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Author Archives: CT Report

High prices of sacrificial animals keeping buyers away

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SIALKOT: The high prices of sacrificial animals were keeping buyers away from sacrificial animals in local make-shift markets of sacrificial animals being established in Sialkot, Daska, Sambrial, Uggoki, Satrah, Daska, Chawinda, Badiana, Pasrur and surrounding areas. Though Eidul Azha was now fast approaching, the sacrificial animals including goats, sheep, cows, bulls and even camels reaching here in a small number, ... Read More »

APPMA demands withdrawal of increase in school fees

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LAHORE: All Pakistan Paper Merchants Association (APPMA) has condemned massive increase in school/collage fees by the private school owners and urged Punjab Chief Minister Shahbaz Sharif to take notice of the situation. According to a statement issued here, leader of APPMA Khawaja Nadeem Saeed Wayeen said that recent massive raise in school fees would give a big blow to the middle ... Read More »

MCCI rejects price hike in gas tariff‏

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MULTAN: Multan Chamber of Commerce termed the recent increase in the gas tariff damaging for the growth of industry and would promote further unemployment in the country. Multan Chamber of Commerce and Industry (MCCI) President Main Iqbal Hussain said the recent increase in the gas tariff is not acceptable at any cost and we will stop the payments of gas ... Read More »

LCCI polls: Traders assure full support to PLBFA candidate

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LAHORE: Traders and businessmen from Bilal Ganj, Badami Bagh Auto Parts, Anarkali and Branderth Road assured their full support and vote to candidates of the Progressive and Lahore Businessmen Front Alliance (PLBFA) during their visit to these markets. PLBFA chairman Ch. Muhammad Amjad and president Khalid Usman led the team of candidates for Corporate and Associate class of the Alliance, ... Read More »

US diplomat Jarrett Blanc meets Ishaq Dar

Ishaq Dar

ISLAMABAD: The visiting US Acting Special Representative for Afghanistan and Pakistan, Jarrett Blanc held a meeting with Finance Minister, Mohammad Ishaq Dar here. He was accompanied by senior officials of the US embassy. The also exchanged views about the planned visit of Prime Minister Nawaz Sharif to USA. Jarret Blanc said the US government and people looked forward to the ... Read More »

Bangladeshi HC stresses exchange of trade delegations

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KARACHI: Suhrab Hosain, High Commissioner of Bangladesh, while expressing dissatisfaction over limited trade volume of less than $1 billion between Pakistan and Bangladesh, stressed the need to exchange trade delegations, enhance people-to-people and institutional linkages between the two countries which would help in improving the existing meager trade volume. Exchanging views with KCCI President and managing committee members during his ... Read More »

HEC,YOK to enhance collaboration in the field of higher education

2 Ambassador Sohail Mahmood presentinga a book on Pakistan-Turkey relations to YOK President

ANKARA: The Higher Education Commission (HEC) of Pakistan and the Higher Education Council (YÖK) of Turkey reaffirmed the commitment to further intensify their mutual collaboration and promote deeper links between the institutions of higher learning in the two countries. The reaffirmation came during the meeting between Pakistan’s Ambassador to Turkey Sohail Mahmood and the YÖK President, Prof. Dr. M.A. Yekta ... Read More »

Pakwheels Auto Show attracts thousands of car enthusiasts

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ISLAMABAD: Pakwheels.com, Pakistan’s number one automotive website, returned to Islamabad at the 2F2F Karting Track in the Lake View Park. Seen at the fair were the latest models, international brands and motorcycles. The exhibit was divided in different categories such as sports cars, runners, classics, vintage cars (50s-80s), luxury cars, exotic cars, 4x4s and off-roaders. A 3D car project, introduced ... Read More »

ICCI calls for halt in raids on hotels, restaurants without warning‏

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ISLAMABAD: Islamabad Chamber of Commerce and Industry called upon the local administration to halt conducting raids on hotels and restaurants in Islamabad without first issuing warning as these activities were creating harassment in the business community. Muzzamil Hussain Sabri, president, Islamabad Chamber of Commerce and Industry said that ensuring cleanliness in hotels and restaurants was a good step on the ... Read More »

Promotion of tax culture must for economic stability: Dar

ishaq daar

ISLAMABAD: In line with the audit policy for tax year 2015, random computer ballots were held here to select cases for audit for tax year 2014 and tax period 1st July, 2013 to 30th June, 2014, in respect of income tax, sales tax and federal excise duty. The balloting was held at FBR House. Federal Minister for Finance Muhammad Ishaq ... Read More »

