AlKaram Textile Gets 6-Year Export Order for US Brand Gap Inc.

[Azure]

AlKaram Textile Gets 6-Year Export Order for US Brand Gap Inc.
Posted 2 hours ago by ProPK Staff

Pakistan’s leading player in the textile industry, AlKaram Textile Limited, has received an order from the renowned American brand Gap Inc. for a period of six years.
According to AlKaram Textile Limited’s Managing Director, Fawad Anwar, the company has signed a license for home textiles with Gap Inc. for all of North America and Mexico for six years.

ALSO READ
Cement Sector Posts Lowest Monthly Growth in FY21
The company will be Pakistan’s first home textile company to enter the brand licensing space in international markets. The project is likely to open doors for the same companies in the established markets as well as for the other textile producers based in Pakistan.
Although both exports and handsome income inflows will be received via these orders, the expansion of the local value chains could result from the fulfillment of such an order, including the generation of employment and local businesses.
ALSO READ
Taxpayers Demand Deadline Extension For Filing Returns Due to IRIS Glitches
Located in Karachi, AlKaram Textile Mills has 10,000 employees across all of its branches and generates $337.26 million in sales annually.

Pakistan’s textile industry is undergoing a historic phase of expansion after having achieved almost 100 percent installed production level. Textile producers are receiving orders from various foreign markets and are installing new production units and offering new jobs at the local level.

AlKaram Textile Gets 6-Year Export Order for US Brand Gap Inc.

Pakistan’s leading player in the textile industry, AlKaram Textile Limited, has received an order from the renowned American brand Gap

propakistani.pk

 

[Areesh]

Brilliant. Very good news

 

[The Accountant]

Brilliant. Very good news

Areesh bhai increase in exports seems a consistent trend now.

 

[mourning sage]

Areesh bhai increase in exports seems a consistent trend now.

A systematic economic restructuring leads to gains in the long run. yes, we have had some difficult years since PTI took over but a leader whose a visionary will sacrifice the present to secure the future. That is what IK is. People dont see this yet but IK's economic policies and many other initiatives are the first steps towards launching us in to the future. I pray that IK wins for the next two terms. If these bloody sharif's and Bhutto's take over, we'd be done for.

 

[Pakistansdefender]

#thank you imran khan

 

[Norwegian]

Areesh bhai increase in exports seems a consistent trend now.

That's why Pmln mafia needs to be brought back

 

[Areesh]

Areesh bhai increase in exports seems a consistent trend now.

Yrue. Hopefully this is a long lasting trend

 

[Trango Towers]

I wish pakistan had law and order.
The culture of bribes must end and then businesses can thrive

 

[xyxmt]

I wish pakistan had law and order.
The culture of bribes must end and then businesses can thrive

I wish i would have water when thirsty

 

[TheSnakeEatingMarkhur]

Areesh bhai increase in exports seems a consistent trend now.

In Sha Allah will be bahi

 

[The Accountant]

Yrue. Hopefully this is a long lasting trend

It could be long lasting only if we diversify our exports.

Textile export is a very competitive market. What actually happen is due to reduction in exchange rate Pakistani products become cheaper. In simple terms u can imagine the labor cost per unit to export customer has decreased from 160 dollars to 100 dollars. (Salaries in pkr are same but have actually reduced in dollar terms and so are the other expenses). Increase in export can be done this way but our people will get low paid salaries as the moment we increase salary we will become expensive again.

In short term and medium term we need jobs and exports so this strategy will work very well but we need to create value added export goods for uplifting per capita income of our people.

Government is targeting engineering goods and software but efforts r also required from private sector.

 

[ghazi52]

Great going, Imran Khan.

 

[The Accountant]

That's why Pmln mafia needs to be brought back

Hahaha ... Change is in the wind. Even @Areesh is acknowledging the achievement of PTI.

Furthermore it is also a testament to flawed ishaq dar policy of keeping the exchange rate low which i was mentioning about since last 5 years atleast.

 

[Morpheus]

but a leader whose a visionary will sacrifice the present to secure the future.

A leader who cares about Pakistan and its people. It has been a long time since a Pakistani leader is looking after all of its people, instead of themselves only.

 

[Trango Towers]

I wish i would have water when thirsty

If you didn't have water yiu would be dead.