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Fuel price hike hits both Bangladesh and Pakistan ready made garment exporters

Written By Views maker on July 08, 2008 | 7/08/2008

raise-of-petrol-price Fuel price hike has increased production and transportation costs significantly to Bangladesh and Pakistan garment manufacturer. In Bangladesh price hike of fuel  would increase production cost of readymade garment by 15 per cent.Price of ready made garment product in the global market is at decreasing trend But cost of production is rising continuously. The recession in the US has lowered ready made garment product export by 35 percent in recent months But they are importing textiles from Bangladesh due to low price. If this trend seems to continue then Pakistan and Bangladesh would have to shed some of their market share to more efficient producers in Asia.