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Author Archives: CT Report

Saarc Chamber urges S Asian govts to simplify visa procedure

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LAHORE: With the aim to boost intra-regional capital flows in South Asia, the Saarc Chamber of Commerce and Industry has urged the governments to simplifying visa regime, liberalize banking procedures and fast-track customs clearance. Quoting global trade statistics the Saarc CCI vice president Iftikhar Malik said that volume of trade between Saarc states and the rest of the world is ... Read More »

Two Customs Inspectors, Dy Superintendent to retire soon

Retirement

ISLAMABAD: Three Pakistan Customs service officers of BS-16 are going to retire from the government service on attaining the age of superannuation. Malik Tariq Khurshid, presently posted as Inspector, Model Customs Collectorate of Appraisement, Lahore, will stand retired from Government Service with effect from 19-Oct-2015. Akhtar Ali, presently posted as Inspector, Model Customs Collectorate, Peshawar, will stand retired from Government ... Read More »

Cotton cultivation area decreased by 4% during three years

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ISLAMABAD: The cultivation area for cotton crops have reduced by four per cent during the last three years mainly due to high input costs. As per the data issued by the Ministry of Agriculture for the year 2014-15, wheat crop has been estimated at 25.490 million tons, 1.9 percent less than the previous year’s production of 25.979 million tons. As ... Read More »

Farewell lunch arranged for outgoing Chief Collector Nazim Saleem

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KARACHI: A farewell lunch was arranged in the honour of Enforcement-South Chief Collector Nazim Saleem, as he has been transferred and posted in the FBR on a new assignment. After the orders of the Federal Board of Revenue to transfer Nazim Saleem, a graceful farewell lunch was arranged at Café Douane of the Customs House. The lunch was arranged by ... Read More »

Govt urged to encourage SMEs to boost economy

SMES

ISLAMABAD: The government should take measures to help boost the small and medium enterprises (SMEs), which has potential to develop economy with less investment. United International Group Chairman Mian Shahid said that SME is very important sector facing issues like branding, access to the markets, e-commerce, online trading, research and financing which should be tackled at the earliest. He said ... Read More »

Three Customs officers of BS-16 retire

Pakistan Customs

ISLAMABAD: Three Pakistan Customs Service officers of BS-16 have retired/ are going to retire from the government service on attaining the age of superannuation. Inayatullah Shaikh, presently posted as Inspector, Model Customs Collectorate, Hyderabad stood retired from Government Service with effect from Aug 13, 2015. Muhammad Akmal, Deputy Superintendent (BS-16) Model Customs Collectorate, Islamabad stood retired from Government Service with ... Read More »

Pakistan increasing ties with US to boost agri production: Bosan

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ISLAMABAD: Pakistan is further increasing its ties with the United States, especially in agriculture to boost the productivity of different crops. This was stated by Federal Minister for National Food Security and Research Sikandar Hayat Bosan, while addressing the inaugural session of annual conference on ‘Agriculture innovations’, jointly organised by US-AID, CIMMYT and Pakistan Agriculture Research Council. He said that ... Read More »

Finance minister reviews privatisation division’s performance

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ISLAMABAD: Federal Finance Minister Ishaq Dar, chairing a high-level meeting, has reviewed performance of the Privatisation Division. Secretary Privatisation Division Ahmed Nawaz Sukhera briefed the minister about the performance of the Division. He also apprised the Minister about the divestment activities that it had already undertaken and intended to undertake in future. Dar acknowledged the achievements of the Privatisation Division ... Read More »

CDA urged to adopt proper mechanism for disposal of solid waste

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ISLAMABAD: The locals have asked the Capital Development Authority (CDA) to device a mechanism for collection and disposal of solid waste in the federal capital. The residents of various areas, while talking to the state-owned news agency, said that the heaps of garbage could be seen everywhere in different areas of Sohan, Faizabad and New Shakarial. A senior official of ... Read More »

Pilots’ association flays new aviation policy

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LAHORE: The pilots have showed their concerned over the new policy, terming it disastrous for the aviation industry. Pakistan Airline Pilots’ Association (PALPA) General Secretary Captain Sohail Ahmed, in a statement, said that it suggests the selling of Pakistani airports, domestic routes and travellers to foreign carriers and investors, laying the foundation for the destruction of the domestic aviation industry. ... Read More »

