Search Results for: Pakistan

Pakistan’s clothing and textile industry fears that the value of its exports may tumble at least 30%, after the recent floods wiped out much of the country’s usually plentiful cotton crop. To keep running, the sector is looking for strategies to buy cheaper cotton abroad and is asking for government aid to finance this task.…

The benefits to knitwear manufacturers of investing in sophisticated machinery and software may be undeniable, but when an industry can call on a large pool of cheap human labour, companies need to see clear financial benefits from acquiring such tech.

This dilemma is particularly stark in south Asia textile and clothing outsourcing centres, where labour can be particularly low cost.…

With ongoing floods and high rainfall in most parts of Pakistan damaging its economy, the country’s textile and clothing sector, accounting for nearly 60% of national exports, is bracing itself for the potential cancellation of export orders by international buyers.

The initial assessment of losses inflicted by the devastating rains and floods especially in Sindh and Balochistan provinces and to a lesser extent in Khyber Pakhtunkhwa (KPK) and Punjab provinces, has already been estimated by the federal government at billions of dollars (it is working on a more precise estimate), with displacement of 33 million people, 1,400 deaths (including children), the destruction of hundreds of thousands of houses, roads infrastructure and communication networks.…

INTRODUCTION 

With the textile industry under pressure from consumers, regulators and standards to become more sustainable, companies are looking at all aspects of the supply chain – including upstream to fibre production. Digitalisation has a key role to play here, especially in supplier countries where the use of such technology is weak – such as in Africa.…

With inflation and hard currency shortages compounding the economic disruption caused by Covid-19, governments in south and south-east Asia have been implementing unorthodox trade controls to wrestle control – unfortunately, the beauty sector has been a victim.

Pakistan is a case in point.…

The technical textile market looks set to ride out current turbulence caused by inflationary and geopolitical pressures, including Russian militarism, with a projected uptick in global performance – research and industry commentators predict. But plans for onshoring and innovation investments might be delayed as day-to-day costs continue to rise.…

Sri Lanka’s unprecedented economic and political crisis escalated early this week (July 9) amidst mass public protests forcing the country’s now former President Gotabaya Rajapaksa to flee the country to Maldives, before finally quitting the top job yesterday. Notwithstanding the chaos, its textile and knitwear and woven apparel sector has so far managed to keep the industry afloat so far.…

There is a growing global movement to align Islamic social finance with the United Nations’ Sustainable Development Goals (SDGs) (https://sdgs.un.org/goals), which are designed to address global environmental, social and economic challenges by 2030. These include combating poverty, inequality, climate change and environmental degradation and ensuring social justice.…

With cyberattacks on the rise, organisations are having to devote ever more time and resources to defending against malicious activity – and some are now considering active defences, hacking back the hackers, to deter them and maybe damage their ability to harm victims.…

A lack of common international Islamic financial regulatory system is hindering the development of Islamic social finance instruments, causing a dearth of good practice solutions that could effectively fight poverty, say experts.

In the February 2021 issue of the ISRA (International Shari’ah Research Academy) International Journal of Islamic Finance, Abdulsalam Ahmed Sawmar and his co-authors say one key element of Muslim charity – zakat (obligatory charity) – historically, “has been an integral part of the Islamic economic system because of its sizable impact in achieving social harmony and preserving decent living standard for the needy segments of Muslim communities.”…