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Thursday, September 29, 2022

Pakistan’s furniture exports increased by 80% last 1 year, to reach $5 Billion by 2027

Pakistan’s furniture exports from the country increased by an astounding 80.3 percent in the first month of the current fiscal year compared to the same period last year.

President of the Pakistan Furniture Importers and Exporters Association Lahore chapter said that the volume of furniture exports has now reached Rs 179 million, up from Rs 99 million in the same period last year.

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It is claimed that the furniture business had a great deal of potential to dominate global markets with creative designs, and that it could contribute greatly to exports.

A package of incentives and facilitation was urgently needed to promote exports even more. If government provided full assistance, furniture exports may reach $5 billion in the next five years.

The furniture industry will continue to grow and prosper in the future. The business sector had high hopes for the government’s unwavering commitment to giving all facilities to businessmen in order to increase export volume.

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The Pakistani furniture sector is currently actively exploring broader international markets, with some companies migrating to e-Commerce to target larger markets. e-Commerce is helping the entire world expand its business and exports.

Information exchange via e-Commerce has also emerged as a critical tool for increasing international and domestic trade. Our handcrafted furniture, on the other hand, vividly shows Pakistan’s rich culture and century-old expertise.

33% increase in exports recorded in last 9 months of PTI Government

PFC also hosted a series of online meetings with other multinational companies, where they shared their professional skills in order to improve the quality of their products to international standards and increase the rate of trade in the field.

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