International rating agency Moody’s Investors Service has reassessed Bangladesh’s rating unchanged at Ba3, which the central bank believes would help the country float its first ever sovereign bonds. “Bangladesh’s Ba3 sovereign rating reflects our methodological assessment of economic strength that balances a medium-sized, but relatively narrow and low-income economy against a track record of steady [...]
Bangladeshi spinners are considering shifting their production lines outside the country, as it would ensure raw material supply and also help them conserve energy. Textile mill operators spin cotton into yarn and fabrics, which are the key inputs that go in production of ready made garments. By setting up their production lines abroad, they could [...]
Around 60,000 workers and 200,000 families of indirect employments have lost their jobs due to relocation of export oriented textile units to Bangladesh. The industries mostly located in the textile hub of southern Punjab shifted their manufacturing from Pakistan, fibre analyst Shakeel Ahmad said on Saturday. Neither the government authorities nor the industry owners have [...]
