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Author Archives: CT Report

Fenner Dunlop business buys Conveyor Pulleys Australia


Sydney : PRESS RELEASE: BBCS, which is 100% owned by Fenner Dunlop Australia, is a supplier of conveyor products, belt-handling technology, materials-handling engineering and maintenance services in mining, among other industries. CPA designs and manufactures conveyor pulleys, fabricated steelwork and a range of structural and specialised project work for bulk-materials handling belt conveyor systems and other industrial markets worldwide. Fenner ... Read More »

Economic pessimism climbing: CPA Canada Business Monitor


TORONTO, Jan. 30, 2019 /CNW/ – Pessimism about the national economy over the next 12 months is growing among Canadian business leaders, according to a survey by Chartered Professional Accountants of Canada (CPA Canada). Pessimism soared to 35 per cent among the professional accountants in leadership positions surveyed for the CPA Canada Business Monitor in the fourth quarter of 2018. ... Read More »

US company recalls 18 tonnes of chicken nuggets that may contain rubber


Tyson Foods is recalling more than 18 tonnes of chicken nuggets that may have been contaminated with rubber, federal officials say. The products were recalled after the company received complaints of “extraneous material” found in its packaged White Meat Panko Chicken Nuggets, the US Department of Agriculture said Tuesday. Officials classified the recall under the Class I category, meaning there’s ... Read More »

Eurosceptic fears grow over a potential customs union pivot


London : After refusing to meet with Theresa May until she ruled out a no deal Brexit, Jeremy Corbyn finally held talks with the Prime Minister this afternoon. Accompanied by members of his inner circle – Seumas Milne and Karie Murphy – the Labour leader used the meeting to put May under pressure on the customs union. Corbyn discussed with ... Read More »

Turkey’s Expansionist Policy Exposed


The activities of the Turkish National Intelligence office (NIO) and the powerful Turkish Military Intelligence (MIT) have been exposed since the beginning of the so-called “Arab spring” in Syria, Egypt, and Lebanon. The cover of their agents was disclosed or their shipments of weapons destined to opposition groups in the various Arab countries were caught on suspicious ships flying dubious ... Read More »

Iran trade balance hits $678mn in 10 months


Tehran : Volume of foreign trade in the 10 months of current year exceeded $36 billion while trade balance of the country hit $678 million in the same period. In the same direction, Iran’s non-oil exports in the 10 months of the current year topped $36 billion and hit $36.35 billion at large. According to the latest IRICA statistics, Iran’s ... Read More »

Russia finds a willing commercial partner in Africa but at what cost?


Moscow : While protestors and police clashed on the streets of Zimbabwe, the country’s president Emmerson Mnangagwa was en route to Russia in search of help. Amid a growing economic crisis which has brought civilians out in force, Zimbabwe is not the first – and will not be the last – to send a politician to Moscow looking for aid. ... Read More »

Sadara awarded Saudi Customs’ AEO license


RIYADH : Sadara Chemical Company has been awarded certification by the Saudi Customs Authority as an Authorized Economic Operator (AEO), a status based on the global AEO program which facilitates movement of the company’s imports and exports, or supply chain, under standards established by the World Customs Organization (WCO). Sadara Chief Executive Officer Dr. Faisal M. Al-Faqeer accepted the certification ... Read More »

China bans pigs, wild boars and products from Mongolia

FILE - In this Feb. 23, 2015 file photo, container ships wait to be unloaded at the Port of Los Angeles. China has raised tariffs on $60 billion of U.S. imports in an escalation of their trade battle following a deadline for President Donald Trump’s latest increase. (AP Photo/Nick Ut, File)

Shanghai : China bans pigs, wild boars and products from Mongolia. * China’s customs said on Thursday it has banned pigs, wild boars, and products from Mongolia after the Asian country reported African swine fever outbreaks in mid-January * The ban, effective Tuesday, came as China battles the world’s fastest-spreading epidemic of the deadly disease on its own land, which ... Read More »

Pakistan certifies first organic cotton bale


RAHIM YAR KHAN: Balochistan marked the certification of Pakistan’s first organic cotton bale at a ceremony held at Kot Sabzal on Thursday. Balochistan’s Minster for Agriculture Engineer Zamrak Khan said the provincial government was committed to promoting organic agriculture throughout the province. He further said that Balochistan would be developing an organic agriculture policy soon. WWF-Pakistan Director General Hamad Naqi ... Read More »

