AVN 71.42 Increased By ▲ 0.28 (0.39%)
BOP 9.02 No Change ▼ 0.00 (0%)
CHCC 136.17 Increased By ▲ 0.57 (0.42%)
DCL 9.75 Increased By ▲ 0.08 (0.83%)
DGKC 106.80 Decreased By ▼ -1.60 (-1.48%)
EFERT 61.49 Decreased By ▼ -0.47 (-0.76%)
EPCL 45.30 Decreased By ▼ -0.05 (-0.11%)
FCCL 21.48 Decreased By ▼ -0.11 (-0.51%)
FFL 15.10 Decreased By ▼ -0.15 (-0.98%)
HASCOL 15.16 Decreased By ▼ -0.13 (-0.85%)
HBL 130.11 Decreased By ▼ -0.19 (-0.15%)
HUBC 84.55 Increased By ▲ 0.09 (0.11%)
HUMNL 6.04 Decreased By ▼ -0.05 (-0.82%)
JSCL 28.50 Increased By ▲ 1.39 (5.13%)
KAPCO 28.60 Decreased By ▼ -0.25 (-0.87%)
KEL 3.66 Decreased By ▼ -0.06 (-1.61%)
LOTCHEM 13.16 No Change ▼ 0.00 (0%)
MLCF 40.97 Decreased By ▼ -0.08 (-0.19%)
OGDC 102.90 Increased By ▲ 2.21 (2.19%)
PAEL 34.70 Increased By ▲ 0.45 (1.31%)
PIBTL 12.85 Decreased By ▼ -0.06 (-0.46%)
PIOC 95.43 Decreased By ▼ -0.57 (-0.59%)
POWER 9.70 Decreased By ▼ -0.12 (-1.22%)
PPL 92.82 Increased By ▲ 0.67 (0.73%)
PSO 206.76 Increased By ▲ 0.74 (0.36%)
SNGP 44.30 Decreased By ▼ -0.62 (-1.38%)
STPL 16.25 Decreased By ▼ -0.37 (-2.23%)
TRG 73.32 Increased By ▲ 1.91 (2.67%)
UNITY 27.31 Increased By ▲ 0.04 (0.15%)
WTL 1.05 Increased By ▲ 0.02 (1.94%)
BR100 4,399 Increased By ▲ 24.17 (0.55%)
BR30 22,249 Increased By ▲ 134.76 (0.61%)
KSE100 42,207 Increased By ▲ 159.28 (0.38%)
KSE30 17,683 Increased By ▲ 17.86 (0.1%)
Business & Finance

World’s top apparel brands Target, Hugo Boss shifting orders to Pakistan

  • “This is a good trend and I am very hopeful that this will continue. I hope that the exporters will capitalize on this opportunity,” he added.
31 Oct 2020

As a silver lining among all the economic volatility amid the coronavirus pandemic, a number of the world’s renowned apparel brands are shifting their orders to Pakistan.

The development was shared by Advisor to Prime Minister on Trade and Investment Abdul Razak Dawood, who said that more and more brands are shifting to Pakistan. “We just heard that Hanes, Guess, Hugo Boss & Target have shifted orders from China to Pakistan,” said Dawood in a tweet post.

“This is a good trend and I am very hopeful that this will continue. I hope that the exporters will capitalize on this opportunity,” he added.

Back in July, the luxury brand Hugo Boss considered a fashion giant placed its first sportswear order to Sialkot based leading firm. The achievement was due to the effort of the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) which hold the 35th IAF Fashion Convention in November last year.

On the other hand, addressing the concerns of apparel manufacturers, the Ministry of Commerce held a meeting of stakeholders of spinners and apparel manufacturers to discuss the availability of yarns and their prices. In light of rising prices, MOC is considering reducing duties on various yarns and preparing a summary for the ECC.

“Apparel is the engine of growth in the textile sector and the availability of yarn at competitive prices is the pillar of strength. All sectors have to play their respective roles to maximize overall exports,” said Dawood.