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Author Archives: CT Report

Pakistan’s engineering qualifications recognised by FEIAP


ISLAMABAD: The Federation of Engineering Institutions of Asia and Pacific (FEIAP) has recognised Pakistan as first economy in its recently meeting held at Penang in Malaysia. The FEIAP accreditation system has been supported by the United Nation Education Scientific Cultural Organization (Unesco), which aims to give equal status of Engineering Qualification among the member countries. A high-level meeting held Thursday, ... Read More »

CPEC route’s 335km Khunjerab-Raikot Highway completed


ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) route’s the Northern Alignment (335km Khunjerab – Raikot Highway) has been completed with Chinese assistance. State Minister for Parliamentary Affairs Sheikh Aftab Ahmed Thursday apprised the National Assembly that the construction of CPEC route from Khunjrab to Gwadar is underway. Replying to various questions during Question Hour, he said that the CPEC route consisted ... Read More »

Country’s economy performed well in 2015: SBP report


ISLAMABAD: The State Bank of Pakistan (SBP) Thursday reported that though some sectors did not show good performance, however, the country’s overall economy performed satisfactory during the current calendar year 2015. Responding to calling attention notice regarding the weaknesses in the economy of Pakistan as pointed out by SBP, Parliamentary Secretary Finance, Rana Afzal told the National Assembly that the ... Read More »

Three Brownsville men sentenced jail on drug smuggling charges


AUSTIN: Three Brownsville residents who pleaded guilty to smuggling drugs through Valley International Airport in Harlingen and McAllen Miller International Airport have been sentenced to federal prison. Mario Enrique Patlan, 44, and his daughter Cristina Patlan, 22, appeared Tuesday before U.S. District Judge Andrew S. Hanen where he sentenced both to 48 months in prison. Reymundo Abel Brown, 27, was ... Read More »

US kraft paper shipments increase 3% in Nov 2015


WASHINGTON: U.S. total kraft paper shipments in November 2015 were 130.3 thousand short tons, 3% higher compared to November 2014, as the American Forest & Paper Association said in the press release received by Lesprom Network. Bleached kraft paper shipments decreased from 9.4 thousand short tons in October to 6.8, while unbleached kraft paper decreased from 139.8 to 123.6 thousand ... Read More »

Shipping movement report of Karachi Port


KARACHI: Following were the movement of ships at Karachi Port during the last 24 hours, ending at 0700 hours on Thursday. SHIPS SAILED: Danica Sunrise Ismail Deeb V Jaeger Kota Nazim Privaegean Hammonia Toscana Positive Pioneer SHIPS BERTHED: Yvonne Coal Osaka Tower Container Ship Positive Pioneer Car Carrier UAFL Zanzibar Container Ship HHL Mississipi General Cargo Hyundai Bangkok Contaienr Ship ... Read More »

APBF says SMEs must be given finance, logistics support


KARACHI: All Pakistan Business Forum (APBF) President Muhammad Ibrahim Qureshi has said that the country’s Small and Medium Enterprises (SMEs) sector needs proper financial facilitation and friendly policies’ support. The government and the financial institutions respectively are more inclined towards the large scale business set-ups and industrial units, said Ibrahim Qureshi in a statement. He said SMEs face similar situation ... Read More »

TV panel shipments declines 0.8% in Nov

lcd tv panel

WASHINGTON: The latest large-size LCD panel shipment report by WitsView, a division of TrendForce, says a total of 22.74 million LCD TV panels were shipped in November, representing just a 0.8% decrease compared with prior month and a 2.2% increase year on year. Iris Hu, WitsView assistant research manager, stated that since branded TV vendors are going to do an ... Read More »

Australian mango growers set for main shipments to US

aus mango

CANBERRA: Australian mango growers and exporters are sending their first big shipments to the US this season, with plans to export between 100 and 200 tonnes in the coming months. This compares to the first export season in February 2015, which saw 5.5 tonnes of mangoes shipped to the US from two growers. The Northern Territory Department of Primary Industry & ... Read More »

25 Customs officers of BS-18 selected for 21st MCM Course


ISLAMABAD: As many as 25 Pakistan Customs Service officers of BS-18 have been selected for 21st Mid Career Management Course. According to the notification, all the officers have been directed to submit their medical certificates to Secretary (Mgt, Customs) Ghulam Ali Malik by December 28. The officers may keep in view that not turning up for the course despite nomination ... Read More »

