakistan it provides employment to 38 percent of overall labour force of the country and accounts for 27 percent of value addition in the manufacturing sector The Textile sector critically depends on the supply of raw material from agriculture sector
and therefore whatever happens to cotton crop is likely to affect the performance of textile sector The size of the cotton crop is not only higher 10 7 million bales but it exceeded the current year s target 9 7 million bales The low market prices prevalent throughout last year have created environment which is conducive for reinvestment in BMR of the existing units and expansion of the capacity
The inflow of foreign direct investment FDI almost doubled from $2 1 million in July-March 1999-2000 to $4 0 million in July-March 2000-01 The government has announced a Cotton Policy last year and textile vision 2005 to ensure the availability of cotton in the future and promotion of textile as an important industry The profile of various components of the textile industry are given below Performance of Ancillary Textile Industry Cotton Spinning Sector Weaving & Made-ups Sector Filament Yarn Manufacturing industry Art Silk and Synthetic Weaving Industry
Rice
Rice is the second largest staple food crop in Pakistan and is also a major export item It accounts for 6 6 percent in value added in agriculture and 1 6 percent in GDP Production of rice during 2000-01 is provisionally estimated at 4803 thousand tonnes which is 6 8 percent lower than last year
The decline in rice production is mainly but the attack of insects pests diseases on the crop during the year are also responsible It was cultivated on an area of 2377 thousand hectares which was 5 5 percent lower than last year The yield per hectare is also lower by 1 4 percent Area production and yield of rice for the last five years
