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Author Archives: CT Report

Load-shedding exemption to industries to accelerate economic activities


LAHORE: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Muhammad Adrees Saturday said that load-shedding exemption for industrial sector would help accelerate economic activities, besides strengthening the national economy. He told that “the entire industry is grateful to the Prime Minister for acceding to their long standing demand for giving complete load-shedding exemption to industry which he hoped ... Read More »

Environment Festival at PAF Museum from June 1


KARACHI: The National Forum for Environment and Health (NFEH) in collaboration with United Nations Environment Programme (UNEP), Commissioner Office Karachi and other organizations is going to organize Environment Festival at PAF Museum on June 1. NFEH President M. Naeem Qureshi briefed that 20 schools, NGOs corporate sector and celebrities will be participating in the festival, said a statement on Friday. ... Read More »

NA body decides to take up illegal housing societies’ issue with NAB, FIA

housing societies

ISLAMABAD: National Assembly Standing Committee on Cabinet Secretariat on Friday expressed displeasure over passive attitude of Capital Development Authority (CDA) towards handling the issue of mushroom growth of illegal housing societies and ‘Kachi Abbadies’. The committee decided to take up the issue with National Accountability Bureau, Federal Investigation Agency, Islamabad Electric Supply Company, Sui Northern Gas Pipelines Limited and Islamabad ... Read More »

CPEC project to serve whole Pakistan: Chinese FM spokesperson


ISLAMABAD: Chinese Foreign Ministry Spokesperson Hua Chunying said on Friday that construction of the China-Pakistan Economic Corridor (CPEC) is an overall cooperation framework set up by China and Pakistan with a focus on the long-term development of bilateral cooperation in various fields. The corridor was designed to serve the whole country, and its benefits will be delivered to all the ... Read More »

Rs 141m released for shifting of poles from Metro Bus route

Metro bus 1

MULTAN: Commissioner Captain (R) Asadullah Khan said on Friday that a sum of Rs 141 million has been released to Multan Electric Power Company (Mepco) to shift electricity installations from route of Metro Bus Project. Presiding over a meeting here, commissioner said that removal of poles and conductors from Metro bus route i.e BCG Chowk to Vehari Chowk and from ... Read More »

Zubair lauded consensus of all political parties on CPEC


ISLAMABAD: State Minister for Privatization Muhammad Zubair on Friday said that consensus of all political parties on China-Pakistan Economic Corridor was pleasant. CPEC project would prove as a game changer in the whole region, he added. He said that it was a wrong perception that this project would be beneficial for one province but it would open new ways of ... Read More »

Chinese SMEs to explore business collaborations with Pakistan‏


ISLAMABAD: Chinese entrepreneurs of SME sector have shown interest to establish business collaborations with Pakistani counterparts.  Mr. Liu Zhigen, Vice Governor, Guangdong Province of People’s Republic of China visited Islamabad Chamber of Commerce and Industry leading a delegation of Chinese SMEs to explore business match-makings. SMEs were representing various sectors including economic, information technology and communications. Addressing the local business ... Read More »

Business community asks govt for reducing levied taxes on petroleum


PESHAWAR: Former President Islamabad chamber of commerce and Industry and Chairman United International Group, Mian Shahid has asked the government to consider reducing fuel prices by bringing taxes down in the upcoming budget which will trigger economic growth and provide relief to masses. He said that all sectors must be included in the tax net so that prices of essentials ... Read More »

Islamabad: FBR offices, NBP branches to collect duty, taxes on May 30

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ISLAMABAD: The Federal Board of Revenue (FBR), Islamabad, in coordination with State Bank of Pakistan (SBP) and National Bank of Pakistan (NBP), has made special arrangements for collection of duties and taxes on Saturday, May 30. The State Bank of Pakistan has directed settlement / clearing of FBR transactions on month end by National Bank of Pakistan as follows:- The ... Read More »

Faisalabad ASO seizes 321 cartons of smuggled black tea


FAISALABAD: The Anti-Smuggling Organisation Faisalabad has seized smuggled black tea worth Rs 2.19 million As per details, ASO team following the instruction of Collector Tauseef Ahmad Qureshi conducted operation to fail the smuggling bid. Under the supervision of Deputy Collector Rana Irfan Shoukat, ASO team comprising Superintendent Safder Iqbal, Inspector Mehmood Ahmad, Inspector Amir Mumtaz Bajwa, Inspector Tanveer-ul-Haq and others ... Read More »

