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Author Archives: CT Report

Sindh constructs 582.56km roads with Rs8.87b Japanese grant

zinara roads

KARACHI: About 582.56-kilometre roads have been constructed with a Japanese grant of Rs8.87 billion. This was revealed by Works and Services Department Secretary Aijaz Memon during a meeting chaired by Sindh Chief Minister Qaim Ali Shah. The secretary said that Sindh Road Improvement Project is being launched for $197.8 million with the assistance of Asian Development Bank. The ADB will ... Read More »

Korea decreases import duty

imports

SEOUL: The Korea–Australia Free Trade Agreement (KAFTA) is already delivering strong export returns to Australian farmers – returns that will continue to rise with a third round of tariff cuts today. Minister for Agriculture and Water Resources, Barnaby Joyce, said the next round of tariff cuts would deliver increased returns for Australian agricultural products destined for Korea. “The third round of ... Read More »

Dy Superintendent Abid punished for inefficiency, misconduct

FBR 6

ISLAMABAD: Malik Abid Hussain, Deputy Superintendent (BS-16), Model Customs Collectorate, Islamabad, has been punished for inefficiency and misconduct. As per details, disciplinary proceedings were initiated against the officer under Government Servants (Efficiency & Discipline) Rules, 1973 for various acts of omission and commission on his part. Abdul Waheed Marwat, Additional Collector (BS-19), MCC, Islamabad was appointed as Inquiry Officer to ... Read More »

Dy Superintendent Arif exonerated from charges levelled against him

FBR 5

  LAMABAD: Arif Zaman Dar, Deputy Superintendent (BS-16), Model Customs Collectorate, Islamabad, has been exonerated from the charges levelled against him. As per details, disciplinary proceedings were initiated against the accused officer under Government Servants (Efficiency & Discipline) Rules, 1973. Abdul Waheed Marwat, Additional Collector (BS-19), Model Customs Collectorate, Islamabad was appointed as inquiry officer to probe into the charges ... Read More »

Gulf markets hope for better in 2016

stocks

DUBAI: Middle Eastern stock markets ended a grim year with mixed performances yesterday, but there were signs they could fare better in 2016. Saudi Arabia, Dubai, Egypt and other regional bourses were caught in an emerging market downturn this year and the Gulf was hit by shrinking oil revenues, while a severe foreign exchange shortage plagued Egypt. There is likely ... Read More »

Customs Appraisers Babar, Hamood acquitted

FBR1

  ISLAMABAD: Babar Gulzar and Hamood-ur-Rehman, Appraisers (BS-16), Model Customs Collectorate (Port Muhammad Bin Qasim), Karachi, have been exonerated from the charges levelled against them. As per details, disciplinary proceedings were started against the accused officers under Government Servants (Efficiency & Discipline) Rules, 1973. Muhammad Tahir, Additional Collector (BS-19), Model Customs Collectorate of Appraisement (East), Karachi was appointed as inquiry ... Read More »

Chinese authorities crack down on forex market

china

SHANGHAI: Chinese authorities are starting to police the nation’s foreign-exchange market in a way currency traders have rarely seen before, levying penalty payments for aggressive trading and prompting some banks to turn down business. With the nation’s growth at its weakest in 25 years and the currency heading for a record fall this year, China is aiming to stem the ... Read More »

India cuts import duty on gold, increses on silver

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NEW DELHI: The government marginally reduced the import tariff value on gold to $345 per 10 grams but raised it to $452 per kg on silver due to global price trends. During the first fortnight of this month, the tariff value on imported gold was fixed at $347 per 10 grams and $448 per kg for silver. The import tariff ... Read More »

Bangladesh Customs at loggerheads over aircraft search

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DHAKA: Civil Aviation Authority, Bangladesh (Caab) and Bangladesh Customs are at loggerheads over whether the latter’s officials should go through security checks during raids, something proving detrimental to efforts to seize smuggled gold at Hazrat Shahjalal International Airport. The rift surfaced though media reports on Tuesday night when Caab officials asked a customs team to register names and go through ... Read More »

US medical imaging import software industry 2015

medical imagine

WASHINGTON: The United States Medical Imaging Import Software Industry 2015 Market Research Report is a professional and in-depth study on the current state of the Medical Imaging Import Software industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Medical Imaging Import Software market analysis is provided for the United States ... Read More »

