Search Results for: Pakistan
10 results out of 489 results found for 'Pakistan'.
PAKISTAN PRIME MINISTER NAWAZ SHARIF RESIGNS AFTER PANAMA PAPERS VERDICT
THE PANAMA Papers leak has claimed its latest high profile political scalp – Nawaz Sharif, 67, who has resigned as Prime Minister of Pakistan, following the unanimous decision, on July 28, by the country’s Supreme Court to disqualify him from office.…
INCREASING DOMESTIC WEALTH HELPS SPURS ETHIOPIAN KNITWEAR PRODUCTION GROWTH
AS Ethiopia rapidly emerges as a key clothing and textile hub of Africa, the country has been making impressive strides as a knitwear manufacturing and sourcing centre, attracting the attention of global clothing majors.
“International buyers are beginning to buy knitted clothes from Ethiopia including Zara, Tesco, H&M [Hennes & Mauritz] and Decathlon,” said Fassil Tadesse, president of the Ethiopian Textile and Garment Manufacturing Association (ETGAMA).…
PAKISTAN TEXTILE CITY IS DOOMED – PARLIAMENTARY COMMITTEE TOLD
In a move that will disappoint many textile manufacturers and exporters, the government of Pakistan has decided to abandon its plans to build a Pakistan Textile City near Karachi.
A senior government official at Pakistan’s ministry of textile industry confirmed to just-style that the federal cabinet’s economic coordination committee had approved winding up a Pakistan Textile City Ltd (PTCL), a special purpose vehicle for the project, after clearing the company’s liabilities and transferring its land to the Port Qasim Authority (PQA).…
PAKISTAN AND TURKEY APPROACH TRADE DEAL, WITH CONTRASTING FEELINGS BETWEEN COUNTRIES’ TEXTILE SECTORS
TURKISH and Pakistani textile executives are divided in their opinion about the likely benefits of the Free Trade Agreement (FTA) under discussion between Pakistan and Turkey, with Pakistan opinion in favour, but less enthusiasm in Turkey.
Seven rounds of talks between the two sides have taken place and further talks maybe staged in August.…
BRAZIL TEXTILE MARKET STRENGTHENS TIES WITH MENA COUNTRIES
THE LEAGUE of Arab States’ 22 countries have imported more Brazilian textiles and clothing between January and July of 2017 than during the whole of 2016, according to the latest industry figures from the Brazilian-Arabic Chamber of Commerce (CCAB – Câmara de Comércio Árabe-Brasileira).…
GOVERNMENT INCENTIVES PROMOTE FOUR AUTO INVESTMENT PROJECTS IN PAKISTAN
PAKISTAN’S ministry of industries and production has granted Category-A Greenfield investment status to four automobile manufacturing investors to set up manufacturing plants – effectively greenlighting their projects to establish auto-making plants in the country.
Shah Jahan Shah, spokesperson for Pakistan’s ministry of industries and production said he ministry had signed an agreement with these July 17 (2017).…
INDIAN EXPORTS OF SYNTHETIC TEXTILES TO PAKISTAN START TO GROW AGAIN, RECOVERING FROM PAST SHARP FALL IN TRADE
THE POLITICAL standoff between India and Pakistan may dominate the news headlines but India’s synthetic textiles, yarn and fibre are starting to find an increasing number of Pakistani buyers.
According to Kripabar Baruah, joint director, Synthetic and Rayon Textile Export Promotion Council (SRTEPC), exports to Pakistan that had fallen in 2014-5, and 2015-6, have grown in the current financial year (2016-17).…
PAKISTAN TEXTILE SECTOR LAUNCHES WORK STOPPAGES AND PROTESTS OVER GOVERNMENT FAILURE TO IMPLEMENT AID PACKAGE
PAKISTAN’S textile industry, including manufacturers of fabric, yarn, and garments, suspended production and organised protests nationwide on June 20, dubbing the protest ‘Black Tuesday’, over the government’s slow implementation of a promised USD1.7 billion relief package for the sector.
The All Pakistan Textile Mills Association (APTMA) organised the day of action, supported by the Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), All Pakistan Bedsheets And Upholstery Manufacturers Association (APBUMA), the All Pakistan Textile Processing Mills Association (APTPMA), the All Pakistan Cotton Power Looms Association, the Council of Loom Owners Association and other groups. …
INDIA’S LEATHER SECTOR HARMED BY GOVERNMENT CATTLE TRADE RESTRICTIONS
A sudden shortage of leather in India prompted by government religious policies on reducing cattle-related trades is forcing major fashion brands to look for alternative sourcing destinations. Even Indian fashion goods exporters are having to buy costly imports of raw leather to service existing orders.…
INTERNATIONAL REGULATORY ROUND UP – BANGLADESH POISED TO RATIFY EMERGING MARKET TRADE DEAL
GLOBAL knitwear outsourcing centre Bangladesh is expected to soon ratify the emerging market D-8 PTA preferential trade agreement, newspaper reports in Dhaka say, indicating the government may have loosened demands over rules of origin. Bangladesh has been pushing for its manufacturers to gain privileged access to D-8 markets (Iran, Indonesia, Malaysia, Pakistan, Nigeria and Turkey, as well as Egypt if it also ultimately ratifies), if 30% of value in a product is created within Bangladesh.…