Pakistan Textile And Garment Industry Association Refuses Monetary Policy
Mohamed, President of the Pakistan Textile Mills Association (APTMA), refused.
monetary policy
He said that maintaining a 12% interest rate would increase more non-performing loans and increase the unemployment rate in the private sector.
Akbar said the textile and garment sector expects interest rates to be reduced to single figures, because the textile industry at the current price level is unprecedented in the country.
energy
Under the circumstances of the crisis, it suffered heavy losses.
Akbar criticized the Central Bank of Pakistan for reducing inflation through high interest rates, because the main borrowers of banks are
government
Rather than the private sector.
Government borrowing has seriously damaged the interests of the private sector. Because of the high cost of finance, the private sector is losing its viability rapidly.
Akbar said that the lack of surplus liquidity in the market is the main reason for the lack of investment in the industry.
On the other hand, the population is growing rapidly, which means that the unemployment rate will be even higher if there is no industrial expansion plan.
- Related reading
The National Fiber Policy Will Become Part Of India'S Twelfth Five Year Plan.
|The National Fiber Policy Will Become Part Of India'S Twelfth Five Year Plan.
|- Daily headlines | Filtration Of "Price Moisture" In Clothing Wholesale Market
- Fashion character | Athena Chu Appeared In Stage Play To Challenge Mrs.
- Shoes and clothing technology | Development And Innovation Of Synthetic Leather Technology And Products
- Fashion character | &Nbsp Is The Premiere Of Hsu Chi.
- Local hotspot | Tens Of Thousands Of People In Beijing Gathered In Lugou Bridge &Nbsp; &Nbsp; "Lugou Xiaoyue" Reappeared In The Past.
- Market topics | Global Cotton Is Hot And The Price Is High.
- Venture capital project | Why Is Shishi Export-Oriented Enterprise Nervous At Any Time?
- market research | Shi Lion Invested Heavily In Vigorously Promoting Scientific Research And Energy Conservation And Emission Reduction In Enterprises
- Professional market | Hangzhou People Wear Jeans Has Become Fashionable &Nbsp; &Nbsp; Customization Arises At The Historic Moment.
- Macro economy | Embarrassment Of China'S Luxury Brand Dislocation
- India'S Textile Exports Earn Steady Growth Over The Past Three Years
- Bally&Nbsp; 160Th Anniversary Antique Shoes Exhibition Opens In Shanghai
- At The End Of The Year, The Discount Is Still Half Concealed.
- Healthy And Meticulous Preparation &Nbsp; Environmental Protection And Function Win Win
- 米蘭面料展的速配機遇
- Flax, Return To Innocence Legend
- 2012 Qingdao Leather Shoes Machinery Exhibition June Will Be Hosted By The Qingdao Municipal People's Government.
- The Competitiveness Of Vietnam'S Textile And Garment Factories Is Seriously Tested.
- High-End Department Stores Discount Sales Day &Nbsp; Guangzhou Friendship Sales Increased By 50% Over The Same Period Last Year.
- Textile Industry "De Cotton" To Speed Up High-End Fiber Into Baton.