Search Results for: Pakistan

BY MARK GODFREY

BARRY Lee is probably typical of Chinese wine drinkers. The auto-sales accountant started off drinking a local Great Wall red at an office lunch, then got curious and went to a Beijing branch of the French Carrefour supermarket chain where he spent RMB78 (US$11.40) on a bottle of Chilean red.…

BY RAGHAVENDRA VERMA, in New Delhi; and KEITH NUTHALL

AN INTERNATIONAL conference took place this month in Hong Kong (May 11-15) and adopted a new International Maritime Organisation (IMO) convention on globally applicable ship recycling regulations for international shipping, including oil and gas tankers.…

BY PAUL COCHRANE

THE MIDDLE East and North Africa region (that economists like to award the acronym ‘MENA’) consumes 6% of the global vegetable oil market and sucks in 15% of global imports, with strong growth across the board on the back of rising per capita GDP and a burgeoning population.…

BY KEITH NUTHALL

A SAUDI Arabia firm committed to developing energy projects in the Middle East, north Africa and south Asia is investing in a Pakistan 585-megawatt gas-fired combined cycle power project with the help of the World Bank’s International Finance Corporation.…

BY PAUL COCHRANE

BANGLADESH’S fledgling anti money laundering and counter terrorist financing regime faces an uphill struggle, with the country ranked as one of the most corrupt on earth and money laundering equivalent to 13% of the country’s GDP. Furthermore, Abul Barkat, Professor of Economics at Dhaka University told the Money Laundering Bulletin, an estimated US$7 billion flows into Bangladesh through illegal alternative remittance systems, and there is an ‘economy within an economy’ generating some US$300 million in profits every year for Islamist political parties linked to fundamentalist and terrorist activities.…

BY PAUL COCHRANE

BANGLADESH’S knitwear sector is undergoing unprecedented growth: averaging 24% per year over the past 12 years, and an astonishing 45% in the first three months of this fiscal year, with exports projected to reach US$10 billion by 2011.…

BY PAUL COCHRANE

BANGLADESH’S US$100 million annual dye and associated chemicals market has reported double digit growth over the past three years on the back of the rapid expansion in the ready made garments and knitwear sectors.

"Bangladesh is a growing market for dyeing, especially since 2005 as more factories are opening," said Wohid Uddin Mahmud, managing partner in Technocrat Enterprise, agent for textile dyeing, washing and laundry machines for Italy’s Flainox, the US’s X-Rite and South Korea’s DaeLim Starlet.…

BY PHILIPPA JONES, DOMINIQUE PATTON and LUCY JONES

The growth in outsourcing within the clothing and textile sector worldwide has highlighted a key issue, and that is the relative merits of running an integrated company that handles basic production and design, or relying on a string of specialist suppliers to deliver the goods, from fibre supplies, to textile manufacture, design, clothing assembly and retail.…

BY ALAN OSBORN

A MAJOR strengthening of Canada’s regulations and programmes fighting money laundering and terrorist financing has taken place in 2008 and will continue into 2009, going a long way towards erasing the worryingly negative impression left by last year’s report by the Financial Action Task Force (FATF).…

BY SAEED AKHTAR BALOCH

PAKISTAN’s automobile industry, contributing 2.8 % to the country’s GDP by financial year (FY) 2006-7, has grown impressively this decade. But the sector’s growth may turn negative this year because of high inflation, especially rising steel prices, political uncertainty and overall economic recession in Pakistan and elsewhere.…