Search Results for: Pakistan

The world’s clothing and textile sector is keeping a close eye on China’s National People’s Congress, which congregated in Beijing’s Great Hall of the People last Friday (March 5) in a ‘Two Sessions’ event to review and ratify the draft outline of the 14th Five-Year Plan (2021-2025).…

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.…

INTRODUCTION

Accounting software is crucial for any company wanting to expand on a sustainable basis, adding diversity in supply and customer relationships as they grow. The clothing and textile industry is particularly complex regarding its inputs and outputs. Production is also complex when manufacturers handle spinning, weaving, cutting and finishing.…

Anti-money laundering specialists may be focusing on how crypto-currencies and online transactions pose an increasing ML/TF risk, especially with Covid-19 encouraging ecommerce, but the reality is that cash remains the money launderers’ best instrument for moving dirty money.

That is the conclusion of Gabriel Hidalgo, a managing director at risk specialists K2 Integrity, in New York: “Cash is king for ML; it continues to be king; and on the majority of levels, illicit actors will continue to use cash,” he said.…

For a religion to be strong, it must be confident in itself: solid in its convictions and robust in its humility. While its true adherents should imbue its principles within their souls, such depth of faith should enable believers to accept others may follow a different creed.…

Asian clothing manufacturing associations, including major knitwear outsourcing hubs, are jointly developing ‘red line’ standards for sales to buyers, covering payment and delivery practices, planning and information exchanges and third-party negotiations.

The STAR Network of nine Asian federations has established five working groups to make detailed proposals as early as March.…

The Turkish digital printing sector was hard hit in 2020 by the Covid-19 pandemic, but as demand for garments and textiles has rebounded, so has demand for new printers. Turkey is set to become one of the world’s top three digital printers in terms of capacity and machinery, with the trend for smaller print runs and retailers seeking orders made closer to home being major growth drivers.…

EUROPE’S confectionery and sweet bakery association CAOBISCO has been pressuring the European Union (EU) to resolve a long-running trade dispute with the USA over aircraft manufacturing subsidies causing Washington to impose tariffs on European food exports. These include 25% duties on exports from the EU (including the UK) of raspberry, strawberry, apricot, peach and other jams; cherries and peaches; sweet biscuits from Germany; waffles and wafers from Britain and Germany; and an additional 25% on these jams when exported from Germany and France.…

CHEMICAL-based industries such as textile dyeing and finishing need to take care that trades involving products they make, have sold or are bought, are not being abused by money launderers to transfer the value of illicit proceeds across the world.

That is the message of the owner and operator of a specialist database that tracks the risk of products of any kind being exported and imported for the purposes of trade-based money laundering (TBML).…

QUANTUM computing is coming to fruition after decades of research and these new powerful systems will offer paint and coating manufacturers the opportunity to develop new chemicals and products unimaginable using classical computers.

These new computers excel in complex calculations needed to model molecules, especially those from nature, whose assessment are often at the core of designing new chemical solutions delivering new functionality and colour to paints and coatings.…