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Author Archives: CT Report

Suzuki launches 2 all-terrain vehicles in India


MUMBAI: Suzuki has launched two all-terrain vehicles (ATVs) in India, marking its entry into the largely untapped space. The Ozark 250 leisure-ATV has been priced at Rs. 5.45 lakh, while the Quadsport Z400 sport-ATV is priced at Rs. 8.50 lakh (both prices ex-showroom Delhi). The Ozark 250 is powered by a 246cc, single-cylinder, 4-stroke, air-cooled engine that comes mated to ... Read More »

KPT shipping movement report

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KARACHI: Following were the movement of ships at Karachi Port during the last 24 hours, ending at 0700 hours on Tuesday. SHIPS SAILED: AL Mahboobah Hyundai Paramount SC Zhuhai APL Germany Oriental Jasmine SHIPS BERTHED: Agatam General Cargo Aqnandoussa Rice Oriental Jasmine Tanker ACX Crystal Container Ship Sima Prestige Container Ship EXPECTED SAILING DATE Pacific Bright 08/12/15 Formosa Falcon 08/12/15 ... Read More »

Google’s new Cardboard Camera app now available Google Play store

google app

LONDON: Google’s Cardboard Camera app will let you take 360 degree VR photos Either way, Google’s Cardboard Camera makes one thing clear: Google doesn’t want you to forget about VR. Google’s new Cardboard Camera app is now available in the Google Play store. Earlier this year during Google I/O, Google officially unveiled the new Photos application that would be finding ... Read More »

NASA approves an extended mission into the Kuiper Belt


WASHINGTON: NASA’s New Horizons spacecraft recently took the closest images ever of a distant Kuiper Belt object – demonstrating its ability to observe numerous such bodies over the next several years if NASA approves an extended mission into the Kuiper Belt. In this short animation, consisting of four frames taken by the spacecraft’s Long Range Reconnaissance Imager (LORRI) on Nov. ... Read More »

European stocks pull away at start, Stoxx Europe 600 plunges 0.5%


ROME: European stock markets were back in the red on Tuesday as concerns over slowing Chinese growth resurfaced after a disappointing set of trade data from the country. The Stoxx Europe 600 index SXXP, -0.85%  lost 0.5% to 370.64, after posting a 0.5% gain on Monday that broke a four-day losing streak. Tuesday’s trading mood was subdued from the start ... Read More »

Kazakhstan Linseed flax exports reach 25.7 KMT in Oct


ASTANA: Linseed flax exports from Kazakhstan reached 25.7 KMT in October, that  is the highest exports volume for the month. Taking into account 12.2 KMT having been exported in September, total exports for the first two months of the season has reached 37.9 KMT – 83% more than in September and October of 2014/15 MY. The main exports directions are ... Read More »

Japan stocks decline at end of trade


TOKYO: Japan’s stocks fell as a rout in oil and commodity prices dragged energy and material shares lower, outweighing a report showing the nation’s economy avoided a recession. The Topix index dropped 1 percent at the close in Tokyo, with miners and oil and coal producers leading declines. The Nikkei 225 Stock Average also lost 1 percent. Energy explorer Inpex ... Read More »

China’s exports slump again in Nov

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BEIJING: China’s exports slumped more than expected in November but the decline in imports slowed, a tentative sign that domestic demand is on the mend, figures showed Tuesday. November exports fell 6.8 percent from a year ago, dropping for a fifth month, while imports fell 8.7 percent over the same period, China’s General Administration of Customs said on Tuesday. The ... Read More »

Australian stocks close lower, S&P 200 down 47.1pts


SYDNEY: Major resources stocks haven fallen under intense pressure as commodity prices plunge to new lows, causing the sharemarket to close substantially weaker. Oil prices slumped about 5 per cent overnight to reach new seven-year lows after an OPEC summit on Friday, where member countries did not agree to lower production amid a supply glut. Meanwhile, the iron ore price ... Read More »

Taiwan’s exports decrease in Nov 2015


TAIPEI: Taiwan’s exports in November posted their steepest year-on-year drop in more than six years as demand failed to recover due to a weak global economy, figures showed Monday. Shipments last month fell 16.9 percent from November 2014, the most since August 2009 when exports plunged 24.6 percent, according to the Ministry of Finance. It was the tenth consecutive month ... Read More »