Pakistan, Turkey to further strengthens economic ties

1 Senator Iqbal Zafar Jhagra talking to Turkish Prime Minister while Ambassador of Pakistan looks on.

ANKARA: Senator Iqbal Zafar Jhagra, Secretary General of the Pakistan Muslim League (N), attended the 5th Statutory Congress of the Justice and Development Party (AKP) . Senator Jhagra is visiting Turkey on the instructions of Prime Minister Muhammad Nawaz Sharif to attend the Congress on his behalf. The AK Party Congress was convened in the run-up to the renewed Parliamentary ... Read More »

SBP launches SMS service for issuance of fresh banknotes on Eidul Azha

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KARACHI: State Bank of Pakistan in collaboration with Pakistan Banks’ Association (PBA) introduced a mobile SMS service for issuance of fresh currency notes to the general public. The move is aimed at further facilitating the general public in acquiring fresh currency notes on the eve of forthcoming Eid-ul-Azha. These fresh notes will be available from 335 selected commercial bank branches ... Read More »

LCCI hails SBP’s decision to cut interest rate by one percent

ijaz mumtaz

LAHORE: The Lahore Chamber of Commerce and Industry hailed SBP’s decision to cut interest rate by one percent and said that it will help stimulate private sector growth. According to a statement issued here, the LCCI president Ijaz A. Mumtaz said that the Governor State Bank deserves appreciation for bringing down the interest rate to seven percent. Ijaz A. Mumtaz, ... Read More »

Ireland revenue officers seize €500K cash at Dublin airport

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DUBLIN: A 36-year-old man was stopped at Dublin Airport today with €500,000 in cash concealed in his hand luggage. The money was seized by Revenue officers under Proceeds of Crime legislation following an intelligence-led operation. Officials say it was the largest seizure of cash this year. Revenue officers were granted a three-month detention order by Judge John Coughlan in the ... Read More »

Vohra protests govt.’s move to keep KCCI away from PM’s meeting

iftikhar vohra kcci

KARACHI: President of Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Vohra strongly protested federal government’s move to keep KCCI away from participating in a crucial meeting presided over by Prime Minister Mian Muhammad Nawaz Sharif in Islamabad which was held to discuss numerous issues being faced by the business and industrial community of Pakistan. According to a statement ... Read More »

KSA to invest in Pakistan’s power and energy sector‏

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ISLAMABAD: Prince Sultan Bin Saud Bin Mohammed Bin Saud Alkabeer of Almarai Company along with a delegation visited Islamabad Chamber of Commerce and Industry and showed keen interest to explore business opportunities in different sectors in Pakistan with special focus on power and energy sectors. He said Pakistan was a promising country for investment and his group wanted to invest ... Read More »

K-Electric and EasyPaisa build electronic payment channel for new connections

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KARACHI: K-Electric announced that the power utility further cemented its collaboration with Telenor’s EasyPaisa and payments for new connections for electricity could now also be made with ease at any EasyPaisa shop or via Easy paisa mobile accounts/wallets. This is first time that such an initiative has been launched in the power utility sector for accepting payments for New Connections ... Read More »

Hong Kong police bust people-smuggling syndicate

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HONG KONG: A people-smuggling syndicate which allegedly brought more than 200 Vietnamese illegal immigrants into Hong Kong to work over the past 12 months was broken up after local law enforcers arrested 18 people, according to police. Intelligence revealed a shipment of illegal Vietnamese immigrants from Shenzhen to Hong Kong was arriving in the city once a week, according to ... Read More »

US Court sentences prison to trailer driver for marijuana smuggling

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NEW YORK: A tractor-trailer driver from Barrie, Ont. was sentenced this week by U.S. District Judge Richard J. Arcara to 37 months in prison. Daniel Hebert, 42, had previously pleaded guilty to smuggling more than 100 kilograms of marijuana from Canada into the United States and failure to appear for court proceedings. Assistant U.S. Attorney Mary Catherine Baumgarten said Hebert ... Read More »

Malaysia Airlines inks long-term lease agreements with ALC

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KUALA LUMPUR: Malaysia Airlines Bhd (MAB) and Air Lease Corp (ALC) have signed long-term lease agreements for four new Airbus A350-900s. Powered by two Rolls Royce Trent XWB-84 engines, the A350-900 aircraft were from ALC’s order book with Airbus and would be delivered between the fourth quarter of 2017 and second quarter of 2018, MAB said in a statement. The ... Read More »