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Author Archives: CT Report

FBR transfers principal appraisers and appraising officers

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KARACHI: Federal Board of Revenue (FBR) has notified transfers and postings of principal appraisers and appraising officers of the Customs Department with immediate effect. PA Shahid Hussain Rizvi is moved from MCC Port Qasim to MCC Gwadar, PA Tougique Ahmed Shaikh from Appraisement East to Appraisement West, PA Tariq Ahmed Mahesar from MCC Port Qasim to Transit Trade Karachi, PA ... Read More »

ICCI recognizes good performance of ICT police

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ISLAMABAD: The Islamabad Chamber of Commerce & Industry held a ceremony to recognize the good performance of police officers and Jawans of Islamabad Police who had traced and arrested the gang that was hitting Chinese nationals in the country. Dr. Sultan Azam Temuri IGP, Janeeb ur Rehman  Bugvi SSP Operations, Zubair Ahmed Sheikh SP Investigations and other police officers and ... Read More »

UNIDO conducts training on renewable energy & energy efficiency

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KARACHI: President Karachi Chamber of Commerce and Industry Muffasar Atta Malik has said that the Industries need reliable and affordable energy to become productive and competitive whereas they must also find an appropriate balance between growing demand for energy and responsibility to protect the environment. Speaking at the Top Management Awareness Training Session on Renewable Energy & Energy Efficiency organized ... Read More »

KPT ships movement, cargo handling report

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KARACHI: Following were the movements of ships and cargo handling at the Karachi Port Trust (KPT) during the last 24 hours, ending at 0700 hours on Tuesday. SHIPS ARRIVED: Jpo Ataif Container Ship Jupiter Leader Car Carrier Yukon Star Tanker Prosper Container Ship Northern Javelin Container Ship Hong Fa Shang Hai General Cargo Sima Genesis Container Ship Navig8 Azotic Tanker ... Read More »

Seafood exports up 14.43pc in 9 months, 42.67pc in March

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ISLAMABAD: The exports of fish and fish preparations witnessed increase of 14.43 percent during the first three quarters of the current fiscal year against the exports of the corresponding period of last year. Pakistan exported seafood worth $315.597 million during July-March (2017-18) against the exports of $275.807 million in July-March (2016-17), showing growth of 14.43 percent, according to latest data ... Read More »

NAB approves reference in land fraud case

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ISLAMABAD: National Accountability Bureau (NAB) has approved reference against former Naib Tehsildar, Muhammad Ramzan and others for allegedly causing Rs 19.833 million loss to national exchequer. The other accused are former Revenue Patwari, Rab Nawaz Khan, Saqib Taj Din and Muhammad Zain ul Abidin. As per details, the accused Muhammad Ramzan, former Naib Tehsildar, Rawalpindi in connivance with Rab Nawaz ... Read More »

Pak rupee slightly recovers against dollar

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ARACHI: The Pakistan rupee Tuesday slightly recovered against the US currency in open market. As per local money market, the dollar lost five paisas in open market for buying at 117.95 and for selling at 118.30, while it remained firm in interbank at Rs 115.50 for buying and Rs 115.70 for selling. On Monday, the dollar gained 75 paisas to ... Read More »

Jordan tax law changes expected to be ready in May

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AMMAN:  Income Tax Law are expected to be endorsed by the Cabinet in the first half of May, Minister of State for Media Affairs Mohammad Momanisaid on Monday. At a press conference that followed a Cabinet session earlier in the day, Momani, who is also the government spokesperson, said that the tax evasion, which can be similar to theft, is among ... Read More »

Taiwan MOEA team to probe imports of Chinese steel

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TAI PEI: Economic Affairs has formed a task force to probe anti dumping and anti-subsidy charges against certain steel imports from China. International Trade Commission said in a statement that the commission plans to hold public hearings on Wednesday and Monday next week to collect feedback from concerned parties and gauge public opinion before formally launching the investigation in a ... Read More »

Qatar-Georgia investment protection pact on cards

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DOHA: Ambassador of Qatar to Georgia, H E Mubarak bin Nasser Al Khalifa has said that an agreement between Qatar and Georgia to enhance and protect investments will be soon signed. “Soon a joint agreement between two countries aimed at enhancing and protecting bilateral investments will be finalized for which discussions are underway,” he said while talking to a group ... Read More »

