03-27-2009, 07:17 PM
Thank U Kamran !!!
I have read the below comments of textile circles in newspapers (Excerpts are pasted here FYI & further comments).
They are of the view that Pakistan textile industry is exposed to a new kind of opportunity.
"This is right time to capture the world markets," said the industry circles. They further added that Pakistan textile industry was a compact industry. Also, Pakistan was in a little insulation with the present world financial debacle, as none of the banks was hit here like the rest of the world. And if any, only to the extent of fat melting, they said, that there was no hue and cry in the country that Habib Bank was drowned or the MCB was dead.
Interestingly, they further mentioned that Pakistan textile industry was geared to what the present world market demand was. Earlier, they said, Pakistan textile industry was criticised for manufacturing low-cost jeans, but this inefficiency had turned into a potential amidst recession-hit economies around the globe.
"We can only manufacture jeans worth 15 to 25 dollars, which is in full demand across the world markets now," said one senior spinner, adding "This is right time for Govt to sit down with the industry and identify what they can do for tapping the opportunity, as the industry's problem list is not too long." The industry circles strongly believed that a mocking approach of previous regime damaged the basic textile severely, and they dubbed the last eight years as a draconian era for basic textile.
The above were few comments from the textile sectors own personnel pasted here for info only....
As U have suggested in ur previous post that a decline in interest rate would do the job for the Textile sector but could it be possible for us ??? ur breif comment is awaited.
ADIL
I have read the below comments of textile circles in newspapers (Excerpts are pasted here FYI & further comments).
They are of the view that Pakistan textile industry is exposed to a new kind of opportunity.
"This is right time to capture the world markets," said the industry circles. They further added that Pakistan textile industry was a compact industry. Also, Pakistan was in a little insulation with the present world financial debacle, as none of the banks was hit here like the rest of the world. And if any, only to the extent of fat melting, they said, that there was no hue and cry in the country that Habib Bank was drowned or the MCB was dead.
Interestingly, they further mentioned that Pakistan textile industry was geared to what the present world market demand was. Earlier, they said, Pakistan textile industry was criticised for manufacturing low-cost jeans, but this inefficiency had turned into a potential amidst recession-hit economies around the globe.
"We can only manufacture jeans worth 15 to 25 dollars, which is in full demand across the world markets now," said one senior spinner, adding "This is right time for Govt to sit down with the industry and identify what they can do for tapping the opportunity, as the industry's problem list is not too long." The industry circles strongly believed that a mocking approach of previous regime damaged the basic textile severely, and they dubbed the last eight years as a draconian era for basic textile.
The above were few comments from the textile sectors own personnel pasted here for info only....
As U have suggested in ur previous post that a decline in interest rate would do the job for the Textile sector but could it be possible for us ??? ur breif comment is awaited.
ADIL
