Search Results for: Pakistan

THE BANGLADESH government is to formally propose a new Civil Aviation Operation Act 2017 which would include allowing the death penalty to be imposed on plane hijackers. The death sentence, which in Bangladesh is carried out by hanging, was recently added to the draft of the law, which updates the 1960 Civil Aviation Ordinance, dating back to when Bangladesh was East Pakistan.…

KEY MESSAGES

*The nuclear industry has an ageing staff and needs to recruit new professionals as they retire

*Its strong health and retirement benefits packages could help it attract the new staff it needs

*The nuclear industry outside north America has a strong expat component, making it easier for recruit staff from abroad

INTRODUCTION

The nuclear industry sector is facing some significant human resources challenges, but new research carried out by Airswift and Energy Jobline indicates that the nuclear sector can still compete for talent.…

THE PAKISTAN and Italian textile industry sectors have agreed three memoranda of understanding (MoU) designed to ramp up cooperation between their companies and sectoral associations.

The Italian textile machinery manufacturing association (L’Associazione Costruttori Italiani di Macchinario per Industria Tessile – ACIMIT) signed three separate MoUs with the All Pakistan Textile Mills Association (APTMA), the Pakistan Hosiery Manufacturers & Exporters Association (PHMEA) and the Pakistan Readymade Garment Manufacturer and Exporters Association (PRGMEA).…

PAKISTAN textile executives have told WTiN.com that the announcement of a Pakistan rupees PKR180 billion (USD1.71 billion) support package by Prime Minister Nawaz Sharif has sent positive signals to the country’s ailing textile industry. The industry has been struggling with high energy prices, taxes and import duties on raw materials.…

PAKISTAN has launched its first public charging station for electric and plug-in hybrid electric vehicles, paving the way for an anticipated increase in such eco-friendly cars on the country’s often crowded and polluted roads. The station, the first of its kind in south Asia, was inaugurated by Karachi-based auto importer and manufacturer Dewan Farooque Motors Ltd, (which also makes standard transmission Hyundai and Kia models), in conjunction with German auto maker BMW, which supplied the recharging technology.…

The central chairman of Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz Khokhar has welcomed a new government incentive package of Pakistan Rupees PKR180 billion (USD1.7 billion) designed to boost the country’s clothing and textile exports.

These industries remain the country’s key export earner, and the package especially focuses on clothing, with the government cutting import duties on key cotton and fabric inputs.…

THE HONG Kong and Pakistan government have signed a comprehensive agreement on avoiding double taxation. Pakistani tax paid by Hong Kong companies will be credited against Hong Kong taxes on the same profits, with the reverse applying for Pakistan companies. Pakistan’s withholding tax rates for Hong Kong residents on royalties and fees for technical services (both currently 15%) will be capped at 10% and 12.5% respectively.…

2016 – Winners and losers

RETAILERS & BRANDS

WINNERS

US-based sportswear brand Under Armour delivered its 26th consecutive quarter of 20%-plus revenue growth in the third quarter of 2016, with sales increases across all divisions. Net sales were up 22% in the third quarter to USD1.47bn.…

LEADING French automaker Renault could soon start producing vehicles in Pakistan, the chairman of the south Asian country’s Board of Investment (BOI) has predicted to wardsauto. Miftah Ismail said that the manufacturer had submitted an application to the government of Pakistan seeking permission to produce cars locally, initially in a joint venture with Ghandhara Nissan, which is Renault’s global partner.…

PAKISTAN’S denim export industry hopes that help for the textile announced by the government in February (exemption from paying sales tax and payment of long overdue tax refunds) and in a meeting with industry leaders in September (a promised reduction in energy costs) will boost this promising segment.…