Page 15 - TEXtalks International April/May 2022

14

CBL goes for “Smart Factory 4.0” journey

Already aspiring to deliver “the greenest Saleemi in a recent Fireside Chat with Sourcing GSP+ Insights Report
ecosystem that denim has ever seen,” Crescent Journal founder and president Edward Hertzman.
Bahuman Limited is taking other supply chain
imperatives head on with the launch of its “Smart The factory is 27 percent through the upgrade. highlights Pakistan’s initiatives
Factory 4.0” journey and implementing tracing Beyond the “Smart Factory,” Crescent Bahuman
technology from PaperTale. The digitization Limited’s implementation of the
investments come as the denim manufacturer blockchain-enabled PaperTale will further help
aims to fortify its ongoing sustainability and the company reach its goal to make 80 percent to promote textiles
transparency initiatives with the support of more of its fabric with recycled materials by the end of
granular data. 2023. Crescent Bahuman, Pakistan’s first
vertically integrated denim facility, was
The “Smart Factory” update at Crescent inaugurated in 1995. Since then, CBL – as it is
Bahuman’s Lahore, Pakistan facility is designed lovingly known in the industry – has gone from
to give on-site managers real-time information on strength to strength by creating an eco-friendly
shop floor activity and other vital environment that enables its most important
sustainability-related metrics like water resources, our people, to develop and deliver to
measurements and its energy usage, noted clientele satisfaction.

Government to present business-friendly

budget: Miftah Ismail

Federal Minister for Finance and Revenue, Miftah Ismail, said that the government aimed at inclusive
and sustainable economic growth by presenting a pro-people and business-friendly budget for
2022-23. During a meeting with a delegation of the Federation of Pakistan Chamber of Commerce &
Industry (FPCCI) led by its President Irfan Iqbal Shaikh, the minister commended the budgetary
suggestions proposed by the chamber members for various sectors of the economy and assured that
the suggestions of all stakeholders would be given due regard.

The minister acknowledged the influential role of FPCCI in acting as a bridge between the government
and traders. He shared with a delegation that macroeconomic stability was a prime concern of the
present government. The current political situation is not good in Pakistan, and the
budget 22-23 is near.

There is a significant concern for the industrial and business people regarding the upcoming budget.
Earlier, the former government had shown some reasonable measures to bring Pakistan into a state
where ease of doing business was observed and praised by the international community. The
country’s textile exports boosted to the historical levels. Thus, industrialists are looking for the
upcoming budget to get maximum relaxation considering that the current government is known for its
business background.

April/May 2022