Home / Knowledge / News / Textiles / Exports hit by new monetary policy
Exports hit by new monetary policy
06
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

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Robert Brunner
Devereux

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search