Though the Pakistani traders failed to earn the fair share of the return on the investment capital this year,they managed to sell off 25 per cent of their stock at discounted rates,on the last day of the CII fair.
Despite it being a Monday,the fair at Parade Ground witnessed a huge crowd since morning,and the major attraction at the fair continued to be the International Arcade Hall,where most of the Pakistani entrepreneurs had put up their stalls. The most favourite stalls among the customers were the ones which sold Pakistani-style anarkali suits,khadi kurtas and Pakistani fabric and designer suits,namely Laila Arts,Jan Fabrics,Gul Ahmed and Mask Promoters.
In order to clear off the stock on the last day,the suits which were priced at Rs 8,000-9,000 on the first day of the exhibition were sold at Rs 4,500. The rings earlier priced at Rs 450-550 were sold at Rs 100 on the last day. One of the jewellery stall owners,Rana Arshad said,Its because of the jewellery that we are saved this year. Otherwise,we have a huge stock of jutis piled up as there were no buyers this year. Till the last minute,girls kept coming up to ask for the rings,bracelets and artificial sets. Being the last day,we kept a 40 per cent discount.
Customers were also found bargaining with the stall owners. While the khadi kurtas at Mask promoters,priced at Rs 650 on the initial days,were sold at Rs 500,the owner said that by 8pm,the rates of the kurtas would come down further.
One of the Pakistani traders,Waheed Gul,said: Last year,we were the only exhibitors to clear our stock in two days,but this year,we couldnt sell even 60 per cent of out stock in four days. It is very difficult to take back this whole stock,which is why we have to sell it off at throw-away prices.
The traders also complained of the short duration of the exhibition this year,which is why,they said,they couldnt finish off their stored stocks.
Till last year,the exhibition used to be for five days,but this year it was a four-day exhibition.