http://tribune.com.pk/story/762213/business-stories-the-rise-and-fall-of-the-chenab-group/This is true. one thing is missing here that after Benazir assassination the interest rates shootup and with Zardari govt. industrial cooperation negative.
in 2005 interest rates 3% to export interestry and in 2009 interest rates 10%
who can survive? simply the ones who did not had loans.
Don't exporters have some sort of insurance cover for these types of events ?
"Self insurance" ki risk leytay hain tu yeh tu hosakta hai ..
Bhai textile k liyey force majure he hai but I havenot heard any kind of insurance to cover that because this is government policy change on the back of American banks collapse.
when their system collapsed they closed all doors and asked everybody to give their stakes back.
This is happened in Pakistan different way.
how BOP, FABL, NBP etc. majority all banks gave bad loans. this is what happened with the American banks.
koon bughtay ga.
Awan in America and in Pakistan are suffering and completing this gap by paying higher taxes or higher fuel charges etc. on top of job losses you can see visible Chenab, Amtex, ANL etc. these are all went wrong on the policy change because of money movers in their own interst.
:thumbsdown_anim:thumps down to them.
And now textile is much more stronger and will not rely on banks for a decade as they did in past ones.