Global Financial Crisis And Its Impact On Textile Industry In Pakistan

Article

Shaikh, Faiz M., Gopang, Nazir Ahmed and Shafiq, Kamran. 2011. "Global Financial Crisis And Its Impact On Textile Industry In Pakistan." Journal of Business Case Studies. 7 (3), pp. 17-22. https://doi.org/10.19030/jbcs.v7i3.4260
Article Title

Global Financial Crisis And Its Impact On Textile Industry In Pakistan

Article CategoryArticle
AuthorsShaikh, Faiz M. (Author), Gopang, Nazir Ahmed (Author) and Shafiq, Kamran (Author)
Journal TitleJournal of Business Case Studies
Journal Citation7 (3), pp. 17-22
Number of Pages6
Year2011
Place of PublicationUnited States
Digital Object Identifier (DOI)https://doi.org/10.19030/jbcs.v7i3.4260
Web Address (URL)https://clutejournals.com/index.php/JBCS/article/view/4260
Abstract

This research investigates the impact of Global Financial Crisis on textile industry clusters in Pakistan. A cross sectional data were collected from 25 textile industries by using simple random technique and data were analysis by using E-Views software. Structural questionnaire was the basic tool for measures the performance of textile industry in financial recession in Pakistan. It was revealed that the industry is in urgent need of financial and technological investments. It was revealed that Global financial crisis has negative impact on the export of textile industry in Pakistan. The export of textile related products has decreased by 20 percent due to decrease in textile demand. It was further revealed that textile industry facing problems such as electricity and high taxes.

Keywordstextile; clusters; empirical analysis; Pakistan
ANZSRC Field of Research 2020380107. Financial economics
Byline AffiliationsZulfiqar Ali Bhutto Agricultural College, Pakistan
University of Sindh Jamshoro, Pakistan
COMSATS University Islamabad, Pakistan
Institution of OriginUniversity of Southern Queensland
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