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Article: Pakistan Suppliers Strive for Expansion.
- Article from:
- Home Textiles Today
- Article date:
- May 21, 2007
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By Staff
Grapple with Global Economic Issues
Karachi, Pakistan - After investing US$6 billion during the previous six-year period (2000-2005), further investment in the textile sector slowed considerably during 2006. Increases in bank interest rates, higher energy costs, the overall cost of doing business, and competition from China and India are the major factors affecting major investment in the textiles sector.
Due to what some here call a "global recession in home textiles," the home textile sector has been facing problems of downturn in demand and prices for the last year, even as raw material prices are maintaining their rising trend. ...