Search Results for: Pakistan

BY PAUL COCHRANE

BANGLADESH’S US$100 million annual dye and associated chemicals market has reported double digit growth over the past three years on the back of the rapid expansion in the ready made garments and knitwear sectors.

"Bangladesh is a growing market for dyeing, especially since 2005 as more factories are opening," said Wohid Uddin Mahmud, managing partner in Technocrat Enterprise, agent for textile dyeing, washing and laundry machines for Italy’s Flainox, the US’s X-Rite and South Korea’s DaeLim Starlet.…

BY PHILIPPA JONES, DOMINIQUE PATTON and LUCY JONES

The growth in outsourcing within the clothing and textile sector worldwide has highlighted a key issue, and that is the relative merits of running an integrated company that handles basic production and design, or relying on a string of specialist suppliers to deliver the goods, from fibre supplies, to textile manufacture, design, clothing assembly and retail.…

BY PAUL COCHRANE

BANGLADESH’S fledgling anti money laundering and counter terrorist financing regime faces an uphill struggle, with the country ranked as one of the most corrupt on earth and money laundering equivalent to 13% of the country’s GDP. Furthermore, Abul Barkat, Professor of Economics at Dhaka University told the Money Laundering Bulletin, an estimated US$7 billion flows into Bangladesh through illegal alternative remittance systems, and there is an ‘economy within an economy’ generating some US$300 million in profits every year for Islamist political parties linked to fundamentalist and terrorist activities.…

BY ALAN OSBORN

A MAJOR strengthening of Canada’s regulations and programmes fighting money laundering and terrorist financing has taken place in 2008 and will continue into 2009, going a long way towards erasing the worryingly negative impression left by last year’s report by the Financial Action Task Force (FATF).…

BY JAMES FLYNN

RUSSIAN organised crime has left its fingerprints across eastern and western Europe in recent years. But now the gangs have begun to turn their sights on the international shipping industry, manipulating documents that are fundamental to the movement of international cargo for their own – usually money laundering – ends.…

BY SAEED AKHTAR BALOCH

PAKISTAN’s automobile industry, contributing 2.8 % to the country’s GDP by financial year (FY) 2006-7, has grown impressively this decade. But the sector’s growth may turn negative this year because of high inflation, especially rising steel prices, political uncertainty and overall economic recession in Pakistan and elsewhere.…

BY PAUL COCHRANE

THE SEPTEMBER 11, 2001 attacks on the US resulted in a raft of regulations to curb terrorist financing, but seven years on Al Qaeda is still at large, has adapted to the new regulatory environment to raise funds, and morphed into an international terrorist Hydra.…

BY PACIFICA GODDARD

CHINA’S entry into the World Trade Organisation (WTO) in 2002 and the recent end of quotas in the US and European markets have created gigantic changes in the textile industry worldwide, with developing markets like those in Latin America expected to suffer the most from these shifts.…

BY KEITH NUTHALL

A GLOBAL initiative is to be launched allowing developing countries to acquire nuclear power, without the concerns associated with proliferation and security that have followed the use of this technology in North Korea, Pakistan, Iran and elsewhere. Kuwait has become the latest country to back a proposed multinational nuclear fuel bank under International Atomic Energy Agency (IAEA) management, with the emirate offering US$10 million.…

BY KEITH NUTHALL

ETHIOPIA COMMODITY EXCHANGE OPENS

ETHIOPIA has opened a commodity exchange, designed to bring order to the country’s often chaotic food markets. Their informality effectively forces farmers to sell locally to traders they know and trust. This prevents commodities moving from regions where there is abundance to those where there are shortages, intensifying the risk of famine and for prices to plummet in districts with a production glut.…