Texas man arrested in gun smuggling case

20120228-gun smuggling

TAMPA: A member of a ring that smuggled guns from the Tampa area to the Middle East was sentenced to 37 months in federal prison. The conspirators purchased used cars, hide guns in them and then export the cars overseas, according to court records. Eyad Farah, 42, a car dealer from Richardson, Texas, pleaded guilty in September to federal conspiracy ... Read More »

Fulham Shore revenues jump in 6 months to Sep

economy increases

WASHINGTON: Fulham Shore generated revenue of £13.9m in the six months to 27 September (2014: £5.5m) and made headline operating profit of £1.7m (2014: £0.9m). The results reflect a full six months trading from The Real Greek and the Franco Manca restaurant in Tottenham Court Road in London which was run under a franchise agreement and five months trading reflecting ... Read More »

World Bank credit of 500m to help strengthen national economy: Basit


LAHORE: Approval of $500 million world Bank credit to support Pakistan’s   growth- oriented reforms would help strengthen economy in multiple ways. This was stated by Abdul Basit, chairman Punjab Board of Investment and Trade while commenting on World Bank report . The Chairman PBIT said that the World Bank decision would not only give added confidence to local investor but ... Read More »

Canadian man arrested in cocaine smuggling  


OTTAWA: A Canadian man has pleaded guilty to a conspiracy charge for his involvement in a ring that used low-flying helicopters to smuggle cocaine and marijuana across the U.S. border in 2008 and 2009. After fighting extradition for years, Sean William Doak pleaded guilty in U.S. District Court in Seattle on Monday. Prosecutors say the conspiracy was headed by Colin ... Read More »

Manufacturing sector revenue to fall in 2015


WASHINGTON: Total revenue from the nation’s manufacturing sector this year is expected to fall from last year, due to continued decline in crude oil and stainless steel prices, the Ministry of Economic Affairs said yesterday. “We expect annual revenues in the manufacturing sector to drop about 2.5 percent from last year’s NT$27.33 trillion (US$829.44 billion),” Department of Statistics Deputy Director-General ... Read More »

China agrees to support India in red sanders smuggling case

Red sander(1)

NEW DELHI: In a breakthrough, China, the largest importer of red sanders wood today agreed to help India crackdown on the smuggling of the expensive timber from Andhra Pradesh. China is the biggest importer of the red sanders wood and is regarded as the most unique and expensive which is only available in Andhra Pradesh,AK Parida, Special Chief Secretary, Department ... Read More »

Customs officer Honnak Baloch reinstated


ISLAMABAD: Honnak Baloch, a Pakistan Customs Service officer of BS-18, has been reinstated into the service with immediate effect. The officer, presently posted in Model Customs Collectorate, Gwadar, was suspended vide Board’s Notification No. 2208-C-II/2014 dated 14.11.2014. Read More »

Nigerian court sentences nine Asian jail in oil smuggling case

palm oil

ABUJA: Nigerian court on Tuesday gave five sailors from the Philippines and four from Bangladesh a choice between jail and paying a hefty fine after convicting them of oil smuggling. The suspects were arrested in March in Lagos Lagoon aboard the MT Asteris, which prosecutors said was used to illegally store 3,423 tonnes of crude oil. They were each convicted ... Read More »

Egypt’s tourism revenues expected to grow $8b in 2016

increases sales

SHARJAH: Egypt’s tourism revenues are expected to grow to between $7.5 and $8 billion next year, as the country works on restoring tourists’ confidence, the country’s Tourism Minister, Hisham Zaazou, said on Wednesday. Speaking to reporters on the sidelines of the Arab Ministerial Council for Tourism in Sharjah, Zaazou said tourism revenues are expected to reach between $6 billion and ... Read More »

Quebec man arrested in immigrant smuggling case

pak afghan border

OTTAWA: Two men have been sentenced for separately smuggling a total of eight immigrants across the Canadian border into northern New York. The U.S. Attorney’s Office in Albany says 29-year-old Christopher Square of Kahnawake, Que., was sentenced to nine months in prison. Prosecutors say Square, a dual citizen of the U.S. and Canada, was caught smuggling three people in a ... Read More »