Exports of surgical goods up 3.59% in July-Nov

34. Surgical Instruments

ISLAMABAD: Exports of surgical goods and medical instruments registered 3.59 percent increase during first five months of current financial year as compared to corre-sponding period of last year. During the period from July-November, 2015 surgical goods and medical instruments worth US$ 144.7 million exported as against the exports of US$ 139.12 million of same period last year. According the data ... Read More »

Ukrainian woman arrested for smuggling cocaine candies  

GUAN BENG KANG / RAMPASAN DADAH KOKAINE

GEORGE TOWN: A 22-year-old Ukrainian woman was detained yesterday for allegedly smuggling in cocaine wrapped as candies after she arrived at the Penang International Airport. The foreign drug mule carried the cocaine wrapped as chocolate candies on board a domestic flight in two pieces of carry-ons. She arrived about 11am. State Narcotics Department chief Superintendent Guan Beng Kang said the ... Read More »

Mumbai Air Customs seals 3 offices at airport

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MUMBAI: Mumbai Airport Customs on Tuesday sealed the offices of Airport Health Organisation (APHO), Air India and Mumbai International Airport Limited (MIAL) inline baggage, as they are located just before the green channel raising security concerns. However, the airline’s office was unsealed after a few hours. Sources from the customs department claimed that the step was taken after GVK, which ... Read More »

Trade at Mumbai Port suffers due to shortage of labour

TRICHY AIRPORT

MUMBAI: Mumbai and Nhava Sheva Ship Agents Association (MANSA) has conveyed their disappointment to Mumbai Port Trust over the extreme inconvenience faced by vessels calling at the port due to acute shortage of cargo handling workers. MANSA, in a letter addressed to the Chairman of Mumbai Port Trust states, “The Port is not in a position to allot the required ... Read More »

Govt marginally reduces import tariff value on gold

gold

NEW DELHI: The government on Thursday marginally reduced the import tariff value on gold to $345 per 10 grams but raised it to $452 per kg on silver due to global price trends. During the first fortnight of this month, the tariff value on imported gold was fixed at $347 per 10 grams and $448 per kg for silver. The import ... Read More »

MIDF allocates RM150mil in soft loans for automation

malaysia

BANGI: Malaysian Industrial Development Finance Bhd (MIDF) is providing RM150mil in financing next year for the Soft Loan Scheme for Automation and Modernisation (SLSAM). Deputy Minister of Trade and Industry, Datuk Ahmad Maslan, said the allocation was part of the RM750mil set aside for the scheme under the 11th Malaysia Plan. “Since 2007, MIDF has approved loans totalling RM1.5bil under ... Read More »

Malaysia’s public Mutual declares RM188m distributions for 11 funds

malaysia

KUALA LUMPUR: Public Mutual has declared more than RM188mil in distributions for 11 funds for the financial year ended Dec 31, 2015. The mutual fund, which manages RM66.6bil of funds, said on Thursday said the distributions ranged from 0.5 sen to 4.5 sen per unit. It declared three sen per unit for the Public Savings Fund; Public Focus Select Fund ... Read More »

FBR extends date of filing income tax returns till Jan 31

fbr

  ISLAMABAD: Federal Board of Revenue (FBR) has extended the date of filing of income tax returns for the Tax Year 2015 till January 31, 2016, said a circular. The Board, exercising the powers conferred upon it under Section 214A of the Income Tax Ordinance, 2001, extended the date of filing income tax returns/statements of final taxation, which was due ... Read More »

Nigerian Customs generates N4.9b revenue in Jan-Nov

revenue

ABUJA: The Kaduna/Katsina command of the Nigerian Customs Service has generated N4.9 billion from January to November this year. Customs Area Comptroller, Gidado Bala Muhammad who disclosed this while addressing newsmen said the figure was a little above the sum of N4.5 Billion realised by the command last year. He said the command also seized goods that included rice, cooking ... Read More »

Fake customs officer arrested for impersonation

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ABUJA : A cleaner who stole the uniforms of a high ranking customs officer to impersonat‎e him has been  apprehended by officials of the Nigerian Security and Civil Defence Corps  (NSCDC) after they noticed that his attitudes fell short of that of a paramilitary personnel. The Adamawa State Commandant of the NSCDC, Muammadu Durumin-Iya said his men on suspected a ... Read More »