Dec272023 by Faraz Khan2 Comments

Ten Pakistani companies are participating in the 31st Dakar (FIDAK) in Senegal

News, Events

Ten Pakistani companies are participating in the 31st Dakar (FIDAK) in Senegal Ten Pakistani companies are currently participating in the 31st Dakar International Trade Fair (FIDAK) in Senegal, showcasing a diverse range of products until December 31. The primary objective of these exhibitors is to explore the Senegalese market, establishing strong business partnerships and introducing high-quality Pakistani products to Senegal and the broader West African region. The products on display cover a wide spectrum, including sports goods, surgical instruments, textiles catering to men, women, and babies, cosmetics, leather goods, furniture, jewelry, and handicrafts. The initiative is organized by the Pakistan Embassy in Senegal, which has coordinated several activities to maximize opportuni...

Dec272023 by Faraz Khan1 Comment

Exports to Middle East Surge by 29% in July-November

News

Exports to Middle East Surge by 29% in July-November Pakistan's exports to the Middle East witnessed a robust rebound, recording a growth of 28.98%, reaching $1.257 billion in the initial five months of the current fiscal year compared to $974.50 million in the corresponding period last year. The surge was notably driven by heightened demand from key countries in the region, including the United Arab Emirates, Saudi Arabia, and Kuwait. However, exports to Qatar experienced a decline during this period. Pakistan exports to UAE rose sharply by 33pc to $817.978m in 5MFY24 from $614.864m over the corresponding months of last year. The exports to UAE bounced back during the current fiscal year. However, it suffered a decline of 20.23pc to $1.474bn in FY23 from $1.848bn over the corres...

Dec272023 by Faraz Khan1 Comment

U.S. Retail Sales Rise By 3.1% During Holiday Season

News, Retail News

U.S. Retail Sales Rise By 3.1% During Holiday Season U.S. retail sales experienced a 3.1% growth from November 1 through December 24, primarily fueled by enticing online offers and last-minute Christmas deals, as per the Mastercard SpendingPulse preliminary report. Despite the positive uptick, this figure falls short of the 7.6% growth recorded in the previous year. The report, which encompasses in-store and online retail sales across all payment types, highlights a shift in consumer behavior with online retail sales registering a 6.3% increase compared to last year's 10.6%. In-store sales, on the other hand, rose by 2.2% year-on-year. The apparel sector emerged as the most popular, witnessing a 2.4% growth, while jewelry and electronics sales experienced a 2% and 0.4% decline, resp...

Dec272023 by Faraz KhanNo Comments

Unraveling the Crisis of Kantamanto Market, Ghana

Global, News

Unraveling the Crisis of Kantamanto Market, Ghana Kantamanto Market in Accra, Ghana, once a symbol of bustling trade and economic opportunity, now stands exposed as a stark tapestry of environmental and social woes. This sprawling marketplace, known as the largest secondhand clothing market in West Africa, is drowning under a tsunami of discarded garments from the Global North. Clothes deemed "unwearable" by wealthier nations often end up here, their journey shrouded in secrecy and their consequences far-reaching. The influx of secondhand clothes, often falsely disguised as "donations," masks a harsh reality. These garments, rejected by consumers who crave constant fashion updates, are shipped in massive bundles, flooding a market already saturated. The used clothing trade may offer some...

Dec262023 by Faraz Khan1 Comment

Exporters Stress Innovation and Diversity for Sustainable Growth in Pakistan

News

Exporters Stress Innovation and Diversity for Sustainable Growth in Pakistan" Enhancing exports is crucial for Pakistan's sustainable growth, with the country's balance of payments sustainability hinging on innovation and diversity in the economy's structure, according to Mubashar Naseer Butt, Central Chairman of the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA). The PRGMEA, in collaboration with the Model Customs Collectorate, organized an interactive session to assist exporters in boosting value-added textile exports. Customs Collector Azmat Tahira and her team discussed various issues with exporters, including rebate calculation, pending Duty and Tax Remission for Export (DTRE) cases, and HS code approval. The PRGMEA emphasized the importance of removi...

Dec262023 by Faraz KhanNo Comments

Sri Lanka’s Apparel Exports Experience Sharp Decline of 20.55% in 2023

News, Apparel and Fashion News

Sri Lanka's Apparel Exports Experience Sharp Decline of 20.55% in 2023 Sri Lanka's apparel exports faced a significant setback, experiencing a 20.55% decline, totaling US $3.75 billion from January to October 2023, according to recent data from the Sri Lanka Apparel Exporters Association (SLAEA). The breakdown reveals a 19.15% decrease in exports to the European Union (EU), amounting to US $1.14 billion, and a 24.75% decline in exports to the United States, contributing US $1.49 billion. Together, the EU and the USA accounted for 70.33% of the overall shipment values. Of particular concern is October 2023, emerging as the worst October for Sri Lanka's apparel exports in the last five years. The country shipped apparels worth US $330.95 million in October 2023, marking a notable downtur...

Dec262023 by Faraz KhanNo Comments

Peach Fuzz A Tactile Embrace of Hope and Connection – Exploring Pantone’s 2024 Color of the Year

Blogs

Peach Fuzz: A Tactile Embrace of Hope and Connection - Exploring Pantone's 2024 Color of the Year For 25 years, Pantone's Color of the Year has served as a cultural barometer, reflecting the zeitgeist and influencing trends across multiple industries. And in 2024, the global color authority has selected Peach Fuzz, a velvety, gentle peach tone, as its guiding hue. But what does this choice signify? Let's unpack the layers of meaning woven into this comforting shade. A Nurturing Response to Turbulent Times: As Leatrice Eiseman, Executive Director of the Pantone Color Institute, explains, Peach Fuzz emerges from a need for "a color that's nurturing." We live in a world grappling with global conflict, ongoing socio-economic challenges, and heightened anxiety. In this climate, Peach Fuzz of...

Dec262023 by Faraz KhanNo Comments

Quality Assurance Inspector

International, Jobs

Job title: Quality Assurance Inspector Company: VadaTech Job description: Job Description: SUMMARY The Quality Assurance Inspector position inspects solder connections on PCB circuit boards... Expected salary: Location: Henderson, NV Job date: Sat, 23 Dec 2023 07:09:52 GMT Apply for the job now! Apply job now!

Dec262023 by Faraz KhanNo Comments

Polar Bear-Inspired Fabric Unveiled, Promising Warmth Without Weight

News, Fashion Tech News

Polar Bear-Inspired Fabric Unveiled, Promising Warmth Without Weight There's a new contender in the cold-weather battleground: a revolutionary textile inspired by the polar bear, nature's own master of arctic insulation. This ultralight fabric, inspired by the fur and physiology of these majestic creatures, promises to keep you toasty warm without weighing you down, making it a game-changer for outdoor enthusiasts and fashionistas alike. Scientists at Zhejiang University in China have created a revolutionary fiber that could transform the textile industry. The team, led by associate professor Gao Weiwei and professor Bai Hao, looked to nature to draw inspiration from to overcome the limitations of aerogel. What makes the polar bear such an efficient heat conserver? It's a two-pronge...

Dec252023 by Faraz KhanNo Comments

Laboratory Technician (Textiles)

International, Jobs

Job title: Laboratory Technician (Textiles) Company: SGS Job description: industry by assuring quality and safety of products and services. Trusted all over the world, SGS is a market leader... Expected salary: Location: Fairfield, NJ Job date: Fri, 22 Dec 2023 05:51:47 GMT Apply for the job now! Apply job now!