Pakistan

Authorities in Pakistan have arrested 3 men accused of starting the 2012 Ali Enterprises fire that killed over 250 people. Police say they tracked the men to a hideout behind a local market and apprehended after a brief armed standoff. The men, who admitted to being affiliated with a local political party, admitted their involvement in the incident, saying that they were told to go to Baldia Town and spread gasoline throughout the factory to set it on fire. (The News International)
 
The government of the Punjab province has secured a major investment into its textile sector from a prominent Chinese bank. The funds were secured during a recent visit by Punjab’s Chief Minister to Beijing, where officials at the Industrial and Commercial Bank of China promised billions of dollars in investment to Punjab’s textile sector as well as a guarantee to work to secure funding from other major world sources. The China National Textile and Apparel Council (CNTAC) has also expressed interest in investing in a new Apparel Park in Sheikhupura. (Fibre2Fashion)