The Government plans to complete the division of the National Board of Revenue (NBR) into two separate wings by December, Finance Adviser Salehuddin Ahmed confirmed on Thursday.
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Customer numbers were up 4%, supported by gains in loyalty schemes, with My Waitrose membership increasing 6% and My John Lewis up 13%. Both retail brands outperformed their markets, with overall customer satisfaction reaching its highest level on record.
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Sanders, who previously served as the sportswear brand’s strategy director and interim CFO, will report directly to Gymshark founder and chief executive officer, Ben Francis. In his new position, he will oversee the retailer’s financial operations, focusing on sustainable growth, profitability and targeted investment.
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As the largest listed fast-fashion retailer in the world struggles with the effects of a weak currency and US tariffs on consumer spending, Inditex, the owner of Zara, announced a better start to its autumn sales on Wednesday.
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Trade Data
Textile stocks of Gokaldas Exports, KPR Mill and others surge by 7% on possible tariff U-turn
Following US President Donald Trump's statement on Truth Social that trade talks with India are still ongoing, shares of textile businesses surged up to 7% on Wednesday.
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Currently, under the bond facility, export-oriented enterprises can import raw materials and accessories duty-free, which are stored in bonded warehouses. However, if such imports are diverted to the local market, firms must pay the applicable duties.
