Search Results for: Pakistan

PAKISTAN clothing industry unions and associations have welcomed the approval of the Home Based Workers Act 2018 by the legislative assembly of Sindh – the second largest province of Pakistan – calling it an initiative of historic importance.

According to Zehra Khan, general secretary, Home-Based Women Workers Federation (HBWWF), the law will have a very wide-ranging impact not only on the socio-economic conditions of the home-based workers, but also Pakistan’s economy.…

A GROWING wave of sophisticated digital technologies and automation is helping the US apparel sector to produce custom-made, locally-manufactured, on-demand clothing, at a scale that some critics thought was never possible.

Atlanta US-based machine vision and Artificial Intelligence start-up SoftWear Automation Inc, which launched autonomous sewing worklines in 2012 after seven years of research – says it has successfully overcome this challenge.…

PAKISTAN’S textile industry has demanded more incentives and concessions from the government in its upcoming 2018-19 budget through lower taxes and electricity bills, and speedy repayment of tax refunds, encouraging growth in the sector.

The All Pakistan Textile Mills Association (APTMA) has dispatched a 30-page bundle of proposals to the government calling for them to be incorporated in the federal budget – likely to be unveiled on April 27.…

A RENEWED free trade agreement (FTA) looks set to be signed between Pakistan and China giving a boost to the textile industry.

Officials from the two countries met in Beijing last month (Feb) for the ninth round in a series of protracted talks aimed at streamlining the original FTA which came into force in 2006.…

PAKISTAN’S government is considering a fresh package of incentives for the country’s exporters, including the key textile and clothing sector, which is particularly interested in the fact officials are examining reducing energy bills. Industry insiders have long argued high energy costs in Pakistan are one of the key factors for increasing production expenses, reducing competitivity and hence overseas sales.…

PAKISTAN’S textile exporters have urged their government to speed up and

enhance a tax incentives package if they are to kick

start the country’s ailing textile sector.

The government has rolled out a series of incentives over the past year, including the abolition of a 4% customs duty and 5% sales tax imposed on import of raw cotton announced on January 5 (in force on January 8), meeting a long-standing demand of the textile sector. …

High on the agenda of Dr Oetker India managing director and chief executive officer Oliver Mirza is making India a major production hub, not just for manufacturing packaged foods scoring sales in India’s growing markets, but also for exports.

In a wide-ranging interview with just-food on the sidelines of the India Food Forum, staged in Mumbai last month (January 17-19), Mirza said that by 2020, Dr Oetker India was targeting sales of Indian Rupees INR10 billion (USD155 million) of which its sub-brand FunFoods will account for INR5 billion (USD 77.50 million).…

PAKISTAN’S economy is growing and becoming increasingly formal, with banking rates on the rise, so groundbreaking micro-finance is a key part of this economic modernisation.

The Pakistan Microfinance Investment Company (PMIC) is part of this change – it not a standard micro-finance lender: it finances other micro-finance organisations.…

THE SECURITIES Commission Malaysia (SC) has issued Guidelines on Sustainable and Responsible Investment (SRI) Funds to boost the growth of green investments in the country. The advice follows Malaysia issuing in July the world’s first green sukuk (Islamic bond).

The new advice applies to conventional as well as Islamic sustainable finance, including unit trust funds, real estate trust funds, exchange-traded funds, and venture capital and private equity funds.…

It has been weeks since quotas limiting European Union (EU) sugar production were scrapped on September 30, and while its impact has yet to become clear, experts agree that EU output will rise, at least in the short term. The EU executive, the European Commission is predicting that EU sugar production will increase 20% in the coming year.…