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BARI TEXTILE MILLS (PVT) LTD

Press Release

Why Pakistan’s Textile Sector Needs A Helping Hand?

11 February, 2021

Textile Mills in Pakistan contributes more than 60% of the US 9.6 billion dollars to its total exports. However, presently, this industry is facing a remarkable decline in its monthly growth rate. The backbone of Pakistan’s Economy: While the textile industry of Pakistan continues to be an export cash cow, the national share in the global textile business line has experienced an ongoing contraction, Covid is somehow a reason. But not an only reason to introduce the decline in growth rate. As compared to the last year, Pakistan’s textile exports have shown a 15 percent year-on-year decline in August FY21. This paradox is evidence that the textile industry has limped behind India, China, Bangladesh, and Vietnam in the wake of many bottlenecks, including an overestimated rupee and exorbitant power tariffs. Why Textile Mills in Pakistan experiencing an incessant contraction? This decline’s primary reasons can be the global recession, internal security concerns, the high cost of manufacture due to an increase in energy costs, etc. Depreciation of the Pakistani rupee that significantly raised the price of imported inputs, the rise in the inflation rate, and the high cost of financing have also affected the textile industry’s growth. As a result, neither the buyers can visit Pakistan frequently nor are the exporters able to market the Textile Product Line Business effectively. What is the significant issue around the drop-down? There is also a significant decline in the shipments of the essential textile supplies such as yarn or grey cloth. It is being indicating that the country is exporting more valued products than ever and before. It also reflects a shortage of raw resources for the value-added industry owed due to an extremely poor cotton harvest this year. Besides, the local cotton prices have drawn to a 10-year high due to a sharp droplet of 37.6 PC in the cotton arrivals. By December 3, it ginn to 4.6 million bales as compared to 7.4m bales last year. When was the issue addressed? The concern was addressed when the currency wasn’t able to sustain its artificially uplifted value in Pakistan. However, the cost of electricity remained elevated on that time. For instance, if we remember that the local textile players coerced to consume electricity at that rate of 11.5 cents per KWH at the beginning of the year. The same consumption was available at 7.5 cents per KWH in China. Likewise it was 9 cents per KWH in Bangladesh and 8 cents per KWH in both Vietnam and India. It is quite clear that due to this made it demanding for them to compete for market share against these counterparts. How can Textile Mills in Pakistan overcome this decline? Undoubtedly, Pakistan’s textile industry can again be brought back on the winning track if the government takes serious actions to remove or normalize the hurdles, as mentioned earlier. Additionally, the government should provide subsidies to the textile industry, minimize the internal dispute among the exporters, withdraw the withholding and sales taxes, etc. Finally, Purchasing new machinery or enhancing the quality of the existing machinery, and introducing new technology can also be very useful. It can help increase research & development (R & D) related activities in the modern era are significant for improving a country’s Industrial Growth. It is well said that the domestic sector of Pakistan is already planning expansion in the manufacturing and is ready to invest almost $5 billion across the textile chain to double the exports by 2025. What is the lucrative energy package? The government of Pakistan has in recent times announced a lucrative energy package for Textile Mills in Pakistan to help the exporters of textile recuperate from the Covid 19 shock. The box does away with peak rates of electricity offering reduced tariffs on additional power consumption and fixed power price at $0.07 a unit. Plus, they promise to provide exporters with gas tariff at $0.065mmbtu for their industries. Will Pakistan’s textile product line business bounce back stronger? Pakistan Is the 4th Major Producer Of Cotton In the World! Pakistan’s textile exports seem to have mostly recovered from the pandemic shocks. And yes, It is still growing! Pakistan Bureau of Statistics released the data for the first 4 months of the declined financial year, confirming that the textile and clothing export shipments are back on a growth trajectory in terms of their quantity and dollar value. It is been said that Textile shipments have surged by 3.8% to $4.8 billion from $4.6 billion between July and October, a year ago. The rise in the textile product line business has been a wee faster than ever! It is almost 0.6pc growth in the overall export, as per the studies! The export recovery is found in the knitwear, home textiles, and denim segments. Pakistan’s textile sector back at full capacity Textile companies in Karachi – the single largest export earning sector of Pakistan – have scaled up productions to pre-Covid-19 level of full-capacity, as a significant improvement in the pandemic containment country led the world buyers to divert their orders to domestic manufacturers partially. However, textile production’s much-needed growth is achieved through a big jump in importing necessary raw materials such as cotton and human-made yarn. After the recent heavy rainfall and pest, the attack damaged a notable portion of cotton crops in the fields to a multi-year low. The share of materials export earnings stands at 60 percent per year. Pakistan is about to increase textile exports to $25.3 bn by 2025 “Most exporters are fully booked till March,” said MI Khurram, the chairman of Comfort Knitwear. “The recent rise in shipment is because of strong orders that are placed for the winter season in Europe and US. We are supposing exports to be increased in the coming months.” Further, he concludes: “We see exceptional growth in textile and clothing exports. The confirmed orders are a windfall for Pakistan’s textile sector. How much extended this windfall last? We never know! It is all about trends. It can sustain for ages to come and go, and even it can fizzle out soon. It is all about the way we want to steer Pakistan’s industry into the future.”

