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Author Archives: CT Report

FIA nabs wanted human smuggler

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LAHORE: Federal Investigation Agency Anti-Human Trafficking Circle conducted a raid and arrested the most wanted human smuggler. According to Federal Investigation Agency spokesman, the team conducted a raid near Patriata (Muree) on tip-off to arrest the smuggler which remanine successful. Federal Investigation Agency arrested the red book accused Zulfiqar Bhatti from Patriata (Murree) after hectic efforts. The accused was also ... Read More »

ICCI condoles with bereaved families of helicopter crash

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ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Muzzamil Hussain Sabri , Senior Vice President M. Shakeel Munir, Vice President M. Ashfaq Hussain Chatha and and Group Leader Abdul Rauf Alam have expressed deep grief and sorrow over the tragic crash of an army helicopter MI-17 in Naltar Valley near Gilgit-Baltistan on Friday killing seven persons including five foreign ... Read More »

SSGCL awards second LNG terminal contract to Akbar Associates

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ISLAMABAD: The Sui Southern Company Limited (SSGCL) has awarded the contract of second LNG terminal to Akbar Associates who offered the lowest tariff of 49.87 cent per Million British Thermal Unit (mmbtu) for the LNG terminal. Akbar Associates Friday emerged as successful bidder for second LNG terminal by floating the lowest tariff. The SSGC had short listed two bidders for ... Read More »

Govt to spend Rs150 billion for improving rural roads network

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MULTAN: Provincial Minister for Agriculture Dr Farrukh Javed said on Saturday that CM Punjab’s Farm-to-Market roads programme would surely improve agricultural economy in rural areas and for this purpose, the Punjab government would spend Rs 150 billion in three years. Talking to a farmers’ delegation here, he said that rural roads programme would facilitate farmers, traders, students, and patients to ... Read More »

Govt puts country on road to progress: Abid Sher

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FAISALABAD: State Minister for Water and Power Abid Sher Ali said on Saturday the incumbent government had put the country on road to progress and prosperity and days were not far when the homeland would get rid of crises. Addressing a public meeting in Zulifqar Colony here Saturday, he said the PML-N government was giving priority to serve the masses, ... Read More »

Deliberations with IMF for 7th Review completed  

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ISLAMABAD: Pakistan and International Monetary Fund (IMF) has completed the detailed deliberations for the 7th review under Extended Funds Facility (EFF) programme. Pakistan’s delegation was led by Finance Minister Senator Mohammad Ishaq Dar whereas the IMF team was led by Harald Finger at talks held in Dubai, United Arab Emirates, the Finance Ministry said in a press release here. Ishaq ... Read More »

Mepco to purchase electricity from sugar mill

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MULTAN: The Multan Electric Power Company (Mepco) will purchase 4.5 megawatt electricity from Ashraf Sugar Mill and a Memorandum of Understanding (MoU) was also signed in this regard on Saturday. According to official sources, Ashraf Sugar Mill will provide 4.5 megawatt electricity to the Mepco at Rs7.82 per kilowatt rate while the agreement would be for one year. CEO Mepco ... Read More »

Port Qasim DC Athar Naveed always taking meals and power naps, complain importers

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KARACHI: Importers have strongly decried the attitude of Port Muhammad Bin Qasim Deputy Collector Athar Naveed, who pays no heed to the grievances of traders, despite the fact that he is the head of the principal appraiser and the appraiser. Importers said they found Athar Naveed always engaged in eating breakfast, lunch, dinner or snacks, or taking nap in his ... Read More »

Sudanese Ambassador inaugurates GCCI’s industrial exhibition

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SIALKOT: Ambassador of Sudan in Pakistan Ahmed Abdul Rehman Muhammad inaugurated the “Made in Gujrat” industrial exhibition held at Gujrat under the auspices of Gujrat Chamber of Commerce and Industry (GCCI). Sudanese Ambassador visited several stalls of Gujrat made products there and showed keen interest in fans. On this occasion, the Sudanese Ambassador stressed the need of promotion of bilateral ... Read More »

SCCI condemns proposed 5% sales tax on export sector

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SIALKOT: Sialkot Chamber of Commerce and Industry (SCCI) has expressed grave concern over Federal Board Revenue’s proposed plan to increase the sales tax on five export oriented sectors from 2 to 5 percent. SCCI President Fazal Jillani said that proposed levy of 5 percent sales tax on the exports of textile, surgical, carpet, sports and leather sector will have destructive effect ... Read More »

