Search Results for: Pakistan

Sri Lanka’s government remains positive about the possibility of regaining its Generalised Scheme of Preferences Plus (GSP+) concession status from the European Union (EU), which would probably boost the country’s knitwear exports. This privileged trade access status might help the country’s clothing industry overall achieve an ambitious target of earning USD8.5 billion from exports by 2020.…

Despite a healthy growth in knitwear exports from Pakistan, the industry is concerned about a potentially harsh government budget, which is expected to be approved in June. There are indications the federal Pakistani government intends to hike sales tax rates from 2% to 5% on exports; impose a gas infrastructure development charge on businesses; and withdraw existing special subsidies that have benefited the knitwear sector.…

China will build its first high altitude airport in the Xinjiang Uygur Autonomous Region, located on the border of the Pakistan-occupied Kashmir, providing access to the remote but strategically important area. It will be constructed near Tashkurgan city, where Civil Aviation Engineering Consulting Company of China experts have recently visited three shortlisted locations.…

IN a fast-growing emerging economy such as Bangladesh, companies and consumers alike can sometimes play fast-and-loose with the truth to hide financial wrongdoing and commit frauds, but they will have to reckon with Bangladesh’s Comptroller and Auditor General Masud Ahmed and his staff.…

Bangladesh’s top auditor understands only too well the key role strong auditing can play in an emerging economy such as his own country – for good or ill. Indeed, he does not mince his words when he recalls the role auditors played in Bangladesh’s 2011 capital market collapse that ruined millions of small investors.…

Pakistan has launched disputes proceedings at the World Trade Organisation (WTO) signalling it wants to challenge countervailing duties imposed by the European Union (EU) on Pakistani exports of certain polyethylene terephthalate (PET). In an unusual case brought by Pakistan against the EU, Islamabad is arguing that the European Commission mishandled an investigation prompting EU ministers to impose protective measures, compensating European PET-makers for Pakistan government tax breaks and subsidies.…

A PLANNED free trade agreement (FTA) between Turkey and Pakistan will be a ‘win-win’ situation overall, according to a senior Turkish government official involved in the negotiations. When asked about the current status of the deal, the official, who spoke on condition of anonymity, told WTiN.com:…

Pakistani meat exporters are optimistic that the Iranian government will lift an import ban imposed in early 2014 on Pakistan-produced meat following a meeting on Wednesday (April 22) between the country’s trade ministers.
Khurram Dastagir Khan, Pakistan’s commerce minister and Mohammed Reza Nematzadeh, Iran’s minister for industry, mines and trade met in Tehran at a scheduled session of the Pakistan Iran joint trade committee.…

Bangladesh’s knitting industry faces key changes in the next 20 years as the western-educated children of first-generation businessmen take over family-owned firms. Industry experts note that some second-generation entrepreneurs have already taken the reins of major knitwear companies and are introducing modern management practices and discovering new financing channels.…

THE PAKISTAN government has told the World Trade Organisation (WTO) that it will proactively seek foreign direct investment (FDI) for its clothing and textile sector as it seeks to leverage its GSP+ preferential trade access to the European Union (EU).
In a statement following the conclusion of a WTO trade policy review on Pakistan, Islamabad said: “There is bright potential for FDI in power, liquefied natural gas (LNG), gas, infrastructure development and petro-chemicals’ sectors.…