Search Results for: Pakistan

A CONSULTANT on the Asia textile and clothing industry has argued that a recent weak performance in Pakistan’s textile export segment should not be a concern for the country’s government, as long as ready-made-garment sales hold up. Indeed, industry expert and partner at Sydney-based Apparel & Textiles Industry (ATI) Group, Paula Rogers, told WTiN that Pakistan has made a strategic oversight by its past focus on textile processing.…

THE PAKISTAN government led by Prime Minister Nawaz Sharif is actively looking for the right minister to steer the textile sector out of its current distress, after former federal minister for the textile industry Abbas Khan Afridi stepped down in March.…

The Pakistan government has reversed a decision to increase a health certification fee charged for assessing meat and meat products, three weeks after it was issued, after meat exporters opposed the move. The federal ministry of national food security and research reversed on April the average 150% increase made on March 31.…

The meat industry in Pakistan is hoping an upcoming government budget will promote investment enabling the sector to hit a government target of doubling the country’s export earnings from the global halal food market by 2018. This would net Pakistan meat exporters USD600 million in annual export proceeds, compared to USD300 million now, according to Pakistan ministry of national food security and research figures.…

American pharmaceutical industry officials and trade groups remain cautiously optimistic that intellectual property (IP) negotiations with India can be resolved to the benefit of both nations’ medicine sectors. For now, however, India remains on a so-called ‘priority watch list’ of nations the US is urging to address key IP protection concerns.…

Sri Lanka’s government remains positive about the possibility of regaining its Generalised Scheme of Preferences Plus (GSP+) concession status from the European Union (EU), which would probably boost the country’s knitwear exports. This privileged trade access status might help the country’s clothing industry overall achieve an ambitious target of earning USD8.5 billion from exports by 2020.…

Despite a healthy growth in knitwear exports from Pakistan, the industry is concerned about a potentially harsh government budget, which is expected to be approved in June. There are indications the federal Pakistani government intends to hike sales tax rates from 2% to 5% on exports; impose a gas infrastructure development charge on businesses; and withdraw existing special subsidies that have benefited the knitwear sector.…

China will build its first high altitude airport in the Xinjiang Uygur Autonomous Region, located on the border of the Pakistan-occupied Kashmir, providing access to the remote but strategically important area. It will be constructed near Tashkurgan city, where Civil Aviation Engineering Consulting Company of China experts have recently visited three shortlisted locations.…

IN a fast-growing emerging economy such as Bangladesh, companies and consumers alike can sometimes play fast-and-loose with the truth to hide financial wrongdoing and commit frauds, but they will have to reckon with Bangladesh’s Comptroller and Auditor General Masud Ahmed and his staff.…

Bangladesh’s top auditor understands only too well the key role strong auditing can play in an emerging economy such as his own country – for good or ill. Indeed, he does not mince his words when he recalls the role auditors played in Bangladesh’s 2011 capital market collapse that ruined millions of small investors.…