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Author Archives: CT Report

PIA ensures 1.5 tons air cargo from Faisalabad to Karachi

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FAISALABAD: Pakistan International Airlines (PIA) has ensured 1.5 ton air cargo from Faisalabad to Karachi, while Faisalabad to Jeddah flights would also be made nonstop, reduce traveling time from 8 to only 5.30 hours. District Manger PIA Qaiser Iqbal held a meeting with Syed Zia Alumdar Hussain, President Faisalabad Chamber of Commerce and Industry (FCCI) and discussed various matters relating ... Read More »

LHC orders removal of Shehbaz Sharif’s name from ECL

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LAHORE: The Lahore High Court on Tuesday ordered removal of the name of Pakistan Muslim League-Nawaz president Shehbaz Sharif from the Exit Control List. Shehbaz, who is also the leader of the opposition in the National Assembly, had filed a petition in the Lahore High Court last month to have his name removed from the no-fly list. Shehbaz’s counsel earlier ... Read More »

SC approves Nawaz Sharif bail on medical grounds for six weeks

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ISLAMABAD: The Supreme Court on Tuesday granted former prime minister Nawaz Sharif bail for six weeks to obtain medical treatment within the country. A three-judge bench headed by Chief Justice of Pakistan Justice Asif Saeed Khosa heard the former premier’s petition against a verdict by the Islamabad High Court (IHC) to not grant him bail on medical grounds in the ... Read More »

Ex-PM Shahid Khaqan Abbasi appears before NAB in LNG contract case

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ISLAMABAD: Ex-prime minister Shahid Khaqan Abbasi on Tuesday before Combined Investigation Team (CIT) of National Accountability Bureau (NAB) in connection with alleged corruption in liquefied natural gas (LNG) contract award. Abbasi, who also remained petroleum minister, appeared before NAB’s CIT and the members of Combined Investigation Team asked different questions from him. During the previous appearance the CIT also handed ... Read More »

Post Clearance Audit recovers Rs71.60m on account of DTRE from M/s Tetra Pak (Pakistan) Ltd

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LAHORE: Directorate of Post Clearance Audit (PCA), Lahore has recovered Rs 71.60 million on account of duty and tax evasion from Duty & Tax Remission for Export (DTRE) user, , official documents disclosed. The document showed that the company engaged in manufacturing of packing material for dairy and juice industries obtained DTRE approval no KCUS/262/20072016 dated 20-07-2016 but raw material ... Read More »

DG Valuation issues customs values of Magnesium Silicate (fruit Ripener/Ethylene Ripener)

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KARACHI: The Directorate General of Customs Valuation has issued customs values of Magnesium Silicate (fruit Fipener/Ethylene Ripener) through Valuation Ruling No: 1356/2018 under Section 25A of the Customs Act-1969. Earlier, there were several representations from importers in the meeting held on 12.3.2019 in which they contended that customs values of Magnesium Silicate (Fruit Ripener/Ethylene Ripener) are not reflective of the ... Read More »

ICCI calls for urgent promulgation of new rent control law

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ISLAMABAD: Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce & Industry has called upon the government to arrange the passage of amended bill of new rent law from parliament for early promulgation of a balanced rent control act in Islamabad in order to resolve the longstanding issue of local traders. He said this while addressing a meeting of local traders ... Read More »

Customs Preventive to hold auction of impounded vehicles on March 28

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KARACHI: Collectorate of Customs Preventive will hold auction of confiscated vehicle on March 28, 2019 at Anti-Smuggling Organizations (ASO), Ghasbandar, East Wharf  Karachi. The following vehicles will be offered for the auction: Mitsubishi Pajero Jeep ( Used) GS-2000 Model-1994 Used Lexus Car – Reg No. UC – 868 -Model – 2006. Used Toyota Premio Car VVT – Reg no. AAH ... Read More »

Governor Punjab awards “Sitaara-e-Imtiaz” to Khawaja Masud Akhtar

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SIALKOT: Government of Pakistan has conferred upon Sitaara-e-Imtiaz to Sialkot based leading soccer balls manufacturer and exporter Khawaja Masud Akhtar in acknowledgement of his decades long meritorious services for Sialkot’s sports goods industry and bringing modern manufacturing and technical  innovations and advanced technologies to Sialkot industry as well. Governor of Punjab Ch. Muhammad Sarwar awarded “Sitaara-e-Imtiaz” to Khawaja Masud Akhtar ... Read More »

