Search Results for: Pakistan

EUROPEAN sugar users’ association CIUS has warned about slow progress within the talks between the European Union (EU) and the UK over a permanent relationship after the current transitional Brexit period expires on December 31. The CIUS wants this period extended – a step that the British government is currently refusing to take.…

Kabeer Naqvi, CEO of U Microfinance Bank Ltd, one of Pakistan’s fastest growing businesses, is clearly a man in a hurry. His bank – branded U Bank – is digitising quickly as it grows its deposits and its important lending business, that is pulling many thousands of Pakistanis out of poverty and into lives of sustainably growing income.…

PAKISTAN’S textile sector is in dire need of additional investment for modernisation and innovation in order to keep pace with its main regional competitors, industry insiders have warned.

They claim investment has been slashed in the past five years and the industry has been hit with high import tariffs on raw materials meaning programmes to upgrade machinery and other innovation projects have only continued at a sluggish rate.…

THE FINANCIAL Action Task Force (FATF) has said that Iran’s failure to implement AML/CFT controls means that member countries and their financial institutions should consider taking all the precautions mandated by its guidance for high risk ML states.

Its February 19-21 plenary said that Iran still needed to remove an exemption for controls on designated terror groups’ financing when such organisations are “attempting to end foreign occupation, colonialism and racism” – which is taken to include groups opposing Israel.…

Millions of documents leaked from UK-based corporate services firm, Formations House, have revealed the ultimate beneficial owners of some 400,000 secret offshore companies as well as the alleged criminal activities of some. The firm operates from a front office located at 29 Harley Street, in central London, with back office support reportedly coming from Pakistan.…

PAKISTAN’s clothing and textile sector hopes that 2020 will be a big year for Chinese investment – as Chinese companies look to move production to outsourcing centres, such as Pakistan, that have lower labour costs than China, but nonetheless a skilled workforce, and government incentives through reduced taxes and duties.…

GLOBAL and regional public policies promoting environmental good practice and fighting climate change have long encouraged the growth of renewable energy production. And with concern about global warming sharpening, these goals – pushed by international and regional organisations and development banks – are here to stay.…

E-cigarette manufacturers in the United Kingdom pondering a Brexit from the European Union (EU) that is currently scheduled for January 31 are hoping to benefit from looser rules than currently apply in the EU, if the UK does quit the EU.…

With an improving law and order situation, business-friendly policies from its elected government, and incoming Chinese investment under the Beijing-backed CPEC (China-Pakistan Economic Corridor) programme, Pakistan is becoming an increasingly attractive location for foreign direct investment, especially in the textile and clothing sector, an international conference has been told.…

With Pakistan’s digital textile printing industry production growing at an average of at least 5% annually in recent years, according to the All Pakistan Textile Mills Association (APTMA), with the country’s digital textile printing industry being an important focus of investment in a sometimes-troubled textile sector.…