Search Results for: Pakistan

Practical programmes and strategies that enable universities and colleges to drive forward sustainable practices and knowledge to fight and manage climate change are increasingly needed, a UNESCO-sponsored workshop heard this week in Dubai.

Staged on Wednesday (December 6) as the United Arab Emirates hosts the COP28 conference of the United Nations Framework Convention on Climate Change (UNFCCC) this month, HE experts stressed such work needs to extend to less economically developed countries.…

Prospects of a bumper cotton crop on Pakistan this year (2023) and a planned extension to December 2027 of the country’s European Union (EU) GSP+ trade benefit status has raised hopes for increased sales by the Pakistan clothing and textile sector within the country’s government (1).…

Anti-money laundering fines worldwide are expanding fast, say researchers, but assessments of whether this reduces and deters money laundering or just feed government coffers are not yet conclusive. According to Ireland-based international compliance firm Fenergo, AML/CFT fines worldwide – levied on organisations failing to operate legally mandated AML/CFT controls – increased 52% year-on-year in 2022, totalling USD4.1 billion, compared to USD2.7 billion in 2021.…

The Cayman Islands is on the cusp of being removed from the FATF (Financial Action Task Force) grey list, where it has languished since January 2021, after it completed 63 reforms required by the global AML body. A final inspection by FATF officials was staged this month (September) (1), with the British overseas territory looking to be removed by the next FATF plenary in October (2023).…

Chinese textile and clothing manufacturers are increasingly relying on Egyptian cotton, over the past two seasons becoming Egypt’s second largest buyer of cotton, driven by the US ban on Xinjiang cotton, competitive pricing, and strong demand for luxury fibres.

“China has always been a player in Egyptian cotton, but they were never on top of the list.…

Kenya’s government has proposed imposing a 25% tariff increase on imported clothing and textiles, a move designed to wean Kenyans off luxury imported clothes, supporting a domestic clothing and textile industry that has been harmed deeply by foreign-made garment sales.

Confirming the intention to introduce the new tax measures, investments, trade and industry cabinet secretary (minister) Moses Kuria said the new taxes would help Kenya’s textile and clothing industry: “The country has a rich textile sector that should be expanded,” said Kuria on August 14, while addressing Kenyan textile investors.…

The Ukraine and Russian paint and coating sectors have both experienced major change since Russian military forces invaded Ukraine last February (2022), but as with the war, Ukraine’s industry has suffered much tougher damage.

Indeed, all sectors of the victim country’s economy have been hit hard by Russian military attacks and economic disruption, but none more so than Ukraine’s vulnerable chemical-based industries.…

THE EUROPEAN and global fashion and textile industry is witnessing rapid technological advancements, requiring garment workers with specialised skillsets, notably digital, to meet evolving demands. Indeed, the November 2022 State of Fashion 2023 report (1) from strategy consultants McKinsey & Co made clear that after 18 months of robust growth (early 2021 until mid-2022) post Covid-19, the fashion industry is facing challenges, including inflation, the energy crisis and rising material prices, that increases its demand for skilled labour.…

The Turks & Caicos Islands (TCI) has been improving its AML record, even as its courts have taken eight years to hear financial crime cases against former political leaders, including past Premier Michael Misick. He is charged with money laundering, conspiracy to receive bribes, and conspiracy to defraud the government, related to his 2006-9 tenure.…

Higher education students worldwide have been pushing solutions to target the UN Sustainable Development Goals (SDG), a Higher Education Sustainability Initiative (HESI) global forum https://sdgs.un.org/HESI in New York heard yesterday (July 17).

Veronica Dzeagu, chief technical officer, All-Africa Students Union (https://aasuonline.org/…