Profits reduce as cost of production goes overboard
15 Mar '08
2 min read
According to industrialists, textile exports are required to grow by an average of 18 percent against the last year in order to achieve the target.
However, so far the growth remained below five percent, which indicates that the industry may not meet the target at the end of this year.
The Government has no doubt set aside an export target of US $12.216 billion for the current financial year, but the industry which is already falling way too behind the margins, is unlikely to achieve this target.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
