Updated on
Summary
The collective profit of the textile sector remained 2 billion with a decrease of 57 percent during financial year 2009. The tough sense of competition in the region, high interest ratio, and electricity crisis decreased the Pakistans textile exports. Contrary to it, the sale of textile composite remained 170 billion during 2009 which was 150 billion last year. The cause of this increase is 20percent decrease in the value of rupee in comparison with the dollar. An addition of 190 bases points is recorded in margins following the decrease in cotton prices and increase in the revenue.