Best things to buy from Walmart

04 March, 2021

Best things to buy from Walmart: As one of the largest retailers in the United States, Walmart is home to many different products. You can find almost everything here, ranging from drones to diapers. But with the number of products available at Walmart, it’s easy to lose track and pick up items that are not worth your hard-earned cash. Fortunately, we have done the hard work for you and separated the good from the bad, so you don’t spend on pointless products. So without further wait, let’s begin! Quality of life: Walmart's Home Decor: Bookshelves: These bookshelves will help you tidy up stuff in your room so you don’t spend an hour looking for it through the mess. The assembly is also super easy, requires no technical knowledge or tools, and can be set up by almost anyone. Additionally, there are also a variety of colours to choose from, so you can pick the one that matches your room’s aesthetic. If you don’t like the number of space bookshelves take in your room, then consider floating shelves instead. They are cute, take comparatively less space, and can turn any boring wall into a work of art. Inside these shelves, you can place your day-to-day items, or if you are a plant person, stock them up with beautiful plants decorated in minimal vases. These floating shelves are also available in a variety of colours—brown, dark walnut, white and grey—so you won’t have problems picking one that matches your walls. Dumbbells: Ever since the pandemic hit the States, people are hesitant to work out in public spaces where it’s easy for the virus to spread. The best solution to keep your body in shape while maintaining social distancing is by working out at home. These dumbbells can be great for many exercises for both beginners and experienced bodybuilders, and they also take a minimal amount of space so you can easily store them when you are done. If you wish to conserve even more space than checkout dumbbells with adjustable weights. Smart Plugs: Smart plugs are amazing devices that have gone under the radar for a while now. They work like magic, turning your ordinary sockets into smart ones. This enables you to turn off remotely any device that you connect to these smart plugs. Be it a coffee maker, or a baby monitor, any appliance can be turned off from your phone through a convenient and user-friendly app. The smart plugs themselves are compact and the best part is, that they also work with Amazon Alexa and Google Assistant. This makes them even better as now the devices can be switched off using only voice, becoming an extremely useful gadget for the physically impaired. LED desk lamps: For those who like to read at night, an LED desk lamp can be a great product to invest in. These desk lamps come with variable light intensity settings and some of them come with USB ports too, to charge your devices. They also take less space, making them perfect for smaller rooms giving multiple functions in a single product. Delivery and pickup of Grocery Items: Grocery: Walmart has decided to compete with Amazon in the grocery delivery category with its own delivery services. These grocery items can be delivered on the same day too. Or if you like to pick your own groceries up but don’t want to spend time in the store, then just order online and pick the items completely ready for you. When picking up your grocery, you’ll have to pay no more extra changes but when goods are delivered, there is a delivery fee attached to the price of the product. There is also a subscription service available so you don’t have to pay for delivery. Kitchenwares: Microwave Rice Cooker: For those who didn’t know, it’s not only possible to cook rice in the microwave, it’s also convenient. There are now special rice cookers made specifically for microwave ovens. These rice cookers are made of plastic and come with a lid, a spoon, and lock lids. The plus point of picking one of these is that they cost way less than an average rice cooker, but doesn’t cut back on functions. Picking up one of these will save you time and money, which makes them a worthy buy. Water Pitchers: You can never go wrong with a quality water pitcher. They promote environment-friendly habits as less money is spent on plastics that harm the ocean, ending up in landfills. Some of these water pitchers can be extremely durable, mostly lasting for more than three years. If you are going straight for quality products, take a look at Brita pitchers as they are pretty well made. Quesadilla maker: A quesadilla maker belongs to a list of products that you never know you need until you try them. Toast your quesadilla with ease by simply placing them inside and letting the appliance do its work. Stainless Steel Tumbler: Another product that promotes environmental sustainability, a reusable cup also comes with several other benefits. It keeps hot beverages hot and cold ones cooler for an extended amount of time. Some reviews have even claimed the tumbler to keep drinks cold for up to 24 hours while hot drinks are said to stay hot for an average of 8 hours. This doesn’t seem bad at all considering the price it comes at. Fabric items: Walmart is no longer a place for picking up only simple plain clothes when it comes to fabric items. They now house many famous brands at their store and the prices will make you spend more than you imagine. Quality Fabric Items at Walmart are now available at cheap prices so be sure to check them out when shopping for products such as Bath Towels, mattress pullovers, furniture pullovers, or cleaning textiles. Bath Towels: Why buy expensive bath towels