An agreement has been inked by Chinese and Pakistani commercial firms to launch a collaborative project with the goal of advancing Pakistan’s leather sector.
The help of the SIFC has made this arrangement possible.
Decades of slow deterioration have been witnessed by the leather sector, which was formerly regarded as the second largest behind textiles.
The sector, in which the leather industry may play a significant role, is one of the SIFC’s priority sectors. With 4 billion square feet of leather produced annually, China is the world leader in leather exports.
The demand for leather goods created in Pakistan, such as belts, handbags, purses, and suits, is high worldwide, but production of these goods has not received enough attention.
Pakistan’s leather sector will grow as a result of cooperation with China, opening doors for the promotion of Pakistani leather goods.
The collaborative ventures with China have opened up new commercial prospects and improved those already in place for established companies.
