Home / Knowledge / News / Textiles / Exports hit by new monetary policy
Exports hit by new monetary policy
Feb '08
The new monetary policy issued by the State Bank of Pakistan might not be very encouraging for certain sectors of the textile industry.

According to the new monetary policy, interest rates have been pulled up by half percent and further that the cash reserve ratio of the banks are to increase from 7 percent to 8 percent. As a consequence, the markup rate is likely to go up affecting debtors who will end up paying more to the banks.

Exporters in Pakistan were anyways criticizing the high markup rate and the increasing cost of production and to add to this situation, the new policy will make it virtually impossible for the needy to take loan from the banks.

Mr Shabir Ahmed, Chairman, Pakistan Bed wear Exporter's Association expressed concern over the issue stating that the industry had been adversely affected from the decision taken by the State Bank. He informed Fibre2fashion that export of bed wear went down by 8 percent during the period July 2007 to Dec 2007 and the policy adopted recently will only worsen the situation.

Further, stringent and inflexible laws are also keeping buyers away from dealing with Pakistan which is, again, affecting exports.

Pakistan Bed wear Exporter's Association

Must ReadView All

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Apparel/Garments | On 25th Oct 2016

US most sought after market for UK retailers: Global-e

A majority of the retailers in the UK consider US to be their most...

Interviews View All

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search