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Article: CURRENCY ADJUSTMENT BENEFITS PAKISTANI MANUFACTURERS.
- Article from:
- WWD
- Article date:
- March 18, 2008
- Author:
CopyrightCOPYRIGHT 2008 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mahlia S. Lone
LAHORE, Pakistan - With the Pakistan rupee loosely pegged to the dollar and the strengthening of the Chinese, Indian and Bangladeshi currencies, Pakistani manufacturers have gotten an automatic price advantage against their regional competitors in certain categories.
After the successful and relatively peaceful holding of general elections in the country on Feb. 18, political unrest has also subsided.
Imran Iqbal, general manager of marketing of Active Apparel International, Pakistan's oldest knitwear company in operation since 1954, with mills in Lahore and Multan here, and in Jordan and Egypt, said the country's sourcing ...
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