when you can get the same quality for less at Walmart? There are several brands available at the retail store and you’ll definitely find options that are both luxurious and affordable. There are towels of all types, with some being more absorbent while others, quick-drying. Prices also vary according to the material so do your homework and figure out the one you want before making a purchase. Cleaning textiles: Thanks to their great dirt-catching capabilities, microfiber towels have a lot of features that make them perfect as a Cleaning Textile. They easily pick up dirt and microbes, have excellent reusability, are more absorbent and dry quicker than regular towels. They can also be used in a variety of situations such as for scrubbing bathrooms, Cleaning Car Interiors, or wiping kitchen counters. All of these benefits, coupled with the fact that Walmart has an extensive variety of them at adorable price tags, make them a worthy product to pick up. Cloth face masks: With the pandemic going on, cloth face masks are an excellent product to consider picking up when you take your next trip to Walmart. What makes these cloth face masks better than regular masks is that are great at reusability. You can wear and wash them as many times as you like. Just be sure to wash them as soon as you get home to make sure you don’t contaminate your home. These masks come in a variety of different colours which means you can match them with your overall outfit. This way you keep your looks classy while staying safe. There are also different sizes available and they don’t pull your ears like traditional masks, making them a good product to pick up. Branded food items: Food products from famous brands frequently go on sale at Walmart and if you keep an eye on the deals, you can save a lot. Brands such as Kellogg’s, General Mills, and Quaker all have offers and deals on them when you get them from Walmart. So the next time you are planning your shopping list and which contains food items from well-known brands, try picking them up from Walmart as the discounted offers can help a lot in savings. Cosmetics: If you have never visited the cosmetics section of Walmart, you are missing out on a lot. Walmart houses many quality brands and products that are worth checking out. Urban Decay: Urban Decay is well known for its cruelty-free products and the way they show women empowerment. The item we recommend picking up from Walmart is their eyeshadow. The Naked line of eyeshadows is one of the most famous products in the cosmetic world today, and they can be picked up for an affordable price tag at Walmart. Philosophy: A brand focused on simplifying skin-care routines, Philosophy also has a great line of products you can pick up at Walmart. The one we would recommend picking up is their Purity Made Simple Cleanser. This cleanser has won awards for its performance and can be used to remove makeup and tones. It also leaves your skin hydrated allowing for plain smooth skin. MAC Cosmetics: Walmart also has many products available from MAC but the one worth pickup up is the Retro Matte Lipstick. This lipstick gives your lips a beautiful finish and it also lasts longer than other lipsticks in the same price range. Try to get a hold of the shade 702 ‘Dangerous’ if you want your lips to shine in a bold red colour. Coty face powder: Don’t you hate it when shine shows up in all the wrong places, affecting your overall look? The Coty face powder controls the shine and gives your face a natural-looking glow. It can be used by itself, or under a powder or liquid foundation. It effectively competes with face powders double its price, being an affordable option for skincare. Paper goods: Walmart can have great options for toilet papers as you’ll see a variety of them by different brands. This can particularly be helpful if you don’t have a toilet paper membership elsewhere. The options available at the retail store are many and they are also cheap. Additionally, Walmart also has its line of toilet paper named ‘Great Value’ toilet paper which you can pick up at a low price tag. However, we would advise you to go for other brands in the same price range as they fair better in terms of quality. Early Holiday decorations: Holiday Decorations: If you are one who likes to buy all their holiday decorations early then Walmart is the right place to pick them up. This is because compared to other stores, Walmart stocks its holiday decorations quite early. The best part is that prices remain competitive so you won’t be paying more for something that probably isn’t worth that much. You could wait for the holiday season to be over, to get an even better price at these decorations but by then most of the products have either been finished or are available in undesirable colours. So if you want to get prepared early for a holiday season, then stop at your nearest Walmart to stock your supplies up. School and office supplies: Walmart's stationaries: Generally, stationery items will be cheaper at Walmart at the base price compared to other stores. The story is different if there is a sale going on similar stores for office supplies but as long as no discounts are being offered, Walmart is the place to pick up these office supplies for the cheapest price. Another plus point for picking them at Walmart is that they often offer bundle deals that include several pens bounded together for a significantly low price. You can even pick up notebooks for as little as 25 cents. So when going for your stationery shopping, check out if other stores have deals on them and if not, pick these supplies for cheap at Walmart.