Search Results for: Pakistan

THE PAKISTAN government has reduced customs duties on importing machinery used in the livestock and meat industry from 5% to 2% to encourage investment and development in the livestock and meat industry.

Incubators, brooders and animal feedstuffs machinery are among the imports that will see duties reduced in this way.…

Pakistan’s largest multi-industry conglomerate, the Fauji Group, has launched the country’s biggest and state-of-the-art halal abattoir and meat processing and exporting unit near Port Qasim, Karachi. The Fauji Meat Ltd (FML) subsidiary-run facility, which has been fully operational since April (2016), has a daily production capacity of 100 tonnes of meat (85 tonnes of beef and 15 tonnes of mutton, according to a company note) in both frozen and chilled categories per day for worldwide export, and cost an estimated USD75 million to build.…

Pakistan remains a source of concern to global anti-money laundering (ML) authorities even though the Financial Action Task Force (FATF), the world’s leading AML organisation, removed the country from its monitoring process last February (2015). Then, FATF cited Pakistan as having made “significant progress” in improving its AML and CFT (combating the financing of terrorism) regime.…

It gets exceedingly hot in Riyadh in the summer, with the mercury rarely below 40 degrees Celsius, but that does not deter Moazam Shah from going for his evening run around the residential compound he lives in with his family.

After six years in the Kingdom of Saudi Arabia, Pakistani national Shah has acclimatised to exercising in extreme heat: “It’s a time for myself, to catch up on my thoughts,” he told Accounting & Business at the Ritz-Carlton Hotel in Manama, Bahrain.…

Indonesian negotiators must press harder to make progress on the European Union (EU)-Indonesia free trade agreement or textile manufacturers risk losing market share to neighbouring competitors like Vietnam, according to the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia). Its chairman Ade Sudrajat told WTiN.com…

DETAILS have been released about knitwear and yarn tariffs that will be scrapped regarding products exported and imported between Vietnam and the European Union (EU) under their new trade deal. The full text of the agreement struck last August (2015) has been released and shows how the EU is prepared to remove its tariff barriers to Vietnam knitwear exports.…

Turkish denim firms have roared onto the global market in recent years, impressing consumers, terrifying the competition.

These companies are aided by Turkey’s high quality cotton – particularly that produced in the country’s Aegean region on the west coast. Aegean premium cotton is renowned for its ability to retain paint and for its softness and absorbency, all without genetic modification.…

PAKISTAN’S textile sector is struggling as exports are declining, with producers unable to compete with regional countries such as Bangladesh and Vietnam,

Jawed Bilwani, chairman of the Pakistan Apparel Forum has told WTiN.com. In an interview he warned that looking at trade data for financial year 2014-15 compared to 2013-2014: “Our textile exports are declining persistently and are in a state of emergency.”…

SPECIAL trade access to developed countries is always a boon to emerging market suppliers, and the European Union’s (EU) GSP+ system is especially sought after, and – noted a recent European Commission report – widely utilised.

GSP+ suspends EU duties on 66% of EU tariff lines, while for standard GSP, these same duties are merely reduced.…

THE PAKISTAN government has unveiled a new five-year industrial plan aimed at growing the country’s automotive manufacturing sector. The government says it will waive import duties on materials and technology needed to establish new auto plants in Pakistan and also reduce import duties charged on auto parts once these factories are operational.…