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Author Archives: CT Report

Pak Railways earns Rs 7,220m revenue for cargo transportation

Pakistan railways

KARACHI: The Pakistan Railways, which was once in financial crisis, has become a profitable institution as it generated revenue of Rs 7,220 million against the target of Rs 4,554 million in the last fiscal year i.e. 2014-15. At all, the Pakistan Railways was given an overall target of Rs 9,328 million for the FY 2014-15 however the institution surpassed the ... Read More »

Pakistan-Qatar traders should start joint ventures: Ghaznavi

LCCI

LAHORE: Former vice president of the Lahore Chamber of Commerce and Industry Syed Mahmood Ghaznavi and head of a trade delegation visiting Qatar, said that collaboration between Pakistani and Qatari businessmen would give a jumpstart to the mutual trade therefore businessmen of the both countries should start joint ventures (JVs). While addressing a meeting at Qatar Chamber of Commerce and ... Read More »

Dastagir assures smooth supply of urea to farmers

Khurram Dastagir Khan

ISLAMABAD: Federal Minister for Commerce Khurram Dastagir Khan held a meeting at Trading Corporation of Pakistan head office to review the operations and performance of the Trading Corporation of Pakistan for the period 2014-15 and first quarter 2015-16. The Minister for Commerce was informed that the federal government has released a sum of Rs 57.1 billion as subsidy on Urea ... Read More »

Lt. Gov. Tina Smith visits Merrifield to talk about industrial sector

ROBOTIC MANUFACTURING

DUBLIN: Lt. Gov. Tina Smith visited Merrifield to talk about an industrial sector that employs roughly 2,400 people in the Brainerd lakes area manufacturing. Smith spoke during Lakes Area Manufacturing Breakfast at Clow Stamping, which drew local government officials, business executives and legislators. Gov. Mark Dayton declared the week of Oct. 1-10 “Minnesota Manufacturers Week.” Smith’s remarks to the gathering ... Read More »

Spanish envoy calls on Finance Minister Ishaq Dar

Ishaq Dar

ISLAMABAD:  The Spanish envoy in Pakistan Carlos Cesar Morales called on Finance Minister Mohammad Ishaq Dar. During the meeting the Finance Minister that the Spanish companies were eager to invest in Pakistan in view of the economic performance of the last two years which was acknowledged by international rating agencies as well as financial institutions. He especially mentioned the fields ... Read More »

Ziaul Haq elected as president customs agent group KPK

election

PESHAWAR: Director Pak-Afghan Joint Chamber of Commerce and Industry, Vice Chairman All Pakistan Customs Agent Association Zia-ul Haq Sarhadi elected president of Customs agent group Khyber Pakhtunkhwa while Saqib Benori elected chairman of the same group. The meeting was held under the chair of Zia-ul-Haq Sarhadi. The participants on the occasion unanimously elected Zia-ul-Haq Sarhadi chairman for the customs agent ... Read More »

LCCI forms Council on Kalabagh Dam

lcci

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) decided to constitute “Council on Kalabagh Dam” that would pave way for early completion of this mega project. The Council would have experts, technocrats, business community leaders, ex-officio and representatives of the Chambers and other trade bodies in its fold. The decision of formation of this Council was made by the ... Read More »

US businessmen keen to invest in Pakistan: US diplomat

Pic-08-10-15

ISLAMABAD: Despite security issues and other concerns, many US companies were showing keen interest to explore Pakistan for investment and joint ventures, observed Cheryl J. Dukelow, Commercial Counselor, Embassy of the United States of America during an interaction with business community at Islamabad Chamber of Commerce and Industry. She said it was unfortunate that foreign media was not portraying true ... Read More »

Port Qasim Authority leases 253.81 acres of land on different prices

port qasim

ISLAMABAD (Sanaullah Khan): Port Qasim Authority leased out 253.18 acres of land to three companies, surprisingly on different prices during last two years on the directions of federal government. It has been disclosed in official documents of Ministry of Ports and Shipping exclusively available with Custom Today. According to these documents Port Qasim Authority leased 40 acres to Pak Suzuki ... Read More »

Belgium keen to enhance trade ties with Pakistan: Envoy

KCCI-Belgium

KARACHI: The Ambassador of Belgium, Frederick Verheyden informed that a multisectoral trade delegation from Belgium, comprising representatives of 12 leading companies, was currently on a visit to Pakistan to explore opportunities of enhancing trade between the business communities of the two countries. Exchanging views with KCCI office bearers during his visit to KCCI, the Belgian Ambassador added that many Pakistani ... Read More »