Oman Arab Bank hosts forum of chief risk officers

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MUSCAT: Oman Arab Bank (OAB), one of the country’s leading financial institutions, recently hosted the Institute of International Finance (IIF) Middle East and Africa Chief Risk Officer Forum. The forum brought together risk officers from IIF member financial institutions across the Middle East and Africa region to exchange ideas and valuable insights on key current topics in risk and their ... Read More »

Oman to participate in Kuwait furniture expo

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KUWAIT CITY: The Sultanate of Oman will take part in the International Furniture and Decoration Expo (Style Home) in Kuwait, which opens on Wednesday. The Sultanate will be represented by the Public Establishment for Industrial Estates (PEIE). The Sultanate’s participation is in line with its keenness to promote Omani products locally and internationally. The exhibition aims at introducing import, export ... Read More »

Ukrainian sunoil exports decreased 11% in 2018

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KIEV: According to the State Fiscal Service of Ukraine, Ukrainian sunoil exports totaled 1.41 MMT to an amount of USD 1.06 Bl in January-March 2018 that was down 11.07% year-on-year. The top sunoil importers at the time included India (USD 507.85 Ml worth), Iraq (USD 71.59 Ml worth) and Spain (USD 66.23 Ml worth). Sunoil supplies to these countries totaled ... Read More »

Spanish cherry season delayed upwards of two weeks

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MADRID: Spain’s leading cherry production regions are set for a season delay of 15-20 days in 2018, according to a release from the country’s Federation of Fruit, Vegetable, Flower and Live Plant Grower Exporter Associations (FEPEX). Following a meeting of the group’s Cherry Committee, representatives from the three main production regions – Extremadura, Aragon and Catalonia – indicated there would be ... Read More »

KPT shipping intelligence report

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KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Tuesday. ALONG SIDE (Bulk Oil Pier) OP-I Lahore D. Crude Oil PNSC 22/04/18 OP-II Yukon Star L. Molasses East Wind 23/04/18 OP-III Navig8 Azotic D. SB Oil Transtrade 24/04/18 ALONG SIDE (East Wharves): 2/3 Ruby Star L. Wheat WMA Shipcare ... Read More »

Rice exports increases 27.67% in 9 months

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ISLAMABAD: Rice exports from the country during first 9 months of current financial year increased by 27.67 percent as compared the exports of the corresponding period of last year. During the period from July-March, 2017-18, about 3,132,997 metric tons of rice worth US$ 1.494 billion exported as compared the exports of 2,681,253 metric tons valuing of US$ 1.170 billion of ... Read More »

FIA arrests youth for harassing woman

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LAHORE: The FIA Cyber Crime Circle (CCC) Lahore has arrested a youth involved in harassing a woman on social medial.  According to FIA spokesman, Jameela Begum of Lahore filed a complaint that accused Mehr Imtiaz Ali black mailed her daughter and harassed her. The FIA team conducted a raid at Sabza Zar and arrested the accused. The team also recovered ... Read More »

Greece Outperforms Primary Surplus Target for Third Year in a Row

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ATHENS: Greece has recorded a primary surplus of 4.0 percent of GDP, or 7.080 billion euros, in 2017, according to data released on Monday by country’s independent statistics agency (ELSTAT). This is the third year in a row that Greece outperforms the target outlined under the bailout agreement. The target for 2017 was set at 1.75 percent. A government official, speaking to ... Read More »

Financial System Remains Stable says Bank Indonesia

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JAKARTA: The financial system remains stable and the bank intermediation function continues to improve, Bank Indonesia (BI) Executive Director for Communications Agusman stated. “Maintained stability in the financial system is reflected in the high Capital Adequacy Ratio (CAR) of the banking industry, reaching 23.1 percent, and liquidity ratio, 23 percent, in February 2018,” Agusman noted in a statement on Monday. ... Read More »

Gratest year ever for makers of Italy’s parmesan cheese

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ROME: That figure, released Monday by Italy’s Parmigiano Reggiano consortium, represents 3.6 million wheels produced of the cheese, commonly known as parmesan in English. While Italians still eat the majority of parmesan produced, exports are also rising, increasing by nearly 4 percent from 2016 to hit 51,000 tonnes, or 38 percent of total production. France and Germany were the top ... Read More »