Search Results for: Pakistani

BY RAHIMULLAH YUSUFZAI

THE FLOODS that devastated Pakistan this past summer did not just destroy farmland and housing – they ruined many financial records and legal documents, making life that much harder for accountants in Pakistan. "We don’t know how to deal with the aftermath of the floods because there is still no mechanism on the part of the government or the private sector to cope with the challenges and difficulties that our accounting community is facing," said a senior chartered accountant Rafaqat Ullah Babar.…

BY RAGHAVENDRA VERMA

INDIA’S home ministry has confirmed to the Money Laundering Bulletin that it will approach the Financial Action Task Force (FATF) with formal claims and evidence alleging Pakistan’s key intelligence agency is counterfeiting Indian currency.

A senior official from the ministry said the Indian government would approach the international body in next two to three weeks.…

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EUROPEAN chemical industry federation CEFIC has called for a review of administration under European Union (EU) chemical control system REACH to help small-and-medium-sized companies (SMEs) deal with its burden. As the first key REACH chemical deadline of November 30 approaches, CEFIC director general Hubert Mandery has looked ahead to subsequent deadlines, which involve chemicals used in smaller volumes.…

BY KEITH NUTHALL

EUROPEAN Union (EU) heads of government have agreed to temporarily remove trade barriers and tariffs impeding Pakistani exports to Europe, helping the country recover from recent devastating floods. A European Council communiqué confirmed a "Firm commitment to grant exclusively to Pakistan increased market access to the EU through the immediate and time-limited reduction of duties on key imports."…

WINNERS

TURKEY

This was the year when Turkey really came into its own. With a well-established and successful clothing and textile industry, supping Europe, Russia and the Middle East, its industry this year laid claim to becoming a fashion centre. August’s Istanbul Fashion Week caught a lot of global attention with 21 catwalk shows, an audience of 40,000, and more than 500 overseas guests.…

BY KARRYN MILLER

AS trade barriers continue to diminish, clothing brands are becoming more global. However it is not as easy for the sizes of their goods to be quite as worldly. International players need to adapt their fits for different target markets but that level of adaptation varies by country.…

BY SAEED AKHTAR BALOCH

PAKISTAN’S tobacco industry, despite unfavourable circumstances such as the devaluation of its local currency the Pakistani Rupee (PKR), an unstable political situation, law and order problems, and the trade of counterfeit and smuggled brands of cigarettes, has fared well and grown at an average rate of 3% over the last five years.…

BY SAEED AKHTAR BALOCH and KEITH NUTHALL

IT is simple: when a country has political and civil turmoil, fighting a small civil war, hydrocarbon production will suffer. Indeed Pakistan’s oil and gas industry is not doing well, with oil and gas production already declining in 2008.…

BY PAUL COCHRANE

THE SEPTEMBER 11, 2001 attacks on the US resulted in a raft of regulations to curb terrorist financing, but seven years on Al Qaeda is still at large, has adapted to the new regulatory environment to raise funds, and morphed into an international terrorist Hydra.…

BY A SPECIAL CORRESPONDENT, in Lahore, Pakistan

REMARKS from the director general of the International Atomic Energy Agency (IAEA) Mohamed ElBaradei in a recent interview with the pan-Arab Al-Hayat newspaper showing concerns about Pakistan’s civil and military nuclear assets and Islamabad’s capability to protect these from extremists- have unleashed a great debate in and outside the country.…