Search Results for: Pakistani

BY SAEED AKHTAR BALOCH, in Lahore

WITH a long established food manufacturing sector and strong commodity production, the Pakistan food industry, one of the largest industries in the country, has grown with an average pace of 10% over the last three years.…

SAEED AKHTAR BALOCH, in Lahore

THE PAKISTANI biscuit and confectionery sector has been faring well, with 12-15% growth last year, but there are storm clouds on the horizons because of skyrocketing prices of sugar and flour. In recent years, these ingredient problems have been overshadowed by massive domestic demand, fed by more than 255 biscuit and wafer manufacturing units (42 mechanised) with an installed capacity of 47,000 metric tonnes for biscuits and 5,200 metric tonnes for wafers.…

BY PAUL COCHRANE, in Dubai
THE UNITED Arab Emirates’ (UAE) highly competitive food sector is expecting double-digit growth this year, driven by 7% annual population growth, booming foodservice and tourism sectors, and rapid economic growth.

Food producers and retailers in this economic powerhouse of the oil-rich Gulf say there is strong growth across the board, from fresh fruit to ready-made meals in the modern retail environment of the UAE, particularly in Dubai, which is undergoing a construction boom and the top destination for most expatriate workers and tourists.…

BY ANDREW SALMON, in Seoul
LAST October, South Korea was admitted as an observer to the world’s premier group of money laundering fighters – the Financial Action Task Force (FATF) and given the nation’s recent moves to strengthen its anti-money laundering regime its path to full membership in approximately two years appears smooth.…

BY PAUL COCHRANE, in Beirut

STRONG demand for leather luggage in the United Arab Emirates (UAE) is lining the pockets of tanners in Italy, Pakistan and Thailand.

According to a recent global online survey by marketing data company AC Nielsen, the UAE ranks among the top five countries worldwide for luxury branded luggage bags.…

BY PAUL COCHRANE, in Cairo

WITH the fight against money laundering and counter terrorism financing relatively new to the Middle East (the first plenary session of the Middle East and North Africa Financial Action Task Force

– MENA-FATF – was only held last year), financial institutions from the US and MENA met in Cairo for a Private Sector Dialogue (PSD) conference to discuss the implementation of international regulations in the region.…

BY KEITH NUTHALL
THE EUROPEAN Commission has released a detailed guide for European Union (EU) businesses wanting to profit in Pakistan, giving special attention to the textile and clothing sector’s technology needs, including for dying. It stressed that demand for environmental technology will be created by new national rules insisting on the better treatment of wastewater, with the manual noting “soda ash and various chemical dying products are the main effluents needing treatment”.…

BY KEITH NUTHALL
THE PAKISTANI government has launched formal disputes proceedings at the World Trade Organisation (WTO) over claims that Egypt is breaking global commerce rules by imposing anti-dumping duties on Pakistan match exports. Egypt introduced the tariffs because it says cut-priced Pakistani matches are unfairly eating into the domestic market share of Egyptian match producers.…

BY KEITH NUTHALL
PAKISTAN’S knitwear industry could receive substantial American cash injections under a US-Pakistan investment treaty now under negotiation between its government and the US Trade Representative office (USTR). American interest in Pakistani knitted goods is high, with knit apparel, yarn and fabric dominating (along with some other textile products) dominating the US$2.5 billion’s goods imported from Pakistan in 2003.…

BY KEITH NUTHALL
THE PAKISTANI textile industry could receive substantial American cash injections under a US-Pakistan investment treaty that is now under negotiation. American interest in Pakistani textiles is high, with knit apparel, miscellaneous textile products, cotton, yarn and fabric, woven apparel, and carpets dominating the US$2.5 billion goods imported from Pakistan in 2003.…