Increase in Textile Exports During & Past COVID in Pakistan

Increase in Textile Exports During & Past COVID in Pakistan

Increase in textile exports during and post COVID in Pakistan

Have you ever thought that the textile industry is considered the biggest developed industry in the region of Pakistan? Yes, that’s a fact. Let’s see how?

Pakistan is working as the eighth biggest exporter of textile supplies in Asia. The textile sector can add 8.5% to the GDP of our country. Moreover, this sector contributes approximately up to 45% of the whole labor force in the country. Not only this but Pakistan is the fourth biggest manufacturer of cotton with the third biggest whirling capacity in Asia after China and India and adds 5% to the global spinning ability. Furthermore, the textile industry is the major progressive field in Pakistan and by taking some good and consistent decisions Pakistan can become a top exporter in this sector.

Impact of COVID-19 on Textile Exports

COVID-19 which is most formerly known as the coronavirus was first identified in Wuhan, a city in China in December 2019. After this, it got widespread in other countries and affected up to 42 million people. This in turn resulted in a massive death count of nearly 1.1 million. The major countries that have been affected by this viral disease include the USA, India, Canada, Spain, Malaysia, Italy, France, Germany, and the UK.

Not only this but COVID-19 has disturbed many sectors and affected almost every country. No one can ignore the massive losses that occurred because of COVID in the field of economy, health sector, and many more.

Specifically talking about the textile sector of Pakistan, the Textile field is considered the backbone of the economy of Pakistan. Moreover, Pakistan majorly exports supplies consisting of textiles, cereals, leather, clinical apparatuses, chemicals, etc. This in turn increases the revenue for Pakistan.

Export Situation of textile during COVID-19 pandemic in Pakistan

Pakistan’s textile industry division has gone over diverse challenges during the time of the Covid-19 epidemic issue. During this critical time, the Pakistani textile sector has faced some ups and downs throughout the pandemic span. The export reduced from 12,782,608 thousand dollars to 13,580,585 thousand dollars during 2019.

The reason behind this decline is based on different factors which include modifications in the financial and economic policy created at the federal level, termination of orders, and delivery delays because of globally imposed lockdowns.

Although the Textile sector remains progressive even after these challenges because many orders from India, Bangladesh, and China have shifted to the Pakistan textile industry, surging the order rate up to 60%.

Not only this but due to the severe onset pandemic in China, most of the orders got shifted to Pakistan. This proved a little beneficial not only for the country but for the economy and textile industry too. To boost the textile field Government of Pakistan has taken many worthy decisions to tackle the challenges of COVID-19 and gain more international orders. Hence, we can say that during this pandemic period, Pakistan has successfully beaten India, China, and Bangladesh.

Textile Exports in COVID: Government Policies

The government of Pakistan tried to overcome problems by implementing different policies for the industry. Some of them include a decrease in policy rates, refinance policies to upkeep employment level and avoid layoffs, decreasing taxes at the federal along with regional level, upgrading of digital payments, dropping utility costs, the short-term discount of social insurance payments, and upkeep initiatives unpromising layoffs along with online payment method by State Bank of Pakistan and also by commercial banks.

These policy measures proved fruitful, and they helped the textile sector to strengthen day by day.

Export Situation in textile sector after COVID-19

Moving on, Pakistan’s textile exports flowed high by making $6.04 billion in profit in the first four months (July-October) of the economic year (2021 to 2022) which increased revenue in the value-added sector.

Now, Pakistan’s textile export is believed to stand at $4.76 billion in the last financial year. However, it is important to note that these facts are provided by the Pakistan Bureau of Statistics (PBS) and the All Pakistan Textile Mills Association (APTMA).

According to figures provided by PBS and APTMA, the export of textile products recorded a 25.6 percent development in October during 2021-22. Whereas export of textile goods displayed a development of nearly 9 percent beside $1.49 billion export in the previous month of September of current economic year.

ATPMA which is considered the leading representative body of textile mills in Pakistan accredited that the outstanding development in the export of textile goods to subsidized energy cost, gives the textile sector in Pakistan a big relief and the motivation to flourish more.

