Retail Sector Crisis in Pakistan - Corona virus Pandemic Crisis - 2020

Retail Demands Liquidity Support 

As due to corona virus pandemic Pakistan Retail Sector is appealing federal government to extend liquidity support to stabilize country’s economy. Retail sector has listed four demands by notifying that if these demand don’t fulfill than there will be serious consequences on the economy in future.

Retail Crisis in Pakistan 2020

Remember that our retail sector contributing 33 percent to the services sector and also 16% employment is dependent on this sector. With a huge financial contribution, retail sector also linked with value addition and skill development.


The Retail sector demands are mentioned below. 

Chain-store Association of Pakistan (CAP) has requested government to facilitate direct wage support to 600,000 employees of the organized retail asserting that it is their first priority to keep on skilled workforce.

CAP also insisted government to provide financial support to them as retailers process salaries to a huge number of employees and to avoid lay-offs.

Current GST rate is also very alarming as 14% - 17% tax is seriously very hard for retailers to deal with it in this crises. CAP demanded GST rate up to 6% asserting that businesses would not be manageable with reduced purchasing power in the country.

They requested to defer principal payments and renounce interest payments for a year and also demanded interest free and low cost loans further against the current assets.

Keep in mind, Retail sector is linked with over 50 sectors including weaving, tanning, spinning, dyeing, processing, stitching, packaging and assembling business sectors. Advertisement, logistics, HR, IT and commercial construction industry are closely associated with this sector.

We hope government will take measures to facilitate this sector rapidly. As retail industry is backbone of our country’s economy.

 #StayHome #StaySafe

 #retailChapter #retailcrisisinpakistan #retaildevelopment #retailcrisis2020

Top 3 Brands in Pakistan

Comments

Post a Comment

Popular posts from this blog

Case Study " Cafe2u" World's Best Value Franchising System [Low Cost High Profits]

Image
Case Study " Cafe2u" World's Best Value Franchising System.   Low Cost High Profit Business Model   Written by Mohsin Ilyas, Retail Professional In 2000, first mobile cafe concept was introduced on northern beaches of Sydney Australia. The purpose of this concept was to test potential profitability and this new mobile cafe concept acceptance. This concept gained highly attraction because it was low cost cafe by no rental costs and can easily relocate anywhere. There was need to grow this new concept in different locations. So later in 2004, business was purchased by current owners, who worked on restructuring and repositioning of this new concept. In 2004, Business was purchased by current owners and they started to grow this new concept by restructuring and repositioning the business for longevity including: Design and feel of “Cafe 2 u” Brand as they train their staffs about customer services , customer experience management an...
Read more

5 Steps | Customer Services | All About Retail | Mohsin Ilyas

Image
Retail Growth & Customer Services Retail growth depends on customer base, their footfall rate and our ability to convert them into sale. All it happens by giving excellence customer experience done through best customer services consistently for a long period. In retail , there are number of alternates of you in market who are offering range of products but what is most important for you is that how do you make customers feel important or valued? Customers don't remember Who are you ? but they remember how do you make them feel Five basic steps of customer services that can increase Customer Retention Rate and Conversion are below . Greetings   Vary Greeting techniques instead of speaking the same script to every customer every time is very important because it shows your Brand Authenticity . Sales associates should greet in a variety of ways because it allows the associate to share the Brand Values. How's your day going? Show you recognize them  ...
Read more