Search Results for: Pakistan

THE MIDDLE Eastern halal meat market is anticipating significant growth in the next few years, driven by rising populations and rising consumer awareness about food content. However, the lack of a common global halal standard is hindering the market’s potential, given that the region is heavily dependent on imports from non-Muslim countries.…

PAKISTAN has been improving its anti-money laundering and combating the financing of terrorism (AML/CFT) regime according to international watchdogs, while its military takes increasingly tough action against hardline Islamist groups.
For instance, Pakistan has drawn up a 20-point National Action Plan (NAP), agreed upon by Pakistan’s political and military leadership to fight terrorism; this has helped focus further attention on the need to tackle money laundering and terror financing as part of a comprehensive law-and-order strategy.…

With Bangladesh’S economy set to continue growing and local cotton production expected to remain insignificant, cotton imports are set to double by 2021, said industry players and experts attending the country’s first Global Cotton Summit. The two-day event (March 20-21) in Dhaka, was jointly organised by the Bangladesh Cotton Association (BCA) and Bangladesh Textile Mills Association (BTMA).…

THE PAKISTAN government has launched a diplomatic offensive to improve trade relations with Turkey, which it hopes will enable its textile sector to win back Turkish market share lost after Turkey initiated safeguard measures against Pakistani textile products in 2011. Turkey introduced a special high 42.2% safeguard tariff (called MHF Cess) on Pakistani knitwear and textile garment exports to protect its industry.…

Pakistan’s ministry of textile industry has begun implementing a textile industrial policy for 2014-2019, despite concerns by manufacturers’ associations that it may fail to deliver on its goals. The ministry has set up committees to work toward achieving its targets and interacting with the industry to seek its input and support.…

The Istanbul Textile and Apparel Exporter Associations (ITKIB) told WTiN.com this week that research and development in high value technical textiles will be a key focus for the Turkish textile sector as it aims for an export target of USD 20 billion by 2023.…

THE PAKISTAN government has released its long awaited 2014-19 textile industrial policy, which includes a target of doubling the country’s overall annual textile and clothing industry exports to USD26 billion by 2019.
Pakistan’s federal minister for textile industry Abbas Khan Afridi and his ministry’s top official secretary Amir M Khan Marwat have announced the government will spend Pakistan Rupees PKR64.15 billion (USD632 million) on working towards this this goal until 2019.…

The United States’ African Growth & Opportunity Act (AGOA) has helped boost many African countries’ apparel and textile sector, giving them duty-free and quota-free access to the US market. And while many are keen to see the act renewed before its expiration this September 30, some countries have benefited more than others.…

The new Sri Lankan government has started negotiations with the European Union (EU) in a bid to re-secure membership of Europe’s Generalised Scheme of Preferences (GSP +) scheme. If successful, the move would see EU tariffs fall for Sri Lankan clothing and textile exports.…

THE EUROPEAN Union (EU) has stalled a bid by Pakistan to launch a World Trade Organisation (WTO) case focused on its complaints about against EU countervailing duties levied on certain Pakistani PET (polyethylene terephthalate) exports.
EU diplomats used their right to block the establishment of a disputes panel to adjudicate the row, at a meeting yesterday (Monday Feb 23) of the WTO disputes settlement body (DSB).…