Search Results for: Pakistan

BY CARMEN PAUN, IN BRUSSELS

THE EUROPEAN textiles industry has expressed concern about the potential impact of an EU decision, approved Thursday by the European Parliament, to waive import fees for textiles from Pakistan.

"This measure will not help the population in need…and will have an impact on the EU textile industry and especially on the cotton one," said Luisa Santos, head of international trade at the EU’s textile association, Euratex.…

BY RAHIMULLAH YUSUFZAI, IN PESHAWAR

Steel First has been told by Pakistan Steel Mills (PSM) Chief Executive Officer Major General Mohammad Javed that there are no plans to sell off the ailing state-owned industrial giant, backing up recent comments from Prime Minister Raja Pervez Ashraf.…

BY MJ DESCHAMPS

DESPITE the global recession, and volatility in the dairy market as a whole, the international butter industry is anticipating long-term growth. Used as a spread, a condiment, or as an important ingredient in baking and cooking, demand for butter has been a significant constant in the global food industry.…

BY RAGHAVENDRA VERMA, IN NEW DELHI

India’s fast growing personal care products industry – particularly its cosmetics portion – is waking up to the major potential of the country’s rural and semi-urban markets. Major players are targeting these new aspiring consumers with innovative campaigns and targeted products and are set to reap handsome returns.…

BY RAHIMULLAH YUSUFZAI, IN PESHAWAR

Pakistan Steel Mills (PSM) has added its voice to growing demands that the Pakistani government combats duty evasion by importers of Chinese-made boron added alloy wire rod, which is being imported illicitly as non-alloy carbon wire rod.…

BY RAHIMULLAH YUSUFZAI, IN PESHAWAR

Karachi joint venture Aisha Steel Mills, Karachi, is planning to increase annual production of cold rolling coil (CRC) to 450,000 tonnes per annum in the next three years from an existing 220,000 tonnes, following a successful share sale.…

BY RAHIMULLAH YUSUFZAI, IN PESHAWAR

Retired Major General Mohammad Javed, chief executive officer of Pakistan Steel Mills (PSM), has said a memorandum of understanding (MoU) between the governments of Pakistan and Russia where Moscow would help PSM’s expand production capacity from 1.1 million to 1.5 million tonnes per annum.…

BY RAHIMULLAH YUSUFZAI, IN PESHAWAR

The Pakistan government is considering a demand from ailing state-owned Pakistan Steel Mills (PSM) to exempt local iron ore from a 16% sales tax, ban its export or impose an export duty on its sale abroad.…

BY RAHIMULLAH YUSUFZAI, IN PESHAWAR

Pakistan’s steel sector has welcomed the relief offered by its government through reducing the sales tax paid on electricity used to produce steel billets, ingots and mild steel products. Irshad Mowjee, owner of a steel re-rolling mill in Karachi, said the decision would help curtail the cost of production and benefit both steel-makers and consumers.…

BY RAHIMULLAH YUSUFZAI, IN PESHAWAR

The Pakistan Iron and Steel Merchants Association (PISMA) is continuing to press or a 20% uniform customs duty on Pakistani imports of steel products, despite its calls being ignored in the recent Pakistan budget.

The association says the duty is needed to help protect the domestic industry from international price fluctuations.…