Furthermore, the export of Pakistani textile has touched new heights in the last couple of years. Thankfully, the COVID-19 situation is much better, and restrictions are uplifted from the whole world making it a better chance for the textile economy to flourish.

If Pakistani textile wants to remain in the competition and earn a name in this industry then Government is suggested to provide relief packages to local industries so that they can work with more devotion and Pakistan can earn even more profit. 

Triple-M Group of Industries

There are private sector companies that are doing well in the field of textiles and increasing export from Pakistan. If you are associated with the field of textile, then you surely have listened to the name of Triple-M Group of industry.

We are known as one of the most reliable, highly experienced, and proficient with skilled labor and staff and complete every order with full dedication. We have expertise in this field with an experience of 47 years and completed all the orders as per the demand of clients.

Our dedication and hard work made it possible that the company is progressing exponentially in this field. Moreover, our business is not merely confined to the making and production of yarn, attires, fabrics, outfits, and home textiles. We have also earned fame in the field of Real Estate like housing and commercial progress along with dedicated software development companies. Do you want to know further information about the Triple-M group of industries? So let’s start.

Expertise field of Triple-M Group of Industries

Triple-M Group of Industries has local customers and also worldwide like Pakistan, India, the US, UK, UAE, and many other countries. Customers either local or foreign are consistently placing their orders because they are satisfied with the services of Triple- M Group of Industries. Our industry is flourishing and growing rapidly in the following sectors.

  • Textile 
  • Real Estate 
  • Technology 

Triple-M Group of the industry has gained clients’ trust in all these three fields which ultimately make those customers their permanent clients. All facilities provided by us is according to the requirement and needs of their customers, so they get what they expect from us.

Al-Karam, a subordinate of Triple-M Group of Industries

Al-Karam import & Export is a subsidiary project of Triple-M Group of Industries that deals with Women clothes. Majority of its vendors are from Dubai, India and UK that import women clothing.

Final words

Pakistan is an under-developed country and lacks in different fields because of the improper and inconsistent policies of the government. The textile sector in Pakistan is considered the strength because in this field Pakistan is making progressive and top-notch products, but due to the carelessness of the government and not providing resources to the local industrial sector, Pakistan is also lacking in this domain for many years. 

However, during the pandemic, many competitors remained under severe restrictions like China, India, and Bangladesh and their orders shifted to Pakistan which provided a golden opportunity for local industries to earn more profit. 

Now as the condition of the pandemic is much better and now those competitors’ countries are coming back to the market, the Pakistani government needs to give attention and provide consistent guidelines and relief packages to local industries, so they work in a comfortable environment and produce quality-oriented items to beat competitor’s product in the international market.

Some expert industries like Triple-M Group of industries are doing well in this field and dominating Pakistan in the international market. Government should appreciate such industries and encourage them so they do more than today and make Pakistan a progressive country.

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How to Hire in House Development Team

How to Hire in House Development Team

How to hire in house development team?

Software house works to provide software products to companies, businesses, and academics. The functioning of the developed software is based upon the requirements of clients which makes every software different from one another. So before starting the software development, it is very important to have a detailed meeting with clients to know about their requirements and the end product they want from the Software Company?

So, we can say that it is a two-way process making the active participation of the client mandatory at every phase of development. This helps him to know that whether the required software is developing according to his directions and expectations or not.

As far as technology services are concerned, Softigh cannot be ignored. It is a subdirectory of a well-reputed Company named Triple-M Group of Industries. Not only this but it is a technology hub that offers the latest services and provides the most innovative and cost-efficient solutions to its trustworthy clients.

The sole objective of Softigh is to convey all the important software solutions to its respected customers. Moreover, our well-qualified team consisting of Graphic designers, web developers, android application developers, UI/UX designers, system programmers, front-end, back-end full-stack developers, and many other supporting staff members are dedicated to completing projects in time according to our valued client’s demands.

For accomplishing the assigned projects, the whole team works as a family. Their cooperation and dedication makes it possible to develop complex software successfully. Each person in the team has his contribution which cannot be ignored.

