Flagship Indian clothing retailer Raymond – the Suits and Fabrics Conglomerate opened its first store in Karachi on Friday, June 21st, 2013.
Raymond’s first outlet is located in Emerald Towers, Clifton, one of the most upscale neighbourhoods in the business capital Karachi.
Najmus Saquib, one of the Directors of NexSource Pakistan which acquired the rights to sell Raymond in Pakistan said ” The interest from our clientele has been very encouraging and it does not surprise us, because Raymond is also known internationally and has some 40 international outlets. I also see this opening as a small step toward more free trade between the two countries “.
NexSource has plans to open more Raymond outlets in Islamabad, Lahore and Faisalabad.
Amin Hashwani, President of the Pakistan India Business Forum said ” the opening of the Raymond outlet was a positive sign for business and trade between the two countries “.