September 25 2022 7:36 AM E-paper Subscribe Sign in My Account Sign out

Loss and lack of purchasing power despite deferral of bank payments

clothes
(File photo: Ameer Khalifeh/Jordan News)
AMMAN — The representative of the clothing sector in the Jordan Chamber of Commerce, Asaad Al-Qawasmi, confirmed, on Saturday, the weak purchasing power and the scarcity of liquidity; Despite the postponement of bank installments in the clothing sector, he indicated that there are "clear losses" in the sector, according to Al-Mamlaka TV.اضافة اعلان

He stated that "the commercial movement is slow and below the expectation and preparations made by the merchants for the Eid al-Adha season."

Al-Qawasmi attributed "the weakness of purchasing power to the high expenses and obligations on the citizen during the past period...the Tawjihi exams coincided with the holidays, and the different priorities of the citizen this holiday."

"A lot of offers and discounts have been made to avoid the accumulation of goods, and we witnessed stability in prices," according to Qawasmi.

Al-Qawasmi stated that "the postal parcels contributed greatly to the competition with the clothing sector, as it became unfairly intrusive into the sales method with the clothing market by exploiting the Prime Minister's instructions regarding personal belongings."


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