House of Braahtii International Artisans Collaboration Platform comes to Sri Lanka
House of Braahtii, the mother company of Shaan-e-Pakistan started in 2006 and the Creative Director, Huma Nasr for both the companies aims to escalate culture tourism through fashion and crafts. She works with Pakistan local artisans and also International, hence bringing all cultures together to cherish and aim campaigns TOGETHER WE GROW.
House of Braahtii is a parent company of Shaan-e-Pakistan and has done major events in the International Arena taking hundreds of people to different countries and the International world and escalating them on the international platforms.
This campaign aims oneness and creating brand collaboration also working with artisans and crafters to create her own brand House of Braahtii by giving opportunities to local and international artisans and amalgamation of hand work and inspiration from the world specially Pakistan, India, Turkey, Bangladesh, Lebanon and Sri Lanka to be the top as Huma Nasr aimed to do an expo with best International Designers, Fashionistas, Food and Musician but due to Covid, the event was shelved. With her aggressive passionate drive and comeback, she created some great cause to escalate the great TOGETHER WE GROW campaign. Hence doing in Pakistan and now entered the Territory of Sri Lanka as she thinks to expand her vision to connect likewise the community and target audience who loves Pakistan fashion. We want to share the best pieces of House of Braahtii in Sri Lanka so we may cherish and encourage more and more craftsmen from Sri Lanka to Pakistan and Pakistan to Sri Lanka by exchange of fashion and improvise trade between both countries and hence increase economy and culture and tourism.
As Huma Nasr says,
“Only Fashion is the Key and textile and sustainable fashion movement transcend between each country and we may support each other as countries and build community through our fair share as individuals”.
House of Braahtii being an International Brand came up with it’s latest collection HUZOOR GEE. After a successful business venture in the USA, now she is showcasing in Sri Lanka, Colombo for the outreach to the clients for the Festive Season and creates Brides and Pret collection to show and sell. Huma Nasr creative direction justifies the Fashion by diversity and bringing the Ghararas, Jamawar, Bridal, Mehndi Mayun suits, and Indo fusion cuts also to be showcased and as her culture collaboration love of fashion.
She created Serong, the National Dress of Sri Lanka in her own way and designs and material from Pakistan so foreigners and also local Sri Lankan can enjoy and experience some fashion exchange and also fashion designers to introduce new era and may we have a chance to interexchange our fashion and there’s apparently growing together. We also invite Sri Lanka Designers to Pakistan so we may cherish each other’s culture through Fashion and Textiles. Not just this, she also has an eye to work with best jewelry artisans and she has her limited edition series to showcase and create opportunity to buy as travelling logistics has been difficult so she thinks these kind of minimalist quality fashion events and exhibition can keep our industries alive and we may not just exchange our design but also interexchange our visions and create international opportunities. We also may extend highest regards to the culture minister and tourism industry of both countries and we as individuals can be proud to be Pakistani and also honour Sri Lanka as our friends and likely to do more such activities in future.
Huma nasr at the end also would extend thanks to all supporters, sponsors and collaborators who believe in the same vision and support the International Brand. We may also soon re-announce our event PROMISING SHAAN-E-PAKISTAN SRILANKA MARCH 2022 which was supposed to be held in 2020. Our movement of spreading Art, Fashion, Music, Food and cherishing ideology and promoting culture and tourism is what Huma Nasr aims to do.
‘Govt. lacks mechanism to recover USD 40 billion spirited out of SL from 2008 to 2018’
By Hiran H.Senewiratne
The government doesn’t have any mechanism to recover the USD 40 billion that was siphoned out of the country illegally from 2008 to 2018 by Sri Lanka’s business elites, Senior Lecturer, Department of Economics, University of Peradeniya Dr. Kalpa Rajapaksha said.
“Most people think that the IMF loan is a victory for Sri Lanka without knowing its risk factors. These are exceptionally high because one of the main impacts would be for the banking sector whose liquidity is due to weaken on account of high tax impositions and certain economic reforms, Dr. Rajapaksha told The Island Financial Review.
Dr. Rajapaksha added: ‘The tax relief given during President Gotabaya Rajapaksha’s tenure triggered this issue, which cost government coffers more than Rs 450 billion. However, Sri Lanka has to carefully follow IMF recommendations taking its history into consideration. It is said that Greece and Ethiopia and several other countries absolutely failed by following IMF recommendations in the past.
‘We are in the dark as to the method of economic recovery because the government is attending to deeper, burning issues in the country, such as reduction of poverty and ending economic inequities.
‘The imposition of heavy taxes on people, especially professionals, via a wealth tax and a heritage tax by 2025 and the increasing of direct taxes, such as VAT, on low income classes, without taking into account the need for a wage hike, will iraise the poverty level and widen wealth inequalities.
‘Inflation at the global level is very high and strategies are required to increase exports and cut down the heavy import dependency of the economy. This is a prerequisite to address all economic woes.
