Related Keywords: affected exports, cut in production, depreciation of Euro, eurozone, finished fabrics, in crisis, Pakistan home textiles, plummet in international cotton prices, shut shop, Textile Industry
Globally, depreciation of the euro and the crisis in the eurozone, as well as plummet in international cotton prices has adversely affected export of home textiles and finished fabrics put a majority of home textile producers from Faisalabad in trouble. This is the second time in seven years that home textiles manufacturers from Faisalabad are in the midst of a crisis.
As overseas shipments of most home textiles has continued to slump over the last one year, a majority of home textiles producers are compelled to significantly cut their production and some to shut their shop.
