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Pakistan’s retail banking sector is tapping into demand for Islamic consumer finance from religious-minded Pakistani expatriates via a government-backed digital accounts facility that enables remote buying of a property and a car in their home country.

In September 2020, the central bank, the State Bank of Pakistan (SBP), allowed the 8.6 million non-resident Pakistanis (NRPs) to open a bank account in Pakistan through a digital and online process, without any need to visit a bank branch in person.…

The proactive move by the mainly Muslim south Asian archipelago of Maldives to boost halal tourism will make this country a larger market for halal-certified food imports. Imported food sold to its permanent population of 540,500 must be halal food under Maldives Food and Drug Authority (FDA) regulations, said Dr Abdullah Shiham Hassan a senior Maldives lawyer and past head of law in the faculty of Shariah law at the Maldives National University: “This is checked and monitored by the FDA regularly.”  …

Transport coatings innovators have been increasingly integrating graphene into their products, as researchers continue to leverage the functionality delivered by a sustainable material whose honeycomb lattice nanostructure offers major durability without adding bulk.

Researchers from Poland’s Gdańsk University of Technology have highlighted graphene’s flexibility and ability to adapt to the “roughness and curvature of the substrate surface” as a boon within paint and coatings design, especially for hard wear and tear uses, such as transport.…

The UK is a global money laundering hub with inadequate enforcement and a “deeply flawed” compliance system, allowing British businesses to act as a ‘laundromat’ for suspicious wealth from Russia and other former Soviet Republics, according to the latest report from Transparency International UK (TI-UK).…

The European Union (EU) last night (February 25) agreed a swinging package of sanctions against Russia as its military prepared to assault the Ukraine capital Kiev to press home its advantage in its unprovoked and bloody invasion. In an unprecedentedly swift decision for the EU – within one day of a proposal – foreign affairs ministers on the EU Council of Ministers decided to freeze any assets held in the EU by Russian President Vladimir Putin and his foreign minister Sergey Lavrov.…

Roughly two decades after China entered the World Trade Organisation (WTO) (in December 2001) and nearly two-and-a-half years into the Covid-19 pandemic, the country’s textile and apparel sectors seem healthier than ever. Customs data show that in 2021, the cumulative export value of China’s textiles and clothing reached USD315.5 billion, a year-on-year increase of 8.4%.…

EUROPE’S dairy production and trade must not suffer from the implementation of the European Union (EU)’s farm to fork (F2F) plans (1), announced May 2020 and at the heart of the European Green Deal to “make food systems fair, healthy and environmentally-friendly,” dairy experts have told Dairy Industries International (DII).…

With the rise in popularity of immersive online environments, the international fashion world is preparing to use this trend in consumer behaviour to target customers with non-fungible tokens (NFTs), virtual images sold as unique digital assets that can be attached to the blockchain. …

The Tunisian clothing industry says that a collective wage agreement to 2023 will help Tunisian workers deal with rising costs, (inflation was 6.6% in December), while keeping the sector competitive in international markets. The deal was struck in November by the Tunisian Textile and Clothing Federation (FTTH), (as part of the Tunisian Union of Industry, Trade and Handicrafts – UTICA) and the General Federation of Textiles, Clothes, Leather and Shoes workers (FGTHCC), which is part of the Tunisian General Labour Union (UGTT).…

WITH around USD400 billion spent annually on AML compliance and government efforts to curb financial crime according to LexisNexis, AML experts are increasingly calling for more of this money to be spent on in depth and undercover investigations to follow money trails, delivering convictions and dirty money seizures.…