Search Results for: Pakistan

BY RAHIMULLAH YUSUFZAI

THE FLOODS that devastated Pakistan this past summer did not just destroy farmland and housing – they ruined many financial records and legal documents, making life that much harder for accountants in Pakistan. "We don’t know how to deal with the aftermath of the floods because there is still no mechanism on the part of the government or the private sector to cope with the challenges and difficulties that our accounting community is facing," said a senior chartered accountant Rafaqat Ullah Babar.…

BY RAHIMULLAH YUSUFZAI

Pakistan tobacco industry rides out floods

Pakistan’s tobacco industry was hit hard by the huge monsoon floods this summer, but it could have been much worse if the floods had come earlier. Much of the tobacco crop had been picked in time.…

BY RAGHAVENDRA VERMA

INDIA’S home ministry has confirmed to the Money Laundering Bulletin that it will approach the Financial Action Task Force (FATF) with formal claims and evidence alleging Pakistan’s key intelligence agency is counterfeiting Indian currency.

A senior official from the ministry said the Indian government would approach the international body in next two to three weeks.…

BY KEITN NUTHALL

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THE NORTH Atlantic Treaty Organisation (NATO) is taking the threat of cyberattacks on business and government computing networks so seriously, it is staging cyberwarfare trials. The world’s strongest military alliance in November held the Cyber Coalition 2010 exercise near Mons, Belgium, and remote locations to test cyber-attack agencies and NATO strategic decision making.…

BY KEITN NUTHALL

RUSSIA is so corrupt, it is regarded as having more graft than earthquake-shattered Haiti, the 2010 corruption perceptions index of Transparency International has declared. It placed Russia at 154th out of 178 countries in its corruption rankings, level with failed narco-state Guinea-Bissau and worse than Haiti (146th) and Pakistan (143th).…

BY MARK ROWE

WHEN it comes to palm oil production, there are – despite growing production in South America and west Africa – only two major players on the global stage – Malaysia and Indonesia. Cultivation in south-east Asia accounts for around 80% of the world’s global supply – which in turn reached a record high of 45.9 million tonnes in 2009-2010.…

BY MJ DESCHAMPS

THE EUROPEAN Commission has unveiled its formal proposal for the suspension of European Union (EU) import duties on 75 tariff lines of export items from Pakistan for the next three years, with the aim of boosting EU imports by Euro EUR100 million.…

BY MOHAMMED YUSUF

Aga Khan University plans major new Tanzania campus

Mohammed Yusuf

The Aga Khan University – the Pakistan-based international multi-site higher-education institution – is planning to open a new campus in Arusha, Tanzania. The campus would house an arts and science faculties and educate up to 3,000 students from across east Africa.…

WINNERS

TURKEY

This was the year when Turkey really came into its own. With a well-established and successful clothing and textile industry, supping Europe, Russia and the Middle East, its industry this year laid claim to becoming a fashion centre. August’s Istanbul Fashion Week caught a lot of global attention with 21 catwalk shows, an audience of 40,000, and more than 500 overseas guests.…

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EUROPEAN chemical industry federation CEFIC has called for a review of administration under European Union (EU) chemical control system REACH to help small-and-medium-sized companies (SMEs) deal with its burden. As the first key REACH chemical deadline of November 30 approaches, CEFIC director general Hubert Mandery has looked ahead to subsequent deadlines, which involve chemicals used in smaller volumes.…