Russia to enhance trade ties with Pakistan


SIALKOT: Trade Representative of Russian Embassy in Islamabad Mr. Yuri M. Kolzov has stressed the need of promoting of strong bilateral trade relations between Pakistan and Russia. He stated this while addressing a meeting held at Sialkot Chamber of Commerce and Industry (SCCI) here. SCCI Acting President Mir Alamgir Meyer, former SCCI President Sheikh Abdul Majeed, Mian Mohsin Gull , ... Read More »

Lahore High Court declares electricity surcharges illegal


LAHORE: The Lahore High Court has declared the imposing of Equalisation Surcharge, Debt Servicing Surcharge, Universal Obligation Fund Surcharge and Neelam-Jhelum Surcharge by the federal government as being unconstitutional and illegal. The said surcharges were collected through electricity bills from the consumers by the electricity supply companies. A division bench of the Lahore High Court, comprising Justice Syed Mansoor Ali ... Read More »

Pakistan provides excellent environment for foreign investors: PM

nawaz sharif

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Friday said Pakistan was an investor friendly country providing excellent environment to the foreign investors. Addressing a joint stake out along with the President of Belarus Alexander Lukashenko at the conclusion of delegation level talks and inking of 15 agreements, he said there was wide scope to enhance cooperation between Pakistan and Belarus. He ... Read More »

Chinese businessmen asked to invest in Pakistan


Pakistan providing investment friendly regime to foreign investors: Iftikhar ISLAMABAD: Secretary Board of Investment (BoI), Iftikhar Babar on Friday called upon Chinese businessmen to invest in different sectors of Pakistan particularly in power, energy, infrastructure and mining for further enhancing bilateral trade. A high level 9-member Chinese delegation led by Vice Governor, People’s Government of Guangdong Province Liu Zhigeng visited ... Read More »

Better facilities be provided to businesswomen for promoting trade in KP: Siraj

MNA-Siraj-Muhammad-Khan (1)

NA Standing Committee on Commerce reviews TDAP’s performance PESHAWAR: The Standing Committee of National Assembly on Commerce reviewed the performance of Trade and Development Authority of Pakistan (TDAP). The meeting of standing committee for reviewing took place under Chairmanship of Siraj Muhammad Khan, Member National Assembly on Saturday The committee also reviewed measures taken for promotion of trade and commerce ... Read More »

Pakistan, Belarus agree on cooperation in defence, education, technology

pakistan belarues

ISLAMABAD: Pakistan and Belarus on Friday signed various agreements and Memoranda of Understanding for bilateral cooperation in the fields of education, technology, trade and defence production. The agreements were signed in a ceremony held at the Prime Minister’s House. Prime Minister Muhammad Nawaz Sharif and President of Belarus Alexander Lukashenko witnessed the agreement signing ceremony held after their one-on-one meeting ... Read More »

Punjab budget to reflect govt attention on energy shortage’


LAHORE: The provincial budget for next fiscal year will be reflective of the government’s strong commitment towards resolving the issue of energy shortage. Chaudhry Sher Ali Khan, Punjab Minister for Mines and Minerals, said this on inauguration ceremony of 4th International EGO Pakistan – Energy, Gas, Oil and Power Exhibition incorporating Solar Pakistan 2015, at Expo Centre here on Friday. ... Read More »

Importers of motorcycle spare parts seek reduction in duties to contain smuggling

bike parts

KARACHI:  Chairman, All Pakistan Motorcycle Spare Parts Importers and Dealers Association (APMSPIDA), Faisal Khalil has appealed for reduction in import duty for motorcycle spare parts. In a statement Friday while seeking reduction in import duty from 35 percent to 20 percent, he also asked for abolition of 15 percent additional duty in the forthcoming Budget 2015-16 to encourage legitimate import ... Read More »

Electronic stamp papers being introduced from June 8 in Lahore

electronic stamp paper

LAHORE: Electronic stamp papers are being introduced in Lahore District from June 8 to control forgery and handle other land record issues. The experiment would later be replicated and expanded throughout the province, said Senior Member Board of Revenue Nadeem Ashraf while speaking at a meeting on Friday. He said the person purchasing the stamp paper would be informed through ... Read More »

NAB to file reference against fraudster involved in extorting Rs 8m


MULTAN: The National Accountability Bureau (NAB) Multan has decided to file a reference against a fraudster involved in extorting Rs 8 million from people in guise of allotment of state land while fraudulently posing himself as a revenue official. Director General NAB Multan Tariq Mehmood Nadeem approved to file the reference against the accused, Abdul Majeed alias Asim Patwari, in ... Read More »