Pak Leather Crafts Limited

Climate Impact & Sustainability Data (2019, 2023-07 to 2024-06)

Minimizes waste generation, air emissions and other discharges from production activities to the environment

Committed to providing services that consistently offer value in terms of price and quality, and satisfy customer needs and expectations
Is an equal opportunity employer. Its employee recruitment and promotional policies are free of any gender bias, and are merit and excellence oriented.
Committed to run its business in an environment that is sound and sustainable.
Recognizes its social responsibilities, and will endeavor to contribute to community activities for the betterment of the society as a whole.

Conduct business with honesty and integrity, and be ethical in all its dealings, showing respect for the interest of those with whom it has relationships.
Complies with all laws and regulations.
Ensuring reliability and credibility in its financial reporting and in transparency of business transactions.

Strong succession planning and HR policies, workplace environment, training, development and satisfaction survey
Well versed directors having buying experience along with a diversified supplier base and large volumes
Continuously invests considerable amounts in chineries under its BMR Schemes
All property and assets are insured through reputable insurance company

All chemicals are REACH certified; leathers are tested and certified to be free of chrome 6, AZO dyes, and other banned substances.
Fully cooperative with Effluent Treatment Plant requirements.
Continuous improvement in environmental sustainability through recycling and resource conservation.

Generous contributions to social and charitable causes, including health and education.
Unit made available for student visits from National Institute of Leather Technology.
Internship program for graduating students.

Compliance with the Listed Companies (Code of Corporate Governance) Regulations, 2019 (with some exceptions noted in the report).

Declining exports due to global economic recession and decreased demand.
Double-digit inflation, high interest rates, and increased energy costs impacting competitiveness.
Continuous losses due to unviable operations in a large factory building.

Efforts to secure local orders for leather processing job work.
Out-of-court settlement with Albaraka Bank, resulting in a waiver of financial liabilities of Rs. 13.985 million.
Strategic decision for business revival through diversification, disposal of assets, and leasing of manufacturing facilities.