Search Results for: Pakistani

A former DEA agent who laundered money undercover to attack the Medellín and Cali cartels has called for a root-and-branch reform of AML, so that its vast resources target the most suspicious transactions and the professional launderers who facilitate them. Speaking to MLB, Robert Mazur, who offered ML services to drug kingpins such as Pablo Escobar in the 1980s and 1990s to undermine their criminal networks, said that many laundering techniques used then are still in use today.…

A protracted delay in announcement of a long-awaited government Pakistan Textile Policy 2020-25, despite drafts being debated for more than a year, is causing unrest and disappointment within the country’s textile business community. They say investors are being deterred from sinking much needed money into the country’s textile industry in the absence of any clear sectoral government policy.…

The Lahore-based Sapphire Group has been blazing a good practice example to Pakistan’s fabric manufacturing sector by focusing on innovation when many local competitors have failed to update their production practice and technology.

With an annual turnover of USD800 million and an asset base exceeding USD500 million, the Sapphire Group has been optimising its productivity though careful attention process timing targets.…

PAKISTAN’S paint and coatings sector is understandably suffering from Covid-19, which has hit the country hard with 276,288 cases and 5,892 deaths as of July 28. But the industry has been expanding and its executives hope for a sustained recovery once the pandemic has abated, ending the current series of rolling smart lockdowns targeting infection hotspots.…

ANTI-money laundering authorities in Nepal hope an upcoming 2020-21 review by the Asia/Pacific Group on Money Laundering (APG) will conclude this Himalayan state is at least largely compliant with all FATF recommendations and special recommendations, although experts admit the review will be tough.…

ANTI-money laundering authorities in Nepal hope an upcoming 2020-21 review by the Asia/Pacific Group on Money Laundering (APG) will conclude this Himalayan state is at least largely compliant with all FATF recommendations and special recommendations, although experts admit the review will be tough.…

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.…

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.…

PAKISTAN’S Punjab province is set to host a new textile and garment manufacturing hub established with a Chinese company’s investment under a private partnership arrangement. Beijing-based China Railway, the major state-backed public transport and infrastructure company has said will invest USD500 million in what it calls ‘a garment city’ spreading over 400 acres at Ferozepur Road, Lahore, the provincial capital of Punjab province.…