Home / Knowledge / News / Textiles / Euro depreciation might adversely affect export sector
Euro depreciation might adversely affect export sector
14
Jun '10
The depreciation of Euro has blown an air of concern in the Pakistan export sector, as it is likely to affect the Pakistani export proceeds earned from the European market. Around 27 percent of Pakistani exports are shipped to European Union (EU), which is the most highly priced and lucrative market for Pakistani export goods.

Current debt crisis in EU has caused constant depreciation of Euro against US dollar, as it has weakened by 16.3 percent, and against Pakistan rupees it has weakened by 14.2 percent. The impact of such depreciation in Euro will defer according to the companies and sectors depending on their export revenue, observed analysts.

However, Bilal Qamar, an analyst at JS Research, stated that, since some exporters have set their pricing in US dollar even for exports to Europe; the effect of declining Euro might reduce.

The exporters said that, it varies from company to company, as the export revenues of some companies are denominated in Euro and a number of other companies use US dollar as their primary foreign transaction currency.

This Euro depreciation can prove advantageous for companies having Euro denominated loans.

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X