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The world gets flatter

The surprise announcement from China's Ministry of Finance that from the June 1, 2015 it will make a hefty cut to import duties on a wide range of products including footwear is a real indication that the Chinese Economy is struggling more than expected. It became clear at the APLF in Hong Kong that reports on China were likely underestimating the problems and in reporting the duty reduction Reuters said that it is primarily intended to "help bolster domestic consumption ... to prop up a faltering economy" which indicates we were right. 

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Tanners welcome decision not to continue gas duty

The Pakistan Tanners Association (PTA) South Zone on January 19 hailed parliament’s gesture to defer the decision of extending the continued recovery of Gas Infrastructure Development Cess (GIDC), which, they say, is unjustified and pushing up the cost of doing business.

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