Search Results for: Pakistan

PAKISTAN has been staging talks with the British government to lessen impact of Brexit on Pakistan’s textile and other key industries.

A senior official at Pakistan’s ministry of commerce told WTiN.com that Pakistani officials had already consulted London officials about how trade concessions available to Pakistan through the European Union’s (EU) GSP+ scheme would continue after a UK exit from the EU.…

WITH 4.8 million Syrian refugees registered by the UN, and many more displaced without registration, their impact on consumer markets outside their home country has been significant. The tobacco sector has been no exception. Indeed, even before the civil war, Syrians were keen smokers – with 2004 Syrian Centre for Tobacco Studies research indicating that 56.9% of men smoked cigarettes and 17% of women; 20.2% of men smoked waterpipes (shisha) and 4.8% of women; 29% smoked daily – 51.4% of men and 11.5% of women).…

MOBILE money transactions surged in 2015 across the world – increasing by 31% to reach 411 million mobile money accounts, and this is a critical platform for expanding financial inclusion globally, according to GSMA, a UK-based global mobile industry association, in its February 2016 annual report on the ‘State of the Industry Report on Mobile Money’. …

Pakistan’s shampoo and conditioner market is following the positive trend seen within the country’s beauty and personal care sector in general – more women in work who want to look good are prepared to buy these products.

UK-based market research firm Euromonitor International has said that its modelled data indicated that the country’s USD158 million’s worth of hair shampoo retail sales in 2014 leapt to USD179 million in 2015, and could reach USD240 million by 2020.…

Indonesian negotiators must press harder to make progress on the European Union (EU)-Indonesia free trade agreement or textile manufacturers risk losing market share to neighbouring competitors like Vietnam, according to the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia). Its chairman Ade Sudrajat told WTiN.com…

THE PAKISTAN government has reduced customs duties on importing machinery used in the livestock and meat industry from 5% to 2% to encourage investment and development in the livestock and meat industry.

Incubators, brooders and animal feedstuffs machinery are among the imports that will see duties reduced in this way.…

Pakistan’s largest multi-industry conglomerate, the Fauji Group, has launched the country’s biggest and state-of-the-art halal abattoir and meat processing and exporting unit near Port Qasim, Karachi. The Fauji Meat Ltd (FML) subsidiary-run facility, which has been fully operational since April (2016), has a daily production capacity of 100 tonnes of meat (85 tonnes of beef and 15 tonnes of mutton, according to a company note) in both frozen and chilled categories per day for worldwide export, and cost an estimated USD75 million to build.…

Pakistan remains a source of concern to global anti-money laundering (ML) authorities even though the Financial Action Task Force (FATF), the world’s leading AML organisation, removed the country from its monitoring process last February (2015). Then, FATF cited Pakistan as having made “significant progress” in improving its AML and CFT (combating the financing of terrorism) regime.…

It gets exceedingly hot in Riyadh in the summer, with the mercury rarely below 40 degrees Celsius, but that does not deter Moazam Shah from going for his evening run around the residential compound he lives in with his family.

After six years in the Kingdom of Saudi Arabia, Pakistani national Shah has acclimatised to exercising in extreme heat: “It’s a time for myself, to catch up on my thoughts,” he told Accounting & Business at the Ritz-Carlton Hotel in Manama, Bahrain.…

Indonesian negotiators must press harder to make progress on the European Union (EU)-Indonesia free trade agreement or textile manufacturers risk losing market share to neighbouring competitors like Vietnam, according to the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia). Its chairman Ade Sudrajat told WTiN.com…