Search Results for: Pakistan

Pakistan’s minister for the textile industry Abbas Khan Afridi has told WTiN.com that efforts were being made to attract Chinese investment in a proposed Karachi ‘Textile City’, which would be formally launched in September 2014.  In an exclusive interview, he said: “The government has acquired 1,250 acres land for the project at the Port Qasim, in Karachi, land-levelling has been done and we are hoping to make available water and electricity there in the next one-and-a-half months before supplying it natural gas,” he added.…

INDIAN knitwear manufacturers are hoping for a major growth impetus because of industry-friendly policies being rolled out by the new Bharatiya Janata Party (BJP)-led government. “We are very optimistic about the new government,” Naval Saraf, proprietor of Super Knit Industries, a sock manufacturing company in Mumbai told Knitting International.…

THE UNITED States’ Foreign Account Tax Compliance Act (FATCA) is to go into force on July 1. Aimed at curbing tax evasion by US citizens around the world, foreign financial institutions (FFIs) are required to report on US account holders, but over 200,000 FFIs and 123 countries have not yet signed up.…

Pakistan’s minister for textile industry Abbas Khan Afridi has said his government’s proposed textile policy for 2014-2019 is designed to generate additional textile and clothing exports worth USD3 billion during the next two years.

In an interview with WTiN.com, he said a revised five-year textile policy would be presented to the cabinet for approval in August.…

There are fewer than 1,000 certified accountants in Afghanistan, of which less than 200 are Afghanistan in a country of 29.82 million says the American University of Afghanistan (AUAF), and there are no national accounting regulations. More than 30 years of conflict has left the country’s economy in shambles, and with foreign troops being withdrawn by 2016, developing the accountancy sector and its domestic regulations is a priority to underpin sustainable growth.…

JAPANESE food manufacturers are targeting south-east Asia as key export markets, leveraging their products’ sophisticated, fashionable and healthy image. Indeed, with a significant proportion of south-east Asian consumers becoming richer, the perception that Japanese brands can be relatively expensive can help marketing and certainly not harm sales, they say.…

Global technology analysts Gartner Inc is well known for its articulated predictions. An announcement in January 2014 to accompany its report on ‘Predicts 2014: The Rise of the Postmodern ERP and Enterprise Applications World’, highlighted the complex, and at times conflicting scenario facing companies considering moving their enterprise resource planning (ERP) systems to the cloud.…

PAKISTAN’S textile sector will grow only gradually following its membership of the European Union (EU) GSP+ scheme, according to Dr Safdar Sohail, economic minister at the Pakistan mission to the EU. Speaking to WTiN.com in an exclusive interview from his office in Brussels, Dr Sohail said: “There will be no surge of demand where one would imagine people would start stitching garments in garages and nothing of the sort.”…

Opinion is divided in Pakistan over whether the government’s appointment of the retired Major General Zaheer Ahmed as the chief executive officer (CEO) of Pakistan Steel Mills (PSM) will boost the viability of the ailing steel-maker.

Dr Salman Shah, former finance minister under a liberal-led government between 2004 and 2008, told Steel First investment worth billions is needed to revive the PSM, and the current conservative government of Prime Minister Nawaz Sharif does not have that kind of money.…

The shipbuilding director for the Japan External Trade Organisation (JETRO) has confirmed to Steel First that his government is seeking to influence the European Union (EU) as it clarifies the rules of its shipbreaking regulation, which came into force last December (2013).…