Pakistan’s leading export groups have raised serious concerns over the recent budget changes. They say these changes will damage the country’s $11 billion value-added export sector. The sector includes garments, sports goods, and leather products. It contributes about one-third of national exports and is already under pressure from rising costs. The exporters demanded an urgent […]
PRGMEA
Rupee devaluation detrimental for value added textile sector
Value Added Textile Export Association declared the current over 3.6% percent devaluation of rupees against dollar in 24 hours is extremely disastrous for the nation stating that such exorbitant devaluation will increase cost of doing business and also open floodgates of inflation for the masses. Pakistan rupee has been devalued approx. 20.16% against dollar from […]