Home / Knowledge / News / Textiles / Debate on implications of high interest rate regime on Dec 18
Debate on implications of high interest rate regime on Dec 18
13
Dec '10
All Pakistan Textile Mills Association (APTMA) is organizing a national debate on implications of high interest rate regime on industrialization.

The APTMA spokesman said Governor State Bank of Pakistan (SBP) Shahid H. Kardar has graciously agreed to chair the debate with keynote address by Chairman APTMA Gohar Ejaz, followed by expert opinions by leading economists including Sartaj Aziz, former Federal Minister for Finance, Razzak Dawood, former Federal Minister for Commerce and Dr Salman Shah, former Advisor on Finance. The debate would also be shared by the business community representatives including Sultan Ahmad Chawla, President Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Waqar Malik, CEO ICI Pakistan Ltd.

The APTMA spokesman said the industrialization process in the country has come to halt due to non-availability of liquidity, high interest rate and widening banking spread in lending and borrowing rates.

He further added that the textile industry is passing through terrible times due to unprecedented cotton prices in the international market, hitting through the roof since last year, and the prevailing energy constraints in the country are adding salt to industry's injury.

The APTMA spokesman said there is no doubt that inflation and discount rate go side by side but still the financial policymakers should bear the point that the textile industry cannot export inflation, especially when it is facing extraordinary competitive regime in the region.

Therefore, said the APTMA spokesman, the financial planners of the government should come forward with a special interest rate regime for textile industry, following the footsteps of competitors in the region, and ensure employment and exports growth in the country.

The APTMA spokesman said the APTMA will organize national debate on these parameters on December 18, 2010 at the Royal Palm Country Golf Club Lahore.

All Pakistan Textile Mills Association (APTMA)

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Judy Frater
Somaiya Kala Vidya

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
February 2017

February 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