Islamabad—Due to high price of cotton and yarn
in the local market, exporters may fail in
fulfilling the European and American apparel
export orders worth one billion dollars for
Christmas. Chairman of the Pakistan Cotton
Fashion Apparel Manufacturers and Exporters
Association, Dr Shahzad Arshad said if measures
were not taken to check the export of cotton and
yarn there would be a further decline in the
Pakistani apparel exports.
Islamabad—The current detonating security
situation of the country, and no clear policy by
the Ministry of Tourism made Pakistan to drop
its world tourism ranking from 111 last year to
113 in 2009. According to a report of the World
Economic Forum Pakistan ranked 113 out of 130
countries in 2009 as the country’s fail travel
and tourism regulatory framework and no good
policy by the government, affects tourism
industry in Pakistan.
Islamabad—The Minister for Ports and Shipping,
Babar Khan Ghauri, told that three ships
belonging to Pakistan National Shipping
Corporation (PNSC) were detained at different
ports of the world for allegedly non-payment of
financial claims of past three years.
Sydney—Withdrawing Australia’s government
stimulus now would interrupt the recovery
underway, Treasurer Wayne Swan said Sunday as he
warned the country was not immune to the risks
to the global economy. Swan said the
government’s 70 billion dollar (64 billion US)
stimulus, credited with helping Australia avoid
a recession, had already peaked and was
gradually winding down.
Dubai—Danube Building Materials has opened its
new Dh20 million ‘Danube Buildmart’ retail
complex in Fujairah. Shaikh Abdulla bin Hamad
bin Saif Al Sharqi inaugurated the showroom on
behalf of Shaikh Hamad bin Saif Al Sharqi,
Deputy Ruler of Fujairah. Located on the main
shopping street in Fujairah, the 35,000 square
feet facility is the fifth branch of Danube’s
retail complex concept in the UAE.