Moving on, we will be talking about the hiring process of this top-rated software house. So, if you are interested, scroll down, and start reading.

Hire in house development team – Exact Procedure Revealed!

Before you choose to develop an application or software, there are different factors that you have to keep in mind. There is a need for a creative, expert, and dedicated software team that assists in fulfilling your dream. So, if you want to succeed, you need to have an expert team of developers because that team works as the backbone of your company. Therefore, it is essential for you should hire a team with great care and responsibility.

Qualities of a Candidate – What to look for?

There are certain expectations that a company has while hiring the development team. Following are some of the most important qualities that a candidate should have in order to get hired by the software company. Let’s check them out.

i. Problem-solving approach

ii. Ability to bear pressure

iii. Have strong communication skills

iv. Optimist and passionate

v. Strong grip on their field

Phases of Hiring process – Tips you can’t afford to miss

The hiring process revolves around some stages. Let’s have an overview of all these stages and requirements.

  • Pre-employment screening

A pre-employment screening also known as the pre-screening interview is a sequence of basic questions that makes the interviewer know some basic information of candidates, before switching to an extensive interview. The pre-screening interview takes approximately 15-30 minutes.

  • General Interview Phase

This stage includes certain questions regarding your complete introduction, questions regarding the IT field, your experience in the field, and top projects you have completed during your career. This gives the interviewer an idea of whether you are eligible to shortlist for the next stage or not.

  • Panel interview phase 

If you have passed all the previous interviews, then you are called for the next interview step. In this phase, a group of interviewers will ask some field-related question, discuss the company’s expectations with your applied designation seat, and give you chance to ask questions about the company if you have any. Moreover, the panel may assign some tasks you to do to check your command in your field. After this phase, the company will be confident in taking a decision either to select you or not.

  • Job Offer

If you have fulfilled the job selection criteria then the company will hire you and will issue an appointment letter as soon as possible.

IT Job Opportunities with Softigh

Different job opportunities are available for individuals having IT background. Many software houses like Softigh which is a well-known IT Company hires candidates for different posts mentioned below:

1. UI/UX designer

UI/UX designer’s job responsibility is to produce attractive, beautiful, and eye-soothing user-friendly interfaces that allow users to understand how to use any complex or technical application. Not only is this but he is also responsible to design interfaces for different products. Provide a complete guidance document to the client that can guide step by step to the user to avoid any technical problems.

2. Graphic designer  

A famous quote is: “Images speak louder than words”. If images are beautifully designed it attracts the attention of people and no one can do this better than a graphic designer. An expert graphic designer can design sophisticated, innovative, and impressive logos for companies that are expressive and relevant to the nature of any company or brand. 

3. Application developer

A person having a passion to do coding and enhancing his skill over time is more successful and considered by companies. Complex coding in different languages like c#, c sharp, java, python, c++, and expertise in Kotlin is much needed to develop an application, android apps successfully.

4. Web developer 

Every business or brand has an official website in which they share recent updates of their business with their clients. A website that manages huge traffic without being crashed is the demand of every business and this is the responsibility of web developers to build innovation. Usually, companies hire web developers separately for the front end and back end and their expertise is slightly different from each other.

5. Front end developer

Front-end development emphasizes the visual features of a website or app that a user will cooperate with. Companies like to hire front-end developers having proficiency in Django, HTML, JavaScript, CSS, and many new flexible apps with a wide variety of applications.

6. Back-end developers

A back-end developer has a different job than the front end and is considered a little bit more complex. His job is to manage and interact server and internal side of the website. His capabilities must be on the side of the database known as SQL language to interact effectively with database, PHP, and Ruby.

7. Full-stack developer

A full-stack web developer possesses the ability to create both client as well as server software. He knows how to communicate with databases, servers, and browsers. In case of any technical glitch, he is the first person to be considered to resolve it.

8. Search engine optimization (SEO) Jobs

SEO is the procedure of receiving traffic by free, organic, or natural search results in search engines. Its objective is to increase the website’s position by search results. The above the website is listed, the more people will be able to view it and its content.

