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Author Archives: CT Report

ADB to give Pakistan $1.5b loan for infrastructure

ADB

ISLAMABAD: Asian Development Bank (ADB) Country Director Werner Leipach has called on Finance Minister Ishaq Dar and apprised him of the progress of the on-going portfolio of the bank in the country and plans relating to financing of projects in 2016. The ADB country director said that the ADB’s total co-financing for Pakistan stood around $1,050 million ($1.050 billion) including ... Read More »

Addl Commissioner-IR Tariq’s performance allowance restored

FBR 1

ISLAMABAD: The performance allowance in respect of Muhammad Tariq Jamal Khattak, a BS-19 officer of Inland Revenue Service, has been restored. The performance allowance (equivalent to 100 per cent of basic pay) in respect of the officer, presently posted as Additional Commissioner-IR, Regional Tax Office, Islamabad, has been restored with effect from November 30. Read More »

Businessmen show concerns over rising public debt

ICCI president Shiekh Atif

ISLAMABAD: Businessmen in a meeting at Islamabad Chamber of Commerce and Industry (ICCI) showed concerns over the trend of consistent rise in public debt of the country and called upon the government to arrest the rising debt. They said that due to increasing debt every Pakistani now owed a debt of more than Rs 101,300. ICCI President Atif Ikram Sheikh, ... Read More »

PCSIR to set up state-of-the-art laboratory in Faisalabad

FCCI 13

FAISALABAD. World Class and state-of-the-art PCSIR (Pakistan Council for Scientific and Industrial Research) Laboratory will be set up in Faisalabad with an estimated cost of Rs.500 million, disclosed Dr. Shahzad Alam chairman PCSIR. Addressing a meeting of the Faisalabad Chamber of commerce and Industry (FCCI) here today Dr. Shahzad Alam, Chairman PCSIR told that this lab is expected to be ... Read More »

US border agents arrest man with meth near I-5 checkpoint

methseized

SAN CLEMENTE: San Diego Sector Border Patrol agents arrested a 35-year-old man on Friday morning who had bundles of methamphetamine stashed inside the trunk of his car. At approximately 9 a.m., agents initiated a vehicle stop on a 2008 Chevrolet Cobalt near the Border Patrol checkpoint on Interstate 5. As agents questioned the driver, their K-9 alerted to the rear ... Read More »

US customs seizes more than 9 pounds of heroin at Dulles airport

heroin

STERLING: U.S. Customs and Border Protection (CBP) Office of Field Operations (OFO) at Washington Dulles International Airport seized more than nine pounds of heroin from a Guatemalan man Friday that was concealed inside plastic bags labeled as oatmeal powder. The man, who requested entry as a courier on business, arrived on a flight from Guatemala. As a courier, he was ... Read More »

Nigeria customs arrests Senegalese woman with cocaine at Seme border

nigeriacustoms

ABUJA: A 45-year-old Senegalese woman, Fatou Sall, has been arrested by officers of the Nigeria Immigration Service, NIS, Zone A, attempting to cross the Seme border with cocaine, Today online reported on Monday. The suspect that hid the drugs in her private part was intercepted by curious Immigration officers who were suspicious about her nervous posture at the border. The ... Read More »

Argentina to remove export taxes on some agric products

argentina

BUENOS AIRES: Argentine President Mauricio Macri said Monday that his government will eliminate export taxes on some agricultural products, dismantling one of his predecessor’s key economic policies. Mr. Macri said that export taxes would be eliminated for corn, wheat and meat, while his government would reduce taxes for soybean exports. Mr. Macri said that the measure would boost agricultural production. ... Read More »

Turkey cuts Russian gas imports as tensions rise

Russian top military officials speak to the media in front of an aerial images they say are oil trucks near Turkey’s border with Syria displayed by the Russian Defense Ministry at a briefing in Moscow, Russia, Wednesday, Dec. 2, 2015. The Russian Defense Ministry invited dozens of foreign military attaches and hundreds of journalists to reveal what they said were satellite and aerial images of thousands of oil trucks streaming from the IS-controlled deposits in Syria and Iraq into Turkish sea ports and refineries. Russian Deputy Defense Minister Anatoly Antonov accused Turkish President Recep Tayyip Erdogan and his family of personally profiting from the oil trade with the IS. (AP Photo/Vladimir Kondrashov)

ANKARA: The United States strongly denied Wednesday a Russian claim that the Turkish government buys smuggled Syrian oil from the Islamic State terrorist (IS) group. In a televised speech in Ankara Thursday, Turkey’s President Recep Tayyip Erdogan said he had “proof” of Russia’s involvement with the Islamic State, adding that he would “reveal it to the world”, according to newswire ... Read More »

