SEMINAR IN BUSINESS COMMUNICATION

Presented to : Mr Iqbal Diwan. Presented By : Mujtaba Khaliq.

Buying House (Veri-Tex)

Incorporated in 2006, Veri Tex is a well recognized Textile Sourcing, and buying company. The agency is headed by Zia Khaliq & Irfan Ali, who have vast experience & association with some of the leading Manufacturers and of course some highly reputed importers word wide. Situated in the City of lights, Karachi - is a wellestablished textile sourcing agent, and "one stop agency" for sourcing various products from all over Pakistan. We source different quality products ranging from Bath Towels to bed sheets.

Products Hand Towels. Bath Towel. Bed Sheets. Bath Sheets.

Pakistans Textile Exports by Major Categories

Reasons
Cost of Production, Fluctuation in Yarn prices, Technological backwardness, Power and energy shortages,

Cost of Production
Cost of Production increased due to war on terrorism, Flood, unexpected fluctuation of the yarn prices and international financial crunch,

Fluctuation in Yarn prices,

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Technological backwardness,
New and advance technology has resulted in competition around the world and now efficiency and productivity are important factors for a nation. Pakistans 80% textile industry is SME using traditional methodologies and machinery resulting in low performance of man and machines.

Power and energy shortages (1) Electricity

12 10 8 6 4 2 0

Power and energy shortages (2) Gas

The Sui Northern Gas Company Ltd (SNGPL) announced load shedding schedules never met the expectation of the manufactures and also not strict on the schedule being announced. According to official of All Pakistan Textile Mills Association (APTMA) 60 to 70 percent of the industry has been badly affected and was unable to meet

High interest rates

Pakistans monetary policy for industry is very much tight. There is almost 14% high mark up rate coupled with 20% inflation results in the higher cost of doing business. This also results in the non competitiveness of the product prices and so reduces the market share.

Market Access
Pakistan was the Asian player before 2000 but due to the internal problems, it starts loosing the international market share. Nowadays, main market of Pakisatn is USA and after that Europe. There is need to explore japans market, Middle East and some countries of the Europe union with better GPS level (like

Impacts
We are not fulfilling buyers orders on time. We are unable to offer competitive cost offer to our buyer. We are not in position to compete other countries buying houses globally, In these circumstances it is impossible to meet Break-even point. Due to all these problems discussed

We Are Closing Buying House

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