 Job recruitment challenges in Faisalabad within the sector of IT

In Faisalabad, there are job opportunities in the field of IT within the above-mentioned categories but software and technology-based companies such as Softigh face different issues that are discussed below:

·        Lack of experts

Faisalabad is famous for textiles and there is no such scope for CS-based jobs. So, people, who have deep knowledge about this field started moving towards different cities which has higher scope in technology like Lahore, Islamabad, and Rawalpindi. 

·        No Practical knowledge 

Many people who drop their CVs for the vacancy in a software house have no practical knowledge or experience in their field. There is an immediate need to arrange workshops for them to teach them practical implementation of knowledge.

In addition, many degree holders don’t have those capabilities which have been mentioned in their CV which is another major problem. After interviewing, only 30 out of 100 people have some sort .of practical knowledge of their field.

Last but not least 

These are some major problems that software or IT-based companies are facing in Faisalabad. Due to the underdeveloped area people urge to move to another city to build their careers.

To fulfill the gap of skilled people, Softigh uses the passive hiring process to hire well, skilled, competent, and field expert people in their company to provide respective clients with all those required services for which they contact us.

Final words

Softigh is a reliable, customer-oriented, and dynamic technology hub residing in Faisalabad which tries its best to provide its partners and clients the guaranteed services. Though Faisalabad is not a technology-based city, therefore, it is difficult for companies to hire skilled staff. 

Softigh mostly uses passive hiring methodologies to appoint a competent, skillful, expert, and creative staff. As our company is progressing we need more staff, so we like to hire proficient, capable, energetic, and skillful people who are willing to take on challenges and ease every problem with their knowledge and self-confidence.

Lastly, we work as dedicated, cooperative, and honest members within the company giving every individual a chance to show their capabilities and bring their uniqueness to make the company progress leaps and bounds.

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How to start real estate development company?

How to start real estate development company?

How to start a Real Estate Development Company?

Real estate business is associated with dealing, buying, selling, running, or investing money in property and land. Many successful real estate businesses are running in Pakistan. One of the famous and well-reputed real estate companies Bin Saeed, which is a sub-directory of Triple-M Group of Industries is famous of being reliable, trustworthy, honest, and well-known for doing fair deals with clients.

Start Your Own Real Estate Company – A Short Story

If you are interested in starting your own real estate company, then you might be confused about how to start? If you are a newbie in this field or thinking of just starting your business, then no need to worry since we will provide each and every detail that will prove much useful for you.

Are you are interested in knowing what tips you should follow?  

If yes, then hurry up and start reading.

  1. Establish Your Business Goals

Before stating any project or business you need to know about your goals which you want to accomplish. So be clear about your goals and strategies to achieve them. So, establishing your business goals will prove useful in helping you to stay focused.

  1. Collect In-Depth information

If you want to do successful real estate business then it is very mandatory to get comprehensive information about your business domain. For this purpose, you can get up-to-date information from internet authentic pages, from different market areas as well as from potential experienced competitors. These are some sources that will guide you better and provide a direction.

Furthermore, different areas have different market prices, so it’s better to analyze your competitors and get useful suggestions. Never think of taking these vital decisions alone and always do a proper research on it.

  1. Plan and take actions according to your Finance

Another important thing is that you should keep your current financial condition in your mind when you are planning of the next step. It is a vital step that you cannot neglect in case you want the entire process to accomplish smoothly.

If you’re low on money, that’s not something to worry about. You can simply become a business partner with some experienced person in a concerning field.

At this initial stage, it is better to partner with an experienced person. It will ultimately benefit you in minimizing risk of loss and help you in getting experience.

  1. Polish Your Business Strategy

Once you have accompanied an adequate level of research, surely you should have started framing ideas and direction in your mind on exactly how will you accomplish your goals.

