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Search Results for: Pakistan

10 results out of 422 results found for 'Pakistan'.

MALAYSIA’S NEW GOVERNMENT IS NEW BROOM ON BOOSTING AML ENFORCEMENT

Malaysia’s money laundering regulation and policies may be on par with international best practice, but their implementation has been tested of late, experts say. These concerns have been sharpened by the scandal related to Malaysia’s sovereign wealth fund 1 Malaysia Development Bhd or 1MDB, with Malaysia’s former Prime Minister Najib Razak accused of channelling more than Malaysian Ringgit MYR 2.67 billion (USD700 million) from the fund to personal bank accounts.…

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INTERNATIONAL REGULATORY ROUND UP - RETALIATORY DUTIES ON USA CONFECTIONERY AND INGREDIENTS EXPORTS CHALLENGED AT WTO

THE WORLD Trade Organisation (WTO) Disputes Settlement Body (DSB) has approved establishing disputes settlement panels ruling sought by the USA on whether retaliatory duties imposed by the European Union (EU), Canada, China, and Mexico on US confectionery and sweet bakery and associated ingredient exports, imposed in response to America’s controversial steel and aluminium tariffs, break WTO rules.…

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PAKISTAN’S TEXTILE INDUSTRY DIVIDED OVER IFC ASSISTANCE TO REDUCE ENERGY CONSUMPTION

 

PAKISTAN’S textile and clothing sector representatives have expressed conflicting views over an International Finance Corporation (IFC) initiative aimed at supporting textile industry efforts to reduce energy consumption with a view to improving sustainability.

The All Pakistan Textile Mills Association (APTMA) termed the IFC move a very positive step for Pakistan’s ailing textile sector while the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) thought otherwise, claiming the plan would not work because it doesn’t provide remedies for the real issues of the textile sector.…

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GRASSROOTS ENTHUSIASM MAY BE LACKING FOR VIETNAM’S LATEST TOP-DOWN EFFORT FOR ENVIRONMENTALLY-FRIENDLY TEXTILE INDUSTRY

The World Wide Fund for Nature (WWF) and the Vietnam Textile and Apparel Association (VITAS) have endorsed a project named ‘Greening Vietnam’s textile sector through improving water management and energy sustainability’ with the declared aim of transforming the Vietnamese textile industry into a more environmentally friendly and sustainable one.…

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SECP TO TAKE MEASURES TO HELP REVIVE PAKISTAN TEXTILE SECTOR

THE Securities and Exchange Commission of Pakistan (SECP) and All Pakistan Textile Mills Association (APTMA) are set to sign a Memorandum of Understanding (MoU) to assist the textile industry representative body in relation to ease of doing business, training of companies’ directors and registration of new companies.…

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AFRICAN SOURCING AND FASHION WEEK EXPLORES HOW CONTINENT’S CLOTHING AND TEXTILE SECTOR CAN GROW SUSTAINABLY

As he took in the fourth Africa Sourcing and Fashion Week (ASFW) in the Ethiopian capital of Addis Ababa last week, Kenneth K Han, managing director of Shints ETP Garment Plc, said he is optimistic over the country’s potential in the textile and apparel sector, despite many challenges.…

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PAKISTAN TEXTILE INDUSTRY CALLS ON NEW GOVERNMENT TO FULFILL BUSINESS REFORM PROMISES

PAKISTAN’S textile industry is pinning high hopes on the country’s newly-sworn-in government of Prime Minister Imran Khan for the revival of the textile sector – fixing the financial damage it has suffered through dwindling exports.

In its manifesto, Khan’s victorious party Pakistan Tehreek-e-Insaf (PTI), raised the hopes of the business community – notably exporters – to put the Pakistan economy back on track by reviving the textile sector which contributes around 60% to the country’s total exports.…

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PAKISTAN’S TEXTILE SECTOR MULLS OVER SHIFTING TO RENEWABLE ENERGY TO CUT COST OF DOING BUSINESS

PAKISTAN’s textile sector is gearing up to shift to solar and other renewable energy to combat the effects of escalating power costs which have rendered their businesses uncompetitive in the region.

Reon Energy, which is part of Dawood Hercules Group, based in Karachi, has recently completed the installation of a one megawatt solar project at Kohinoor Textile Mills Limited (KTML), in the Punjab province.…

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AS US-CHINA TRADE SPAT HEATS UP, THE PHILIPPINES ANTICIPATES CHINESE GARMENT INVESTMENT WAVE

Signs of an accelerating relocation of garment investment from China to the Philippines are emerging, amidst the US imposing an additional 10% duty on textile and some clothing products from China. The Chinese government retaliation of an additional 25% duty on US cotton imports making raw material sourcing for China-based manufacturers more expensive has also raised the cost of doing business in China.…

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INDIAN AIRPORT WEDGED AGAINST BANGLADESH BORDER TO EXPAND SECURITY FORCE

India’s newly renamed Maharaja Bir Bikram Kishor Manikya Bahadur Airport, in Tripura state, which has its boundary wall running along a heavily defended Bangladesh border, is getting extra security and a new terminal building.

“As it is a hyper sensitive airport, its sanctioned strength of security force will soon be increased from 224 to 330,” Shekhar Dev Burman, director of the airport told Jane’s.…

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