Pakistan's textile sector has been passing through difficult times because of higher input cost, rising interest rates and intense competition in the export market. Tts earnings have thus declined by 10% to Rs 2.3 billion in the first half of the current fiscal year compared with Rs 2.5 billion in the previous corresponding period, despite an 11% increase in net sales. During this period, financing cost increased by 8% and overall margins dropped to 14%.
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