PSP activists stage protest against power generation plants in Muzaffargarh

Thar coal power plant

MUZAFFARGARH: A large number of people have staged a protest against the proposed coal-based and nuclear power plants in Musaffargarh. The activists of the Peoples Seraiki Party, wearing surgical masks and led by PSP chief Malik Zul Norain Bhutta, rallied against the power plant to be build near Mehmood Kot and a nuclear power plant near Chowk Sarwar Shaheed. The ... Read More »

Ministry chalking out new policy to address water woes

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ISLAMABAD: With the aim to improve economy and water distribution, the Ministry of Water and Power is chalking out a new policy to resolve issues related to water shortage and food insecurity. The policy also aims at developing hydropower projects for economic growth; ensuring food security; expanding available water supply and adapting to climate changes, population and other large scale ... Read More »

Iftikhar Babar to convene meeting of FBR, traders to resolve outstanding issues

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SIALKOT: Secretary Board of Investment (BOI) Pakistan Iftikhar Babar has said that after the commencing of the grand project of Pak-China Economic Corridor, now Pakistan has become an ideal country for foreign investment, as world’s big foreign investors were now looking on Pakistan. He stated this, while addressing an important meeting of the Sialkot exporters held at Sialkot Chamber of ... Read More »

LCCI demands massive cut in petroleum prices

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LAHORE: Senior vice president of the Lahore Chamber of Commerce and Industry urged the government to pass on the benefit of crude oil price reduction in the international market to the trade, industry, agriculture sector and the masses. After having a meeting with the delegation of businessmen at the Lahore Chamber of Commerce and Industry, Mian Nauman Kabir said that ... Read More »

COPHCL briefs FPCCI on Pak-China Economic Corridor

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KARACHI: With a detailed presentation beginning from the past history and up to the future of Gawadar port, the China Overseas Ports Holding Company Pvt Ltd (COPHCL) has briefed the business leaders of the Federation of Pakistan Chambers of Commerce and Industries on multi-billion Pakistan China Economic Corridor. A number of business leaders headed by FPCCI President Mian Muhammad Idress, ... Read More »

Foreign Direct Investment across SAARC region can accelerate economic growth: Dar

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KATHMANDU: Federal Minister for Finance Ishaq Dar has said that  due to Pakistani government strong economic policy foreign investment is increasing in the country. Addressing the 7th SAARC Foreign Minister’s Conference, he said as we all understand, our region is endowed with vast natural and human resources. Our rich heritage and our combined resources lend us vast potential for development ... Read More »

Process Control Laboratories should be established in Sialkot: WWF

Sialkot Chamber of Commerce and Industry (SCCI)

SIALKOT: The best water management practices (BWMPs) experts of WWF have urged the Sialkot based tanners to give up the necessary use of water and chemicals in their leather tanneries for reducing the environmental pollution caused by their tanneries in Sialkot, saying that the unnecessary usage of the water has increased the water consumption to maximum level in Sialkot here. ... Read More »

KCCI slams upward revision of K-electric’s tariff for residential consumers

iftikhar vohra kcci

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Vohra has vehemently criticized the government for giving go ahead to K-Electric to raise its electricity tariffs for residential consumers which varies from 19 percent to 30 percent under various slabs for residential consumers and has become effective from July 14, 2015. “This unjust hike appeared in ... Read More »

Turkish private sector apprised of investment opportunities in Pakistan

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ANKARA: The visiting delegation from the Punjab, led by Minister for Mines and Minerals Sher Ali Khan, continued its high-level contacts on the second day of its visit to Turkey. The delegation had a detailed meeting with Turkish Minister for Forestry and Water Management Prof. Dr. Veysel Eroğlu. The Turkish Minister assured all possible support for increased Turkish investment in ... Read More »

Pakistan, Nepal committed to further enhance trade activities

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  KATHMANDU: Federal Finance Minister, Mohammad Ishaq Dar arrived here to attend the 7th SAARC Finance Minister’s Meeting scheduled to be held on 20th August (today). Soon after his arrival, the Finance Minister accompanied by members of Pakistani delegation visited Hanuman Dhoka in darbari square at Kathmandu which was badly affected in the earthquake. It used to be a palace ... Read More »