Search Results for: Pakistani

Pakistan has launched disputes proceedings at the World Trade Organisation (WTO) signalling it wants to challenge countervailing duties imposed by the European Union (EU) on Pakistani exports of certain polyethylene terephthalate (PET). In an unusual case brought by Pakistan against the EU, Islamabad is arguing that the European Commission mishandled an investigation prompting EU ministers to impose protective measures, compensating European PET-makers for Pakistan government tax breaks and subsidies.…

Pakistani meat exporters are optimistic that the Iranian government will lift an import ban imposed in early 2014 on Pakistan-produced meat following a meeting on Wednesday (April 22) between the country’s trade ministers.
Khurram Dastagir Khan, Pakistan’s commerce minister and Mohammed Reza Nematzadeh, Iran’s minister for industry, mines and trade met in Tehran at a scheduled session of the Pakistan Iran joint trade committee.…

THE PAKISTAN government has told the World Trade Organisation (WTO) that it will proactively seek foreign direct investment (FDI) for its clothing and textile sector as it seeks to leverage its GSP+ preferential trade access to the European Union (EU).
In a statement following the conclusion of a WTO trade policy review on Pakistan, Islamabad said: “There is bright potential for FDI in power, liquefied natural gas (LNG), gas, infrastructure development and petro-chemicals’ sectors.…

PAKISTAN has been improving its anti-money laundering and combating the financing of terrorism (AML/CFT) regime according to international watchdogs, while its military takes increasingly tough action against hardline Islamist groups.
For instance, Pakistan has drawn up a 20-point National Action Plan (NAP), agreed upon by Pakistan’s political and military leadership to fight terrorism; this has helped focus further attention on the need to tackle money laundering and terror financing as part of a comprehensive law-and-order strategy.…

With Bangladesh’S economy set to continue growing and local cotton production expected to remain insignificant, cotton imports are set to double by 2021, said industry players and experts attending the country’s first Global Cotton Summit. The two-day event (March 20-21) in Dhaka, was jointly organised by the Bangladesh Cotton Association (BCA) and Bangladesh Textile Mills Association (BTMA).…

THE PAKISTAN government has launched a diplomatic offensive to improve trade relations with Turkey, which it hopes will enable its textile sector to win back Turkish market share lost after Turkey initiated safeguard measures against Pakistani textile products in 2011. Turkey introduced a special high 42.2% safeguard tariff (called MHF Cess) on Pakistani knitwear and textile garment exports to protect its industry.…

Pakistan’s ministry of textile industry has begun implementing a textile industrial policy for 2014-2019, despite concerns by manufacturers’ associations that it may fail to deliver on its goals. The ministry has set up committees to work toward achieving its targets and interacting with the industry to seek its input and support.…

THE EUROPEAN Union (EU) has stalled a bid by Pakistan to launch a World Trade Organisation (WTO) case focused on its complaints about against EU countervailing duties levied on certain Pakistani PET (polyethylene terephthalate) exports.
EU diplomats used their right to block the establishment of a disputes panel to adjudicate the row, at a meeting yesterday (Monday Feb 23) of the WTO disputes settlement body (DSB).…

India and Pakistan are trying to remove barriers that are hindering the trade of cotton and textile between these two neighbouring countries, however deep-rooted historic and political resentments continue to hinder progress.
These have helped put out of reach a major trade deal that would sweep away import-export barriers, despite the governments of both countries having relatively new electoral mandates.…

THE EUROPEAN Aviation Safety Agency (EASA) has warned airlines to “exercise extreme caution if planning to fly into, out of, within or above Pakistan airspace,” because of increased risks of ground-based terrorist attacks on planes.

A EASA safety information bulletin cites a AIC France circular issued by DGAC-France requiring French operators not to fly in Pakistan airspace (OPLR – Lahore and FIR OPKR – Karachi) below flight level 240 (around 7,400 metres in altitude).…