Search Results for: Pakistan
10 results out of 534 results found for 'Pakistan'.
GOVERNMENT INCENTIVES PROMOTE FOUR AUTO INVESTMENT PROJECTS IN PAKISTAN
PAKISTAN’S ministry of industries and production has granted Category-A Greenfield investment status to four automobile manufacturing investors to set up manufacturing plants – effectively greenlighting their projects to establish auto-making plants in the country.
Shah Jahan Shah, spokesperson for Pakistan’s ministry of industries and production said he ministry had signed an agreement with these July 17 (2017).…
INDIAN EXPORTS OF SYNTHETIC TEXTILES TO PAKISTAN START TO GROW AGAIN, RECOVERING FROM PAST SHARP FALL IN TRADE
THE POLITICAL standoff between India and Pakistan may dominate the news headlines but India’s synthetic textiles, yarn and fibre are starting to find an increasing number of Pakistani buyers.
According to Kripabar Baruah, joint director, Synthetic and Rayon Textile Export Promotion Council (SRTEPC), exports to Pakistan that had fallen in 2014-5, and 2015-6, have grown in the current financial year (2016-17).…
PAKISTAN TEXTILE SECTOR LAUNCHES WORK STOPPAGES AND PROTESTS OVER GOVERNMENT FAILURE TO IMPLEMENT AID PACKAGE
PAKISTAN’S textile industry, including manufacturers of fabric, yarn, and garments, suspended production and organised protests nationwide on June 20, dubbing the protest ‘Black Tuesday’, over the government’s slow implementation of a promised USD1.7 billion relief package for the sector.
The All Pakistan Textile Mills Association (APTMA) organised the day of action, supported by the Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), All Pakistan Bedsheets And Upholstery Manufacturers Association (APBUMA), the All Pakistan Textile Processing Mills Association (APTPMA), the All Pakistan Cotton Power Looms Association, the Council of Loom Owners Association and other groups. …
INDIA’S LEATHER SECTOR HARMED BY GOVERNMENT CATTLE TRADE RESTRICTIONS
A sudden shortage of leather in India prompted by government religious policies on reducing cattle-related trades is forcing major fashion brands to look for alternative sourcing destinations. Even Indian fashion goods exporters are having to buy costly imports of raw leather to service existing orders.…
INTERNATIONAL REGULATORY ROUND UP – BANGLADESH POISED TO RATIFY EMERGING MARKET TRADE DEAL
GLOBAL knitwear outsourcing centre Bangladesh is expected to soon ratify the emerging market D-8 PTA preferential trade agreement, newspaper reports in Dhaka say, indicating the government may have loosened demands over rules of origin. Bangladesh has been pushing for its manufacturers to gain privileged access to D-8 markets (Iran, Indonesia, Malaysia, Pakistan, Nigeria and Turkey, as well as Egypt if it also ultimately ratifies), if 30% of value in a product is created within Bangladesh.…
EU AND ILO AIMING AT MAKING PAKISTAN LEATHER AND TEXTILE FACTORIES POSSIBLE TO WORK
THE INTERNATIONAL Labour Organisation (ILO) is running a project, largely funded by the European Union (EU), to improve compliance with labour and environmental standards for companies in Pakistan, mostly in the textile and leather sectors. The EU budget contribution is EUR12 million, with the remaining EUR600,000 being co-financed by the United Nations’ agency, which will take the lead in implementation.…
INTERNATIONAL REGULATORY ROUND UP – BANGLADESH POISED TO RATIFY EMERGING MARKET TRADE DEAL
GLOBAL knitwear outsourcing centre Bangladesh is expected to soon ratify the emerging market D-8 PTA preferential trade agreement, newspaper reports in Dhaka say, indicating the government may have loosened demands over rules of origin. Bangladesh has been pushing for its manufacturers to gain privileged access to D-8 markets (Iran, Indonesia, Malaysia, Pakistan, Nigeria and Turkey, as well as Egypt if it also ultimately ratifies), if 30% of value in a product is created within Bangladesh.…
PAKISTAN MILK POWDER TRADERS FEAR GOVERNMENT DUTY HIKE
PAKISTAN’s milk powder importers have told just-food they are unclear whether their government will go ahead with budget plans to increase import duty on imported milk powder, opposing such a hike in principle.
Concern has been raised proposals made in the government’s federal budget for 2017-18, which included a plan to increase duties by 5% in some cases and 15% in others on 565 imported items.…
PAKISTAN’S BANKING BOOM MEANS ACCOUNTANTS HAVE GROWING ROLE TO PLAY IN KEEPING GROWTH ON TRACK
A CLEAR sign of sustainable development in any country is a switch away from cash and towards formal banking – it is a sign that companies and employees expect their earnings to continue, and that they are prepared to pay tax.…
PAKISTAN TEXTILE EXECUTIVES WOO CHINESE WITH PROPOSALS OF LOW COST AND HGH TECH JOINT VENTURES
PAKISTANI textile business executives have welcomed the enthusiasm of Chinese investors to bring investments into Pakistan’s textile sector through joint ventures and relocating of their textile production units, because of rising costs and tightening environmental regulations within China.
According to All Pakistan Textile Mills Association (APTMA), Chinese interest has in Pakistan has grown further after the APTMA secretary general gave a comprehensive presentation at a conference in Shishi city, in Fujian province, organised by the China Textile Information Centre from April 19-20.…