FPCCI for raising forest cover up to 25% to boost furniture sector.
ISLAMABAD -- President Federation of Pakistan Chamber of Commerce and Industry, Irfan Iqbal Sheikh Sunday urged the government and private sector to join hands for raising Pakistan's forest cover from 5% to 25% to meet the ever growing needs of furniture industry in the country.
Talking to Mian Kashif Ashfaq, CEO Pakistan Furniture Council (PFC) in Lahore, Irfan Iqbal Sheikh said currently, furniture and local industries were experiencing serious supply shocks which were not only impeding their further growth but also adversely affecting their
international competitiveness.
As the global economy is expected to be more challenging this year in wake of Covid 19, he urged the furniture industry to remain resilient by innovating, adopting technology as well as diversifying export markets in order to sustain demand in the long run. 'We have to overcome challenges to strengthen our market share; we must continue to produce innovative and market-oriented products to meet challenging times,' he added.
Irfan Iqbal Sheikh said in the absence of enough supplies of wood, cheaper furniture made of fancy and laminated sheets of chipboard had flooded the local market. He said wooden furniture like that of shishum wood, was quite expensive that is why Shishum's furniture was made for selected buyers only.
Mian Kashif informed the FPCCI Chief Pakistan needs mass tree plantation at plain, hilly and other barren areas with the active...
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