Zara Starts A Buying House In Pakistan
Zara has opened a buying house in Pakistan. It is expected that the group Inditex will double its imports from the country. Set up in Karachi, the maiden Pakistan-based buying house is expected to facilitate robust growth in trade between Pakistan and Spain in the coming year or two, further fueled by additional technical collaborations in textiles and design. The move is in keeping with Inditex’s global growth plans. The company opened stores in 52 markets in the first nine months of last year, and it launched its zara.com platform in India in October, a market it would be easier able to serve awith goods coming from Pakistan.
Pakistan’s exports to Spain at $405 million for the five-months from July to November 2017, and estimates for December so far indicate that they’ll reach the $550 million mark.