Pakistan Refinery’s losses soar 13 times to Rs2.46b


KARACHI: Pakistan Refinery Limited’s (PRL) losses soared 13 times to Rs2.46 billion in the quarter ended December 2018 mainly due to a higher cost of sales compared to sales revenue and massive rupee depreciation against the dollar. “The losses were caused by a decline in gross refinery margins including an unprecedented decline in the price of motor gasoline (petrol), which ... Read More »

Asif Abbas relinquishes charge of post of Collector (OPS) Customs Adjudication Faisalabad


ISLAMABAD: Asif Abbas, a BS-19 officer of Pakistan Customs Service on his promotion to BS-20, has relinquished the charge of the post of Collector (OPS), Collectorate of Customs (Adjudication), Faisalabad.   Read More »

Dr Asif Jah relinquishes charge of post of DG (OPS) Reforms and Automation

collector appeals asif jah

ISLAMABAD: Dr Asif Mahmood Jah, a BS-20 officer of Pakistan Customs Service on his promotion to BS-21, has relinquished the charge of the post of Director General (OPS), Directorate General of Reforms and Automation (Customs), Islamabad.   Read More »

Asad Umar forms committee for re-functioning of Sialkot Export Processing Zone


SIALKOT: Following the pressing demand of Sialkot business community , the Federal Minister for Finance Asad Umer has formulated a special committee to find out possibilities and ground realities with effective recommendations within next two months to ensure the early re-functioning of the Export Processing Zone (EPZ) Sialkot , as the re-functioning of Sialkot EPZ could be helpful to jazz ... Read More »

Soyem of Sultan Mahmood will be held tomorrow


KARACHI: Soyem of (late) Sultan Mahmood of M/s Sultan Enterprises (ex-president KCAA) will be held on Friday (tomorrow), 1st February, 2019, after Juma prayers at “Masjid Aksari-IV”  behind Shell Petrol Pump near Millennium Mall, Rashid Minhas Road, Gulistan-e-Jauhar, Karachi. Ladies can also participate in dua and Quran Khawani which is arranged at home.   Read More »

Soyem of Malik Aslam tomorrow


KARACHI: Soyem of (late) Malik Muhammad Aslam father of Nadeem Malik, Naeem Malik and Sheraz Malik will be observed on Friday (tomorrow), 1st February, 2019  afte Maghreb prayer at his residence located at House No F5 Bath Island Clifton Block 7 near Teen Talwar. Relatives, friends and well wishers are requested to attend the Soyem and dua followed by dinner. ... Read More »

Bin Nakhira & Partners visits RCCI


RAWALPINDI: A three member delegation of Bin Nakhira & Partners, a litigation practice in the United Arab Emirates (UAE) led by Fernando Ortega, head of arbitration & enforcement, paid a visit to the Rawalpindi Chamber of Commerce and Industry (RCCI) here on Tuesday. While giving presentation on domestic and foreign clients on arbitral disputes and strategy and enforcement of domestic ... Read More »

Amended FTA with China to be finalised in mid-Feb

pak China

ISLAMABAD: In order to improve Pakistan-China trade relations, amendments in the Free Trade Agreement will be finalised in mid-February dialogue between the two sides. It is expected that in early March, both the countries will sign an amended FTA. According to details, Pakistan has prepared a draft document for amendments to the FTA, which has been shared with Chinese officials. ... Read More »

Gesture of govt to build five new dams including Chiniot Dam commendable


FAISALABAD: Commenting on a new item that government has given a positive nod to construct five dams in the country, Syed Zia Alumdar Hussain President Faisalabad Chamber of Commerce & Industry (FCCI) told that FCCI was fully cognizant of the repercussions of depleting water resources on national economy and had floated a proposal to construct Chiniot Dam about a decade ... Read More »

Lawyers & traders call for early completion of IHC building


ISLAMABAD: A delegation of Islamabad Chamber of Commerce and Industry led by its President Ahmed Hassan Moughal visited Islamabad District Bar Association (IDBA) to congratulate the newly elected President Chaudhry Khanzada and other office bearers. Speaking at the occasion, Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce and Industry said that delay in the completion of Islamabad High Court building ... Read More »