This has reference to the letter in Business Recorder on June 14, 2007 about "No limit to greed - textile sector" by Fahad Anwer, which is absolutely correct. The government has announced 3 percent reduction in the interest rate or mark up on loans to spinning mills and 15 percent rise in the wages of the mill workers, which will take time for implementation.
The 3 percent rate of interest is insufficient and government should do more to save the textile industry. We also request the government to give more incentives to textile sector.