Private sector asked to utilize market intelligence tools for enhancing trade ‏

ICCI 1

ISLAMABAD: The private sector was the driver of economic growth in Pakistan and it should be more proactive to focus on utilizing market intelligence tools in order to make informed decisions and compete more effectively in national and international markets. This was observed by Esam Alqarara, UNIDO Representative while addressing business community at Islamabad Chamber of Commerce and Industry. He ... Read More »

ICCI concerns over declining financing to SMEs‏

ICCI 1

ISLAMABAD: The Islamabad Chamber of Commerce and Industry shown great concerns over the declining financing by commercial banks to Small and Medium Enterprises (SMEs) in Pakistan as reduced lending to SMEs would further weaken the economy, cause decline in exports and tax revenue collection and push up unemployment in the country. Atif Ikram Sheikh, president, Islamabad Chamber of Commerce and ... Read More »

LCCI’s Sheikh Arshad invites Spanish investors

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LAHORE: Spain and Pakistan have a lot to offer each other’s businessmen. Therefore, the two sides should work out new strategy to initiate joint ventures in the areas of common interest. “Being an emerging economy, Pakistan has lot of opportunities for foreign investors in the fields of energy, leather, textile, tourism, food products, infrastructure, agro-based products, livestock and various other ... Read More »

ANF arrests drug smuggler recover 60 kgs of charas

charas

PESHAWAR: Anti Narcotics Force Peshawar arrested a smuggler and recovered 60 kilogram chars from the hidden cavity of the car. Sources said that personnel of Anti Narcotics Force flag down a car on Kohat road Peshawar and after searching its hidden cavities, they recovered 60 kilogram chars from his possession. The identity of the persons could not revealed by the ... Read More »

CDA asks to repair broken roads of Islamabad Dry Port on priority basis

ICCI 1

ISLAMABAD: Islamabad Chamber of Commerce and Industry called upon the Capital Development Authority to repair the broken roads of Islamabad Dry Port and Industrial Areas on priority in order to facilitate the growth of trade and industrial activities. Atif Ikram Sheikh, president, Islamabad Chamber of Commerce and Industry said that Islamabad Dry Port road was broken for the last 10 ... Read More »

Businessmen hail CM’s intervention in WHT on banking transactions issue

Shahbaz, traders

LAHORE: Chief Minister Punjab Mian Shahbaz Sharif said that issue of withholding tax on banking transactions will be solved amicably. He was addressing a meeting of traders here at Chief Minister House on Monday. MNA Pervez Malik, LCCI Vice President and Political Assistant to Chief Minister Nasir Saeed, representatives of business community Ashraf Bhatti, Khalid Pervez, Anjum Mahmoob Butt, Naeem ... Read More »

Kenya keen to enhance trade volume with Pakistan

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SIALKOT: High Commissioner of Kenya in Pakistan Prof. Julius Kibet Bitok said that Kenya was intending to double the mutual bilateral trade volume with Pakistan from persisting US$ 600 million during the next two or three years, saying that the time was ripe to promote the strengthened mutual bilateral trade with Pakistan through enhancing the exports of tea, rice, traditional ... Read More »

Dar chairs meeting of Laws Review Committee

Ishaq Dar

ISLAMABAD: Federal Finance Minister, Mohammad Ishaq Dar chaired a meeting of the Laws Review Committee. The meeting discussed media reports that some bills that were passed by the Senate had lapsed since the National Assembly session had not been held. The meeting also reviewed in detail the progress for passage of the Anti-Money Laundering Amendment Bill 2014 as well as ... Read More »

LCCI lauds Sundas Foundation services to ailing humanity

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LAHORE: The Lahore Chamber of Commerce and Industry would continue to fulfill its corporate social responsibilities in a winsome manner. Organizations like Sundas Foundation are like a ray hope because of their matchless services to ailing humanity. These views were expressed by the LCCI president Sheikh Muhammad Arshad and vice president Nasir Saeed while talking to the Chairman of Sundas ... Read More »

Saudi envoy meets Ishaq Dar

FM Saudi Ambassador meeting

ISLAMABAD: The newly designated Ambassador of Saudi Arabia, Abdulah Marzouk Al-Zahrani paid a courtesy call on Federal Finance Minister, Mohammad Ishaq Dar. The Finance Minister while welcoming the Saudi Envoy, felicitated him on assuming his responsibilities and assured him of full support in undertaking his diplomatic obligations. Finance Minister Dar and the Saudi Ambassador on this occasion shared their deep ... Read More »