Summary Textile sector acquired loans amounting to Rs 57 billion in July-December 2014-15
LAHORE (Dunya News) – Debts of the textile sector have increased by 43 percent in July to December period of the Fiscal Year (FY) 2015-16, Dunya News reported Friday.
According to the State Bank of Pakistan (SBP), textile sector collectively is under debt worth around Rs 82 billion with 43 percent increase in first six months of FY 2015-16.
In the same period of FY 2014-15, textile sector acquired loans amounting to Rs 57 billion.
Despite increase in loans ratio, the exports dropped by five percent hitting USD 6.54 billion. Experts have said that energy crisis in the country among other factors have caused the loss.