Taiwan stocks close below 8,400pts


TAIPEI: Shares in Taiwan closed below the 8,400-point mark Tuesday as investors were motivated by a fall on Wall Street overnight and the weakness of other regional markets to dump their holdings throughout the session, dealers said. Selling focused on large-cap stocks in both the electronics and financial sector, while petrochemical stocks came under heavy pressure amid an overnight plunge ... Read More »

China stocks end: Shanghai Composite drops 1.9pc


BEIJING: Chinese stocks fell the most in a week after trade data signalled a deepening slowdown in the nation’s economy and sinking crude prices dragged on oil companies. The yuan, meanwhile, headed for its lowest close in four years. The Shanghai Composite Index dropped 1.9pc to 3,470.07 at the close. Energy and material producers were the worst-performing industry groups after ... Read More »

Nasir Ghouri made Commissioner-IR (BTB) in Lahore


ISLAMABAD: Muhammad Nasir Khan Ghouri, a BS-20 officer of Inland Revenue Service, presently posted as Chief (BTB), Federal Board of Revenue (HQ), Islamabad, has been transferred and posted as Commissioner-IR (BTB), Regional Tax Office, Lahore, with immediate effect. According to the Board’s notification, if the officer is drawing performance allowance (equivalent to 100 per cent of basic pay), he will ... Read More »

Tiwana takes charge as SA to FBR chairman

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ISLAMABAD: Malik Amjad Zubair Tiwana, a BS-20 officer of Inland Revenue Service, has assumed the charge of the post of SA to the Federal Board of Revenue Chairman. Tiwana assumed the charge Federal Board of Revenue (HQ), Islamabad in pursuance of Board’s Notification No.2862-IR-I/2015 dated 07.12.2015. Read More »

Muzaffar Soomro assumes charge as Commissioner-IR (OPS)


ISLAMABAD: Muzaffar Ali Soomro, a BS-19 officer of Inland Revenue Service, has assumed the charge of the post of Commissioner-IR (OPS) Inland Revenue (Appeals-II), Karachi. The officer, iIn pursuance of Board’s Notification No.2795-IR-I/2015, dated 30.11.2015, relinquished the charge of the post of Commissioner-IR (OPS) (Zone-II), Regional Tax Office, Hyderabad, with effect from November 30. Read More »

Why monstrous early galaxies do not exist in modern universe?


HONG KONG: Astronomers have discovered a nest of massive baby galaxies 11.5 billion light-years away, which are seemingly placed at the junction of filaments of dark matter. The galaxies were discovered using the Atacama Large Millimeter/submillimeter Array, or ALMA, and are very helpful for better understanding how massive galaxies such as these are formed and how they evolve into elliptical ... Read More »

Finance Ministry to cut import duty on pipeline


WASHINGTON: The Finance Ministry is poised to cut import duty on up to 1,000 items in a bid to strengthen the country’s competitiveness, says the Fiscal Policy Office (FPO). The targeted items are intermediate and finished goods, director-general Krisada Chinavicharana said. He said the FPO had determined cutting import duty on 700 of the 1,000 items would not pose a threat ... Read More »

Astronomers discovered faintest galaxy ever detected


EUROPE: Astronomers have discovered the faintest galaxy ever detected, dating back to the early universe. The ancient structure, which has been nicknamed Tayna, is estimated to have existed around 400 million years after the tumultuous birth of our universe, which exploded into life 13.8 billion years ago. The observations that led to the discovery were carried out by the Hubble ... Read More »

Banks directed to establish special counters for pensioners


KARACHI: The Central Bank has directed all the banks to facilitate the pensioners, by establishing special counters for them in branches. According to a press release issued by the State Bank of Pakistan, the decision was taken in a meeting held in recent past and headed by Finance Minister Ishaq Dar. It was ascertained during the meeting that banks should ... Read More »

NASA releases best close-up images of Pluto’s stunning surface


WASHINGTON: New images taken by NASA’s New Horizons spacecraft offer the clearest, closest view yet of Pluto’s stunning surface. The photos were taken as the spacecraft made its closest approach to the dwarf planet in July, and were stored on New Horizons’ digital recorders before being transmitted to the space agency here on Earth. NASA released the photos on Friday, ... Read More »