Raymond opens its doors to Pakistani customers in Karachi

Image
Press Trust of India Karachi
Last Updated : Jun 21 2013 | 7:45 PM IST
Raymond, a well-known clothing brand, today became the first Indian outlet to open its doors to Pakistani customers in the posh locality of Clifton here, a move lauded by business community as a step towards closer trade ties between two neighbours.
The Indian suiting and fabrics conglomerate formally opened its first shop in Pakistan's financial hub without much fanfare although back page ads of the opening were prominent in the morning newspapers.
Najmus Saqib, a director of NexSource which has got the right to run the Raymond outlet in Pakistan, said he saw the opening as the first step towards more Indian brands coming to the Pakistani market.
"The interest from our clientele has been very encouraging and it does not surprise us because Raymond is also known internationally and has some 40 international outlets," he said.
"I also see this opening as a small step towards more free trade between the two countries," he said.
Saqib said Raymond had shown interest in entering the Pakistan market initially and they took up the challenge.
"In Karachi and Lahore the wealthier and upper middle class people are very conscious about their appearances and business and casual suitings are always popular in our city," model and television host Ali Saleem said.
Saleem pointed out that Raymond was already well known in Pakistan because of the craze for Indian television in the country.
Amin Hashwani, president of the Pakistan India Business Forum, said the opening of the Raymond outlet was a positive sign for business and trade between the two countries.
"We have always stressed for equal opportunity for business community in both countries. People should not be surprised by opening of Indian brands and outlets because Indian films are already doing great business in Karachi," he noted.
Nexsource say they plan to open more Raymond outlets in Islamabad, Lahore and Faisalabad before the end of the year.
Customers at the Emerald Towers where the Raymond outlet opened appeared curious to check the quality of fabrios and suits on display.
"We have Lawrencepur our own brand which is very popular so it is will be interesting to compare the two including quality and the pricing," said Ali Hashwani, a businessman who visited the outlet.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 21 2013 | 7:45 PM IST

Next Story