RCCI ask authorities to stop harassing taxpayers

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RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) President Malik Shahid Saleem has expressed grave concern on a new wave of harassment against tax payers. He said in recent wave false cases (FIRs) being registered against Mian Muhammad Idrees, a renowned business personality, former President of Federation of Pakistan Chambers of Commerce and Industry, (FPCCI) and also CEO Sitara ... Read More »

Ex-CM Qaim Ali Shah granted pre-arrest interim bail in fake accounts case

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  ISLAMABAD: The Islamabad High Court (IHC) on Tuesday granted pre-arrest interim bail to former Sindh chief minister Qaim Ali Shah in a case pertaining to money laundering through fake accounts. Shah, who is to appear before NAB today, expressed apprehensions that NAB officials may arrest him upon his appearance before the investigation team, and requested the IHC to grant ... Read More »

KCCI seeks notification carrying July 1 as implementation date of SRO 237

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KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda has requested Advisor to PM for Commerce Abdul Razak Dawood to instruct relevant department to inform all concerned about the implementation date of SRO 237(I)/2019 i.e. July 1, 2019 to prevent blockage of clearance of pending consignments and direct the Ministry of Commerce & Textile (Commerce Division) to ... Read More »

Pakistan’s ranking in Ease of Doing Business likely to improve further: BoI

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ISLAMABAD: The Board of Investment (BoI) is optimistic about Pakistan’s ranking in Ease of Doing Business would show considerable improvements and come down below 100 in the next World Bank rankings scheduled to be released in May. The BoI is evaluating performance of ease of doing business reforms in Karachi and Lahore and subsequent reports will be presented in cabinet ... Read More »

NAB transfers Asad Munir’s record to chairman

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ISLAMABAD: National Accountability Bureau (NAB) Rawalpindi on Tuesday transferred the record pertaining to Brig. (r) Asad Munir, who allegedly committed suicide earlier this month, to chairman Justice (r) Javed Iqbal, sources said. A day earlier, the NAB chairman had decided to hold an inquiry into the alleged suicide of Brig (r) Munir, who was under inquiry by the probe body. ... Read More »

Spike in volume of duty-unpaid liquor seized last year

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The volume of duty-unpaid liquor seized last year hit a three-year high, the latest figures from Singapore Customs showed. It shot up to 39,490 litres in 2018 from 1,610 litres the previous year, an increase of more than 24 times. The figure stood at 15,280 litres in 2016. Read More »

Turkish aid agencies reach cyclone-hit Mozambique

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Turkish aid agencies on March 24 reached to Mozambique, an East African country which was hit hard by a cyclone. The aid agencies – National Medical Rescue Team of Health Ministry, the Turkish Red Crescent, Turkey’s Search and Rescue Association (AKUT) – along with the coordination of Turkey’s Disaster and Emergency Management Authority (AFAD) were greeted by Turkish envoy Zeynep ... Read More »

Saudi beats Russia to top spot among China crude oil suppliers in Feb

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BEIJING/SINGAPORE: Saudi Arabia was China’s biggest crude oil supplier in February, data from the general administration of Chinese customs showed on Monday, reclaiming the crown from Russia after ranking no. 2 in January. After having been China’s second-biggest crude supplier for three straight years on an annual basis, the kingdom is ramping up sales to China via supply deals with ... Read More »

Hong Kong holds inter-departmental counter-terrorism exercise

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HONG KONG, : Hong Kong held its first large-scale inter-departmental counter-terrorism exercise on Monday at a park on the Hong Kong Island. The exercise, codenamed “Powersky”, was organized by the Hong Kong Special Administrative Region (HKSAR) government’s Inter-departmental Counter Terrorism Unit (ICTU) and participated by about 270 members from six disciplined services, namely the Hong Kong Police Force, the Immigration ... Read More »

China’s Feb coking coal imports from Australia fall 21pc

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BEIJING: China’s coking coal imports from Australia slumped 21 percent in February from a year earlier as traders reported lengthy checks on Australian cargoes at several ports. Australian supplies were at 1.16 million tonnes last month, according to data released by the General Administration of Customs on Monday, compared to 1.47 million tonnes in February 2018. Traders have cut purchases ... Read More »

China Feb soybean imports from US rise as trade dispute eased

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BEIJING: China’s imports of soybeans from the United States in February surged from January as the cargoes booked following a truce in the trade war between the two countries arrived, according to customs data published on Monday. China brought in 907,754 tonnes of US soybeans in February, up from 135,814 tonnes in January, the General Administration of Customs said. However, ... Read More »