Search Results for: Pakistan

DESPITE the huge risks involved in states funding weapons of mass destruction in breach of international non-proliferation rules, this problem has not received the same attention as anti-money laundering (AML) and combating the financing of terrorism (CFT) in compliance regimes. Only over the past two years has world’s senior AML body the Financial Action Task Force (FATF) started to address shortcomings, while the United Nations is moving from a decade of awareness building to pushing implementation.…

GHANA continues to be recognised as one of Africa’s success stories. The country remains relatively peaceful and stable, and its economy has grown at an annual average of around 6% over the past six years. As a result, it is maybe not a surprise that Ghana was ranked healthily at 5.88 (10 being the worst score) in the 2014 Basel Anti-Money Laundering index, among the lowest in west Africa, only bettered by established democracy Senegal, with 5.43.…

THE FINANCIAL Action Task Force (FATF) has warned Iran it faces tighter international scrutiny of its financial services and dealings, should it fail to criminalise terrorist financing and boost its suspicious transaction reporting (STR) requirements.

In its latest assessment of jurisdictions failing to comply with FATF anti-money laundering and combating the financing of terrorism (AML/CFT) recommendations, the global AML body singled out the Islamic republic, giving Tehran until February (2015) to make reforms, or face the consequences.…

Pakistan is gearing up to launch a vocational training programme to train 120,000 male and female workers over a period of five years to acquire skills required in the country’s economically important textile industry.

Pakistan’s minister for the textile industry Abbas Khan Afridi told the WTiN.com…

THE STRENGTH and diversity of Bangladesh knitwear producers’ supply chains is one reason why this key outsourcing location is so popular with international brands. And indeed, attention to the supply chain is the mantra of Bangladesh knitwear boss Mohammed Abdul Jabbar.…

A COLLABORATION between a major Pakistan food company and local non-governmental organisation (NGO) aimed at improving the country’s slaughterhouse standards is set to expand sales abroad.
Pakistan’s Al-Khidmat Foundation, a conservative social welfare organisation, has so far contributed USD2.9 million to maintaining a Karachi slaughterhouse facility run by Tata Best Foods Ltd that complies with international food safety standards.…

BANGLADESH’S textiles and knitwear exporters are confident they will see off the challenge posed by the country’s key regional rival Pakistan, which is benefiting from the European Union’s (EU) Generalised System of Preferences Plus (GSP Plus) status.

With these low tariff benefits, the Bangladeshi industry – whose country also has privileged access to the EU market though its ‘everything but arms’ duty free status – has concern about their exports of home textiles to the EU.…

THE PAKISTAN Institute of Labour Education & Research (PILER) says they intend to file a lawsuit in the European courts against a German firm, in relation to the death of over 250 people in a fire at the Ali Enterprises garment factory in Baldia, Karachi, on September 11, 2012.…

PAKISTAN’S ministry of textile industry has claimed that textile and clothing exports to the European Union (EU) has increased by 18% from January-June 2014 increased by 18% compared to last year following its membership of the revised EU Generalised Scheme of Preferences Plus (GSP+) for low tariffs.…

Taiwan’s main airport, Taiwan Taoyuan International Airport, is to undergo a major expansion, increasing its annual passenger capacity from 32 million to 60 million by 2030. Located halfway between the capital Taipei and the island’s industrial heartland along its western coast, the airport is planned to become the centerpiece of the government’s highly ambitious Taoyuan Aerotropolis project, which with an estimated investment of Taiwan New Dollar TWD600 billion (USD20 billion).…