  • Formulate a Real Estate LLC

LLC is an abbreviation of “limited liability company” representing a business structure build-up to prevent business costs from meddling by an investor’s finances. This rank permits investors to buy and possess real estate, without the involvement of personal liability. It should be noted that charges and related rules and regulations vary from state to state while launching an LLC, however, the general process is mainly the same as mentioned below:

  • Authorize the principles in your concerned state before taking start.
  • Select an innovative, attractive, and unique business name.
  • File an Article of Organization within your associated area.
  • Generate an operating contract for your business.
  • Issue an intent to file if needed in your area.
  • Noteworthy Business Marketing strategy

Marketing is very important, and half of your success depends on the good and relevant marketing of your business, product, or brand. So, this phase requires great attention and interest. For your marketing campaigns, you also need to think about the business logo along with its associated core values.

These modules will help you in reaching maximum customers. Here are some tips that will help you in promoting your business and reaching targeted audience.

  • Social Media
  • Email Campaigns 
  • Billboards and Ads 
  • Networking
  • Build your Business Website
  • Promotion Campaigns tips

Your patience and consistency are very essential in upbringing your business. As you know well in this era of competition you need to work hard and remain persistent to achieve your dreams. While being consistent you should also be active so that your customers do not switch to any of your competitors. These are the most important tips that you should follow because they work as supplements. If you ignore them people will not know about your business which will demotivate and gain no success in your business.

Is Real Estate Business Worth it?

Before starting any business, every person thinks of the profit. You might also be thinking about it that whether this real estate business will bring profit or not? The simple answer to this question is, yes but only if you will tackle burdens and hurdles wisely.

So a common way to make the real estate business profitable is through Appreciation. Appreciation is a term defined as an increase in the value of an asset over time. The asset may be residential properties, commercial properties, plots, or houses. The increase in prices can occur because of different reasons, such as an increase in demand with a decrease in supply. You can attain profit in the real estate business by selling your property after it rises in value or you can earn money by giving your property for rent.

Triple-M Group of Industries – A comprehensive introduction

Triple-M Group of Industries is one of the most progressive business company working in Faisalabad, Pakistan with a huge experience of over 47 years. In these years of working, we worked transparently without compromising on our core values. We worked with transparency, honesty, and dedication to our all projects and magnificently achieve success in them. This is the basic reason behind our customer’s firm trust in us.

Our Success Story

Success is not a piece of cake, it is a long-running process that you complete with dedication, patience, and providing the best to your clients so their trust is built on you. We have mentioned all steps, gaining profit tips, and the same hurdles that you might face.

Triple-M Group of Industries has gained success after passing through many difficulties and facing many hurdles. So, we advise you to keep struggling and one day you will achieve what you want.

If you are curious to know more about us, then we are sharing some important information just scroll down!

About Bin Saeed –  Facts that you should know

Bin Saeed is a sub-directory of Triple-M Group of Industries that has done successful projects in different sustainable cities including Lahore, Multan, Peshawar, Bahawalpur, Quetta, and Gujranwala.

Moreover, our main concern is to make deals in selling Plots and houses. With an experience of more than 10 years in the real estate business, Bin Saeed real Estate company’s has made it the top most priority to work with honesty, dedication, and hard work. This ultimately make us the most reliable company among our clients. Over many years in the career, Bin Saeed has been known to provide the best services to their clients. Not only has this but the clients themselves appreciated the efforts of the company as they are satisfied with our work.

Specialties in Real Estate 

Fortunately, Triple-M Group of Industries understand issue in real estate sector and provides sincere services to their clients. You will find that all services by Triple-M Group of Industries in this sector are satisfactory and reliable. Our sub-domain dealing with property-related matters is known as Bin Saeed Estate which always remained in side of their respected clients to achieve their dreams with us. So, let’s check some important details Bin Saeed Estate project.

Many schemes like Zaitoon city, and Marina Sports city along with DHA projects in various ecological friendly areas are dealt with proficiently. Bin Saeed Estate’s hard work, honesty, and dedication have made the completion of the projects possible. In case our clients want to take the suggestions from us, free consultancy is provided to them, so they get clarity on what they want. Furthermore, we are very concerned about our clients and in light of our experience, we provide them with the best guidance.

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