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Textile industry look for issuance of SRO on zero-rated regime

Related Keywords: boost exports, budget announcement, export oriented industries, issuance of Statutory Regulatory Order, Pakistan Finance Ministry, retail sales, Sales tax, value added textile industry, zero rate regime

The Finance Minister Ishaq Dar after announcing zero rate regime in the budget on 3rd of June for export oriented industries to boost exports, a long standing demand of the value added textile industry. Textile industry is now waiting for the issuance of Statutory Regulatory Order (SRO) on zero-rate regime for export-oriented industries.

Pepe Jeans to foray in new segments to double sales in India in next 3 years

Related Keywords: branded outlets, denim and casual wear jeans brand, double sales in India, first standalone kids-wear store, foray into new categories, franchise model, MBOs, Pepe Jeans London, plan to increase its stores, retail sales

Pepe Jeans London a denim and casual wear jeans brand which has 200 stores at present in India, plans to increase it to 450 to 500 in both metro cities and growing tier II & III places, while putting more focus on its own branded outlets. The idea is to double sales in India between Rs1,400 to Rs1,500 crore in the next three years on the back of foray into new categories such as footwear and kids-wear besides store expansion, said Pepe Jeans India CEO Kavindra Mishra.

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