Buying and Sourcing Houses: TDAP organises symposium

Commerce secretary highlights importance of increasing exports

KARACHI: The country’s first Buying and Sourcing Houses Symposium was held in Karachi on Monday, organised by the Commerce Division and Trade Development Authority of Pakistan (TDAP).

The event attracted representatives of buying houses of leading retail chains and international brands based in Pakistan. Speaking on the occasion, Commerce Secretary Mohammad Younus Dagha stated that buyers and sourcing agents play an important role in enhancing exports of a country by acting as a bridge between manufacturers and foreign buyers.

“The latest international trends in products especially textile, leather and footwear are set by sourcing agents as per demands of foreign buyers,” Dagha said. The participants also shared constructive proposals on how to make Pakistan an attractive destination for sourcing by international buyers.

They proposed that sourcing parks should be set up in the country where all facilities required by the buying houses are provided through a one-window facility.

It was also highlighted that in the past many buying houses relocated out of Pakistan due to security situation, with participants urging for incentives like subsidised office space to attract them back to the country since the security situation has improved.

Published in The Express Tribune, March 29^th, 2018.

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