Tag: clothing

  • Exports from Pakistan witness 35.7% increase in first four months of FY23

    According to data from the Pakistan Bureau of Statistics (PBS), exports from Pakistan increased by 35.77 per cent in rupee terms during the first four months of the current fiscal year (2022-23) compared to the same time previous year.

    According to Geo, exports from July through October (2022-23) were Rs2,131,776 million, up from Rs1,570,136 in the corresponding period the previous year. This represents a growth of 35.77 per cent.

    In comparison to October 2021, when exports were Rs423,063 million, the country’s exports rose by 24.29 per cent to Rs525,831 million in October 2022.

    When compared to the exports of Rs563,714 million reported in September 2022, the exports climbed by 6.72 per cent in October 2022 on a monthly basis.

    The main commodities of exports during October 2022 were:

    Knitwear (Rs86,400 million), readymade garments (Rs60,778 million), bedwear (Rs47,895 million), cotton cloth (Rs37,407 million), rice other than basmati (Rs20,344 million), towels (Rs17,553 million), made-up articles, excluding towels & Bedwear (Rs12,758 million), fish products (Rs12,057 million), rice Basmati (Rs11,375 million) and cotton yarn (Rs10,819 million).

    On the other side, imports increased by 12.87 per cent from July through October 2022 to a total of Rs4,701,648 million, compared to Rs4,165,590 million during the same time previous year.

    Imports totaled Rs1,039,036 million in October 2022 compared to Rs1,232,299 million in September 2022 and Rs1,093,545 million in October 2021, a drop of 15.68 per cent over September 2021 and 4.98 per cent over October 2021.

    The major imports during October 2022 were:

     Petroleum products (Rs100,436 million), petroleum crude (Rs82,124 million), natural gas, liquified (Rs65,485 million), palm oil (Rs59,739 million), plastic materials (Rs47,301 million), iron & steel (Rs38,517 million), raw cotton (Rs29,943 million), iron & steel scrap (Rs26,037 million), electrical machinery & apparatus (Rs24,058 million) and medicinal products (Rs23,234 million).

  • Pakistan inflation hits highest level since 1973

    Pakistan inflation hits highest level since 1973

    According to the Pakistan Bureau of Statistics (PBS), Pakistan’s Consumer Price Index-based inflation (CPI) climbed by 27.3 per cent on a year-over-year basis in August 2022 as opposed to an increase of 24.9 per cent the previous month and 8.4 per cent in August 2021.

    Inflation has increased by an average of 26.1 per cent in the first two months of the current fiscal year 2023 compared to 8.36 per cent in 2022. August’s inflation rate was the highest since November 1973.

    According to brokerage house Arif Habib Limited (AHL) the Consumer Price Index (CPI) for the month of Aug’22 clocked in at 27.26 per cent YoY (+2.45 per cent MoM). This takes 2MFY23 average inflation to 26.1 per cent compared to 8.36 per cent in 2MFY22.

    CPI inflation

    Urban

    In August 2022, urban CPI inflation was 26.2 per cent on an annual basis, up from 8.3 per cent in August 2021 and 23.6 per cent the month before.

    It climbed by 2.6 per cent month over month in 2022, compared to 4.5 per cent the month before and 0.5 per cent in August 2021.

    Rural

    In addition, rural CPI inflation reached 28.8 per cent on an annual basis in August 2022, up from 8.4 per cent in August 2021 and 26.9 per cent in the preceding month.

    In August 2022, it climbed by 2.2 per cent month over month, compared to 4.2 per cent the month before and 0.7 per cent in August 2021.

    Further increase expected

    Rising inflation has become a major worry for Pakistan’s economy, which is already experiencing a loss of foreign exchange reserves.

    In the midst of severe flash floods that have resulted in at least 1,100 fatalities, extensive destruction, and millions of displaced people, experts have cautioned that the country will experience additional increases in food costs.

  • Celebrate Independence Day with these Azadi sales

    Celebrate Independence Day with these Azadi sales

    Pakistan’s Independence Day is just around the corner and to celebrate this special day, various brands are offering discounts to their customers.

    The Current has made a list of brands that are offering discounts to mark Pakistan’s 75th Independence Day.

