Search Results for: Pakistan

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.…

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.…

China seems to have given the world nuclear industry back its mojo this summer with two big moves: the signing in June of an order for four Gen 3+ VVER-1200 reactors from Russia’s Rosatom. This certainly got the bubbly flowing at the World Nuclear Exhibition, in Paris, in late June, following two years of sluggish investment in this globalised industry.…

PAKISTANI textile exporters fear further devaluation of their currency will escalate the already high cost of doing business in the country and lead to a decline in export volumes, despite the edge cheaper currencies can offer in overseas markets.

According to the Pakistan Bureau of Statistics (PBS), in 11 months of the current fiscal year 2017-18, textile exports rose by 9.82% to USD12.336 billion compared with USD11.23 billion for the corresponding period in 2016-17.…

PAKISTAN’S textile industry associations have urged their government to provide “an enabling environment” and relax import duties on raw materials to encourage exporters and boost value-addition for the country’s struggling textile industry.

Reacting to Sindh province governor Mohammad Zubair’s remarks in which he highlighted the importance of the industry adding value to its products to boost textile exports, association leaders say his comments are unfounded as manufacturers are doing their best but battling high production costs, against which they have campaigned long and hard.…

Cotton industry analysts have said the clothing industry should not overreact to a major hike in Chinese cotton futures contracts, following years of stockpiling the fibre by China buyers, even though they accept market uncertainty has been driving up prices.

Contracts have been purchased covering more than 361,000 bales of US cotton for 2019-20, according to US Department of Agriculture data which “would be enough to make 400 million t-shirts,” the Wall Street Journal suggested in an article on June 10, adding: “China has never booked that much cotton that far in advance at this time of year, in data going back to 1998” and has now become a “major consumer” of US cotton.…

PAKISTAN’S law enforcers and regulators are on the front line when it comes to fighting terrorist financing, money laundering and financial crime in general, both within the country and from across its borders, notably conflict-riven Afghanistan. But its government and state agencies often send mixed messages over their commitment to fight terror finance.…

The Hajj pilgrimage to Mecca is one of the five pillars of Islam, a religious duty every Muslim should perform once in their lifetime. But with 1.7 billion Muslims worldwide and the Hajj only occurring over five days every year, the event is a logistical challenge for the Saudi Arabian government, tour operators, hospitality service providers, retailers and accountants.…

PAKISTAN’S textile industrialists are downbeat over the diminishing prospects of investment by Chinese financiers and manufacturers, holding the government responsible for the apparent stalemate with its continued prohibitive production costs.

Speaking to WTiN.com, Pakistan textile industry insiders believe that sensing the high cost of doing business compared with rival manufacturing countries in south Asia, Chinese investors are losing interest in the Pakistani sector.…

AN UPCOMING European Union (EU) ‘Counterfeit and Piracy Watch-List’, being developed by the European Commission to identify physical and digital marketplaces outside the EU where counterfeit tobacco and other consumer product are traded widely.

Intellectual property abuse is a key concern to the EU tobacco sector.…