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FAISALABAD: The National Bank of Pakistan (NBP) is ready to invest in the textile industry being the largest employment-providing and revenue-generating sector, said NBP President Arif Usmani.

Before the start of 2019 Copenhagen Fashion Summit from May 15, and roughly two years after announcing the Sympatex Agenda 2020 in January 2017 and the corresponding commitment to closing the textile loop for functional materials as quickly as possible, Sympatex is now raising the bar to the highest level when it comes its sustainability goals.

Five organizations have published a joint manifesto calling on EU policymakers to establish tools for a circular fashion system, namely Euratex (European Apparel and Textile Confederation), Federation of the European Sporting Goods Industry (FESI), Global Fashion Agenda (GFA), International Apparel Federation (IAF) and Sustainable Apparel Coalition (SAC).

NEW DELHI: Exporters of goods and services as well as suppliers to SEZ units are likely to get GST refunds automatically from June as the revenue department plans to introduce faceless scrutiny of refunds and faster claim settlement, an official said. Under GST, every person making a claim of refund on account of 'zero-rated' supplies has two options.

Exporters of goods and services as well as suppliers to the Special Economic Zone (SEZ) units are likely to get Goods and Services Tax (GST) refunds automatically from June 2019 as the revenue department prepares to introduce faceless scrutiny of refunds and faster claim settlement, reports Economic Times.

Last week, London-based start-up Favourup held a panel discussion between a panel of Instagram-based sustainability influencers about the perils of ‘fast-fashion’ and challenges of conscious consumption.

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