Pakistan’s footwear exports witnessed an increase of 21.16 pc during the first ten months of financial year (2021-22) as compared with the exports of the corresponding period of last year.
“Since 2018, the output value of Pakistan’s footwear industry has developed rapidly and the export momentum keeps going. To seize this golden opportunity, more investment is required to flow into shoe factories to increase capacity and contribute to the country’s exports,” said Pakistan Footwear Manufacturers Association (PFMA) Chairman Zahid Hussain.
Pakistan exported footwear worth US $130 million during July-April (2021-22) against the exports of $107 million during July-April (2020-21), showing a growth of 21.16 percent, according to Pakistan Bureau of Statistics (PBS). The chairman underlined that imports of shoes had dropped by an average of 16.2 million pairs per annum over the past three years, and that the decline had been covered by an increase in domestic production.
“Existing companies are improving the operation capacity, and new companies are pouring into the footwear industry, creating a bright future for the industry. Pakistan’s footwear industry is in a position to expand its exports to $1 billion by 2027,” he introduced. However, challenges still remain. The availability of many materials, including quali ty moulds for sole,—INP