‘The previous ruling party squandered and stole billions of dollars but the present government not having any plan to recover that money is a tragedy. Therefore, promoting neo- liberal principles is impossible under the current corruption scenario.
‘Further, the IMF has set the target of reducing the debt to GDP ratio to 0.7 per cent in 2023, along with their recommendations. Many people doubt the achievability of these aims.’
Global banking sector instabilities affect local bourse
By Hiran H.Senewiratne
CSE trading got off to a positive start but later turned negative yesterday due to huge selling pressure. The reasons being investor worries over a domestic debt restructuring mechanism after having secured the IMF loan and the negative global scenario when it comes to the banking sector, market analysts said.
According to analysts, during the last week strategically important banks in the global economic system went through credit default swaps, especially Silicon Valley Bank, Signature Bank and Credit Suisse Group AG. But another leading European Corporate Bank possibly facing a credit default swap, created some ripple effects for economies like Sri Lanka, analysts said.
The All- Share Price Index went down by 134.1 points and S and P SL20 declined by 51.6 points. Turnover stood at Rs 871 million with two crossings. Those crossings were reported in NDB, which crossed 1.2 million shares to the tune of Rs 51.6 million; its shares traded at Rs 43 and Aitken Spence 772,000 shares crossed for Rs 47.1 million, its shares traded at Rs 61.
In the retail market top seven companies that mainly contributed to the turnover were, SLT Rs 82 million (717,000 shares traded), Browns Investments Rs 52.8 million (8.2 million shares traded), Lanka IOC Rs 50.1 million (298,000 shares traded), Tokyo Cement (Non- Voting) Rs 36.5 million (388,000 shares traded), Expolanka Holdings Rs 33.6 million (251,000 shares traded), ALC Cables Rs 33.3 million (406,000 shares traded) and Sunshine Holdings Rs 27.2 million (633,000 shares traded). During the day 45.4 million share volumes changed hands in 15000 transactions.
The market is generating revenue from SLT over news of it being divested; moreover, there has been interest for the hotel and tourism indexes, since tourist arrivals and earnings have been attractive, an analyst said.
It is said that Treasury bond yields opened steady on Monday, while the rupee opened weaker at spot market, dealers said.
A 01.07.2025 bond was quoted at 30.75/31.00 per cent on Monday, up from 30.90/31.20 per cent on Friday. A 15.09.2027 bond was quoted at 28.00/70 per cent, up from 28.00/50 per cent from Friday. The Sri Lanka rupee opened at 322/325 against the US dollar, weaker from 320/325 a day earlier.
Holding ‘Raid Amazones’ for second consecutive year in SL, a rare honour for her – Head of Marketing Srilankan Airlines
By Hiran H.Senewiratne
More than 250 female French athletes arrived in Sri Lanka for the challenging ‘Raid Amazones’ adventure event that took place last week in Kandy. They arrived in Sri Lanka for the second consecutive year, which was a big achievement for the country when it comes to the tourism sector, Head of Marketing SriLankan Airlines Saminda Perera said.
“For the first time in ‘Raid Amazones’ history they selected one country for two consecutive years, which could be considered a great honour for Sri Lanka. This would enable more French tourists to arrive in Sri Lanka in the future, Perera told the media recently during the event in Kandy. ‘Raid Amazones’ will hit the streets of the fabled hill capital, Kandy, with the participation of over 250 female athletes.
‘Raid Amazones’ is a well-known annual destination adventure event originating in France, which features female athletes competing their way through a range of challenges, such as, orienteering, mountain biking, canoeing, riding, running and archery.
“Sri Lanka was chosen over rival destinations by the event’s founders due to the unparalleled warmth of its people and support on the ground to pull off a successful event. Their decision is also due to SriLankan Airlines’ tireless marketing efforts to secure the popular trail on successive occasions for Sri Lanka in its hour of need for international tourism support, Perera said.
Tourism sources added: “During the 21st edition of the trail, the participants will be able to connect with a potpourri of natural and historical highlights as they trek through the Kandyan plateau in Central Sri Lanka.
“Their journey, though, would begin from the moment that they step onboard SriLankan Airlines to fly from Paris to Colombo, on an aircraft dedicated to ‘Raid Amazones 2023’.
“Named as a UNESCO World Heritage Site, Kandy, the iconic setting of ‘Raid Amazones 2023’, is renowned for two of the most recognizable cultural symbols that define Sri Lanka.
“SriLankan Airlines partnered Raid Amazones in 2022 soon after recommencing operations to Paris.
“SriLankan Airlines, together with Connaissance de Ceylan, the official ground- handling partner of the event, will go all out to ensure that the French group experiences the best in Sri Lankan hospitality.
“This event will especially help create more awareness of Sri Lanka as an adventure travel hotspot among French travellers and the rest of Europe, where ‘Raid Amazones’ is sought-after and attracts adventure-seekers.”
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