Financial Distress in Glass Industry of Pakistan: Using Altaman’s Zscore

Abstract

Better economy is always greater concern of every country, for this concern there is greater role of industry especially the glass industry. It is very important to assess the risk faced by glass industry and provide some solutions. This research is done to analyze the financial distress in glass industry, the secondary data from 2011-2015 was taken and used Altman’s Z score to find out the research results. The research results showed that the glass industry faced financial distress due to unstable political conditions. This research will helpful for allied industries and managers to revise their business strategies to maximize the market shares.

Keywords: Financial Distress, Political Setup, Prediction, Policies