    Outfitters:

    Outfitters is offering a flat 30 per cent discount on its entire collection.

    Check it out here.

    By The Way

    By The Way is offering a flat 40 and 50 per cent discounts on their entire stock.

    NDURE

    If you are looking to get some new shoes, you can check out NDURE. The brand is offering up to 50 per cent discount.

    Depilex salon:

    Pamper yourself by availing of these deals at Depilex salon.

    Gul Ahmed/ Ideas

    Gul Ahmed is offering up to 50 per cent discount on a wide range of products.

    Website: https://www.gulahmedshop.com/

    IRIS Hair & Makeup Studio

    IRIS is offering different deals this Independence Day.

    Amir Adnan

    Amir Adnan‘s Independence Day sale offers up to 30 per cent off on the entire stock.

    Check it out here.

    Sapphire Pakistan

    Sapphire Pakistan is offering up to 50 per cent off on selected items.

  • Exports of leather garments witness 10.15 per cent increase

    Exports of leather garments witness 10.15 per cent increase

    Owing to a partial recovery of international orders and government support programmes, Pakistan’s non-textile exports increased by 25.85 per cent year over year to $12.46 billion in the preceding 2021–22.

    The value-added sectors are primarily driving overall growth in the non-textile sector. According to data produced by the Pakistan Bureau of Statistics (PBS) on Thursday, the non-textile sector has not yet received full orders to pre-Covid levels.

    Despite lockdowns in several nations, three industries—leather clothing, medical equipment, and engineering goods—maintained growth in export revenues in FY21.

    Exports of leather clothing increased by 10.15 per cent and those of leather gloves by 10.60 per cent in the value-added leather industry. In contrast, raw leather exports rose by more than 28.50% over the previous fiscal year.

    One of the major producers of surgical instruments worldwide is Pakistan. However, well-known brands resell these instruments in western nations. Because of this, the export value of these goods is still extremely low.

    In FY22, surgical tool exports experienced a 1.29 per cent decline. Pharmaceutical exports, however, decreased by 0.49 per cent.

  • School restricts female students to wear ponytails because they ‘excite men’ in Japan

    School restricts female students to wear ponytails because they ‘excite men’ in Japan

    As per Motoki Sugiyama, a former middle school teacher in Japan’s school, administrators told him that girls must not wear a ponytail because exposing the nape of their necks could “sexually excite” male students.

    While referring to how most schools require girls to wear white undergarments so that they won’t show through their uniforms, Sugiyama said, “They’re worried boys will look at girls, which is similar to the reasoning behind upholding a white-only underwear colour rule.”

    “I’ve always criticized these rules, but because there’s such a lack of criticism and it’s become so normalized, students have no choice but to accept them,” he added.

    Sugiyama has taught at five different schools in Shizuoka prefecture, some 90 miles southwest of Tokyo, over the course of 11 years, all of which prohibited ponytails.

  • #BoycottZara: Head designer’s alleged Islamophobic remarks create viral trend

    Hashtag ‘Boycott Zara’ is trending on Twitter after Palestinian model Qaher Harhash exposed anti-Palestinian and ‘Islamophobic’ conversation with Vanessa Perilman, Head Designer at Zara. Vanessa allegedly sent controversial messages to Qaher in response to pro-Palestine posts by the model from occupied east Jerusalem.

    The alleged message sent by Vanessa to Qaher said: “Israelis don’t teach children to hate, nor throw stones at soldiers as your people do. The people in my industry know the truth about Israel and Palestine and I will never stop defending Israel. People like you just come and go in the end.”

    “Maybe if your people were educated then they wouldn’t blow up hospitals and schools that Israel helped to pay for in Gaza.”

    “I think it’s funny that you’re a model because in reality, that is against what the Muslim faith believes in and if you were to come out of the closet in any Muslim country, you would be stoned to death,” she added.

    https://twitter.com/nooranhamdan/status/1403380108023545856

    In the most recent wave of violence, Israel’s bombardment of Gaza killed at least 243 Palestinians, including 66 children, in 11 days and brought widespread devastation to the already impoverished territory. On the Israeli side, 12 people, including two children, were killed.