Philippine: 900,000-MT rice imports due in 2016

Philippine rice imports

MANILA: The country may see as much as 900,000 metric tons (MT) of rice imports in the first half of 2016 alone, which includes the 500,000 MT contracted this year and additional 400,000 MT the Philippine government is eyeing to secure by January. Depending on how the dry weather affects the country’s rice production, the National Food Authority (NFA) said ... Read More »

US customs seizes 122 pounds of marijuana in Presidio

marijuana in Presidio

PRESIDIO: U.S. Customs and Border Protection Office of Field Operations officers made a big drug bust in Presidio. According to a press release, CBP officers seized 122 pounds of marijuana. Officials tell NewsWest9, the seizure was made just before 9 a.m. Friday when a 2003 Lincoln Aviator entered the facility from Mexico. The vehicle was selected for a thorough inspection ... Read More »

India palm oil imports rise by 10% in November: SEA

India palm oil

NEW DELHI: India’s palm oil imports rose by about 10 per cent to 8,73,592 tonnes in November on account of sluggish global prices and zero export duty by Indonesia and Malaysia, industry body Solvent Extractors Association (SEA) said. India, the world’s leading vegetable oil buyer, had purchased 7,96,587 tonnes of palm oils in November last year. To curb cheaper imports, ... Read More »

Canada: Hamilton police seize taser, drugs, cash and cellphones

Canada Hamilton police

HAMILTON: Two Hamilton men are facing drug charges after police found a “suspicious vehicle” with marijuana parked on Mohawk Road West. Police were called to the area of 750 Mohawk Rd. W. around 10:30 p.m. Friday after a witness described seeing people constantly approaching the vehicle. Police found two men sitting in the car and allegedly smelled “freshly burning marijuana,” ... Read More »

UK: Trading standards officers impound ‘dangerous’ hoverboards worth £100K

hoverboard

SALFORD: Trading standards officers in Salford have impounded another £100,000 worth of potentially dangerous hoverboards. It is the second seizure by officers in the city of the must-have Christmas present. In November £20,000 worth of the boards were recovered from a warehouse in the city. The latest action came after a tip-off alerted officers to two businesses selling the items. ... Read More »

Canada: RCMP seizes 16 lbs of marijuana seized, 2 arrested in Bear River

canadaseizure

BEAR RIVER: More than 16 pounds of marijuana were seized from a home in Bear River after a search by the Digby RCMP this past weekend. Officers executed a search warrant at the home on December 12, seized the drugs, and arrested a 50-year-old female and 38-year-old male. The two are facing charges of possession for the purpose of trafficking. ... Read More »

US: Florida senator vows crack down on wildlife smuggling

wildlife smuggling

MIAMI: Senator Bill Nelson (D-FL) met with federal officials at Miami International Airport about the smuggling of wildlife through Florida airports. At Miami International Airport, they’re fighting a losing battle trying to keep the illegal smuggling ring in check. “This airport is the most trafficked for live freight,” Nelson told reporters during a press conference with U.S. Fish and Wildlife ... Read More »

Singaporean shipping company guilty of aiding arms smuggling

Singaporean shipping company

SINGAPORE: A court found Singapore-based Chinpo Shipping guilty of assisting a prohibited shipment of arms to North Korea. In 2013, Chinpo transferred financial assets worth $72,000 to shipping agent C.B. Fenton of Panama for the transit of the vessel Chong Chon Gang through the Panama Canal, according to the court. The United Nations has weapons transfer sanctions in effect against ... Read More »

Canadian woman found not guilty after smuggling drugs into prison

Canadian woman found not guilty

EDMONTON: An Edmonton grandmother who tried to smuggle drugs inside her body cavity into the Edmonton Institution has been found not guilty. Linda Ethal Sheridan, 62, admitted she brought the drugs to the maximum-security prison for her incarcerated son, but argued the offences were committed under duress because she was told her son would be killed if she didn’t transport ... Read More »

Hong Kong customs seizes suspected dried shark fins of Sphyrnidae

Hong Kong customs

HONG KONG: Hong Kong Customs seized about 16 kilograms of suspected dried shark fins of Sphyrnidae, an endangered species, and arrested a man at Hong Kong International Airport today (December 14). Customs officers intercepted a 20-year-old incoming male passenger at the airport this afternoon. The man arrived in Hong Kong from Mozambique via Johannesburg, South Africa. During Customs clearance, about ... Read More »

Maldives import duty revenue at MVR 1.8b: Customs

Maldives Customs

MALÉ: Import Duty for this year increased by 14 percent and revenue currently amounts to MVR 1.8 billion, stated Maldives Customs Service. According to official statistics, the revenue from Import Duty and other fees was MVR 1.8 billion by November this year, whereas the revenue last year was MVR 1.61 billion. The statistics also showed that prices of export goods ... Read More »