Moody’s investors Upgrades Pakistan Bond Ratings

[Mr_Fraudia]

Re: Moody’s investors Upgrades Pakistan Bond Ratings

@PaKpatriot1

The main cause behind this decline was intensifying competition from exporting countries where manufacturing cost is relatively cheaper when compared to Pakistan. Besides, lesser focus on value-added products also makes Pakistani manufactures uncompetitive in the international markets, Aziz felt. However, a government official said that although, the cost of production has gone up over the years, but the Pakistan textile manufactures did not concentrate on brining improvement in quality and designing of their products, which is also a big reason loosing the export orders.

“The government has given fiscal incentives to the industry, whatever was possible in the shape of textile package and R&D support, however industry should also play its part to introduce innovative designs and improve the quality to attract the foreign buyers,” he added.

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so it seems more like an industry issue than a govt issue.
happens in every country, look at big 3 in detroit and how they have fared.