Bentley introduces its new Bentayga SUV’s insides, ahead of late 2015 debut

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LONDON: Bentley has introduced its new Bentayga SUV’s insides, ahead of a late 2015 debut. Revealed in a series of tightly cropped close-ups (see video above), viewers are shown the new SUV’s drive controls, instrument cluster, centre console and a short view of the dash design. The image follows the release last year of an image that shows the Bentayga’s ... Read More »

2016 Honda Pilot comes with 3.5-liter V6 now develops 280 horsepower, 260 lb-ft of torque, more than previous generation

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TOKYO: 2016 Honda Pilot engine will be more powerful. Indeed, the 3.5-liter V6 now develops 280 horsepower and 260 lb-ft of torque, 30 horsepower and 7 lb-ft more than the previous generation. This engine will be mated to a six-speed automatic gearbox while a nine-speed automatic transmission will be available in the high-end version of the Pilot. The latter gearbox ... Read More »

Mercedes-Benz G-Class lineup includes all-new edition 463 package, new 416-hp twin-turbo 4.0-liter V8

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BERLIN: Mercedes-Benz has disclosed a refreshed version of its G-Class 4×4. Hitting dealerships later this year, the new G-Class lineup includes the all-new edition 463 package and the new 416-hp twin-turbo 4.0-liter V8 previewed in the G 500 4×4² concept revealed at this year’s Geneva Motor Show. The venerable off-roader is more capable than ever. The big news in Mercedes’ ... Read More »

BMW facelifted 3 Series sedan, scheduled to arrive in South Africa in third quarter of 2015

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BERLIN: BMW has introduced facelifted 3 Series sedan. The updated range is scheduled to arrive in South Africa in the third quarter of 2015. The local lineup will comprise the 318i, 320i, 320d, 330d and 340i, as well as the stonking M3 Sedan. Transmission offerings will include a six-speed manual gearbox (with automatic throttle-blipping on downshift) and an optional eight-speed ... Read More »

Govt to spend Rs7 billion on promotion of IT sector in KP: Shahram 

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PESHAWAR: Khyber Pakhtunkhwa Senior Minister for Health and Information Technology, Shahram Khan Tarakai has said that the KP Government would spend Rs7 billion on the promotion of IT sector during the coming three years and for this purpose a comprehensive IT policy has already been formulated. The provincial government is working on making five departments paper free by replacing paper ... Read More »

Business community hails Rajwana’s appointment as Governor of Punjab  

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MULTAN: The business community of Multan Friday hailed appointment of Senator, Malik Rafiq Rajwana as Governor of Punjab and hoped business and industrial sector would get much needed boost during his tenure. President Multan Chamber of Commerce & Industry (MCCI) Mian Iqbal Hassan declared Senator Malik Rafiq Rajwana as the best lawyer, a good politician and a senior Muslim Leaguer. ... Read More »

Non-payment of acquired land: LHC summons Punjab CM on May 14  

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LAHORE: The Lahore High Court (LHC) Friday summoned Punjab Chief Minister Muhammad Shahbaz Sharif on May 14 on a petition against non-payment of compensation of land acquired by the government for a trust. The court also summoned former senior member of Board of Revenue Ishfaq Tarar on next date of hearing. Justice Ibad ur Rehman Lodhi passed the orders while ... Read More »

SECP registers 512 companies in April 

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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) during the April registered 512 new companies, witnessing an increase of 10 percent as compared to same period of last year. About 90 percent of them have been registered as private limited companies, while around 7 percent have been registered as single-member companies, says a press statement here Friday. Three percent were ... Read More »

Pak-Thailand to start dialogue on Free Trade Agreement: Khurram

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ISLAMABAD: Pakistan and Thailand would soon start dialogue on Free Trade Agreement as the Cabinet of Thailand has agreed to allow negotiations for the agreement with Pakistan. The Minister for Commerce, Engr. Khurram Dastgir Khan has said that the Ministry of Commerce would undertake intense trade diplomacy in the coming financial year to allow easy access to Pakistani exporters in ... Read More »

Banks/DFIs should adopt sustainable banking practices: Saeed

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KARACHI: Deputy Governor State Bank of Pakistan (SBP), Saeed Ahmed on Friday said that green and sustainable banking may support the Government in its efforts to overcome current electricity shortfall and help increase economic productivity. The Deputy Governor was presiding over a meeting to initiate Baseline Survey on Environmental and Social Risk Management (ESRM) in Pakistan, being conducted by International ... Read More »