Qaseem Jaffri, the country head of Germany-based export financing company DS-Concept Factoring has said that exporters can get rid off severe financial stress through the company’s services. He said this while addressing a seminar organised by Towel Manufacturing Association (TMA) at the TMA House.DS-Concept Factoring is a unique concept providing its services in Europe, USA, Middle East, Turkey, Egypt, Bulgaria, Hungary, South Africa, Canada, New Zealand etc. Jaffri told the audience that DS-Concept Factoring pays 80 percent of the total amount of invoice value to the exporters after three to four days of shipment upon acceptance from the buyer. He said that the factoring services are not expensive and are affordable for Pakistani exporters as well. “If the Pakistani exporters would like to secure their foreign exchange, they should factorise their shipments in future,” said Jaffri, adding that factoring services not only secure the foreign exchange but also assure the credibility of exporters among the financial institutions especially the State Bank of Pakistan.
