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Author Archives: CT Report

Shipping activity at Port Qasim  

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KARACHI: Five ships carrying containers, rice, general cargo and edible oil were berthed at Qasim International Containers Terminal (QICT), FAP Terminal, Multi Purpose Terminal and Liquid Cargo Terminal respectively. Meanwhile, five more ships carrying containers, cement, chemical and diesel oil also arrived at outer anchorage of Port Qasim (PQ) during last 24 hours. Berth occupancy was 65 percent at the ... Read More »

Pakistan and China ink agreements to generate 8030 MW electricity   

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ISLAMABAD: Pakistan and China inked agreements for installation of 14 power projects to generate 8030 megawatts electricity on Monday. Pakistani officials and a Chinese company today signed agreement for building two 660 MW power generation projects in the country. Moreover, agreements for installation of 12 power projects of 7330 megawatts were signed through video link. These power projects included 720MW ... Read More »

Xi Jinping’s visit: Pak-China relations to get new heights

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ISLAMABAD: Member Provincial Assembly Akbar Hayat Khan and Former Senator Syed Zafar Ali Shah said Monday that Pakistan-China relationship will get new heights during the historic visit of Chinese President XI Jinping.  Talking to APP, Hayat said that China was our time tested friend and the relations between the two countries would further strengthen duringthe Chinese President's state visit.  He ... Read More »

Two-day IWCCI expo concludes: 75,000 visitors participates

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IWCCI demands for expo center in Islamabad ISLAMABAD: With active participation of more than seventy-five thousand visitors, the Islamabad Expo 2015 concluded here late Sunday night with a pledge to continue struggle to empower women. Various corporate, commercial and non-government organizations and those working for betterment of women, as well as individual entrepreneurs participated in the expo, organized by Islamabad ... Read More »

Chinese companies to be facilitated for timely completion of development projects: PM 

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ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Monday said that the government would extend all possible facilitation to the Chinese companies to enable them complete the planned projects within stipulated period. He expressed these views during separate meetings with the top executives of three leading Chinese companies; Huaneng Group, ICBC Corporation and Zonergy Corporation here at the PM House. The Prime ... Read More »

Faisalabad I&I to auction old vehicles, seized goods on 28th

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FAISALABAD: The Federal Board of Revenue’s (FBR) Intelligence and Investigation Wing is going to auction old and used vehicles and goods, including front tube, rear tubes with axle, gear boxes with hossing, gear boxes with topi, brake surveys, gullas, plates, gararis, hair straightners, hair dryers, hair curlers, diesel generators, engines, Iranian-origin ceramic tiles, cloths, etc on April 28. Read More »

China investing huge amount in energy sectors: Shahbaz

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ISLAMABAD: Chief Minister Punjab Shahbaz Sharif on Saturday said that China is investing a huge amount in different energy sectors of Pakistan. “Wind, solar, hydel, coal and other resources would be utilized for generating electricity to meet the need of the country,” he stated while talking to Pakistan Television channel. He said that all the resources would be used for ... Read More »

Chinese President’s visit historic opportunity to deepen ties: Mamnoon

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ISLAMABAD: President Mamnoon Hussain Saturday said that the upcoming visit of Chinese President Xi Jinping offered historic opportunity for further deepening time-tested and all weather friendship between Pakistan and China. The President said this while talking to Ambassador of Pakistan to China Masood Khalid who called on him at Aiwan-e-Sadr. He commended the efforts of Masood Khalid in further strengthening ... Read More »

Chinese railway delegation arrives in Pakistan

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ISLAMABAD: A 13-member Chinese railway delegation headed by Lu Dongfu, Vice Minister, Ministry of Transport/ Administrator National Railways Administration China arrived here on a five-day visit on Saturday. Secretary, Ministry of Railways Parveen Agha received the delegation, which will also visit Lahore, Havelian and Buldher, said a press release. Later, the delegation visited Pakistan Railways Carriage Factory Islamabad where it ... Read More »

Chinese President’s visit significant in terms of economic ties: Analysts

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ISLAMABAD: People belonging to different walks of life are describing the upcoming visit of Chinese President Xi Jinping to Pakistan as very significant in terms of further augmenting economic relations. Analyst Shahid Hassan Siddiqui said the visit of Chinese President would bring prosperity in Pakistan. The construction of China-Pakistan Economic Corridor had the potential to change the economic position of ... Read More »

Joint Pak-China Think Tank on Economic Corridor launched in China

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ISLAMABAD: Prior to President Xi Jinping’s visit to Pakistan, a three-day conference in the picturesque Chinese island of Hainan decided to launch a new Joint Pakistan-China Think Tank dedicated solely to research and development of the China-Pakistan Economic Corridor. According to a press statement issued here on Saturday, the newly-formed think tank “Research and Development International (RANDI)” will have two ... Read More »

China-Pakistan FTA shows positive results as trade volume reaches $ 16 billion

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China offers tariff reduction to zero on 70 percent products ISLAMABAD: The Free Trade Agreement (FTA) signed between Pakistan and China has shown positive results as the bilateral trade volume increased from around $ 6 billion in 2006 to $ 16 billion in 2014. The China-Pakistan Free Trade Agreement (CPFTA), inked in2006 and enforced in 2007, brought maximum opportunities for ... Read More »

ANF recovers 420 gram heroin from a parcel, booked for UK

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ISLAMABAD: Anti-Narcotics Force (ANF) has intercepted a parcel containing wedding cards and recovered 420 gram heroin tactfully concealed inside the folding of the cards. ANF team seized the parcel at DHL Courier Service Office Aabpara, Islamabad, said a press release. The parcel was booked by an accused Dr Abrar Hussain, resident of Rawalpindi and was intended to be received by ... Read More »

Kasur Excise seals 693 properties and impounds 216 vehicles

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Kasur: Excise and taxation Department Kasur sealed 693 properties and impounded 216 token tax defaulters in a drive against tax defaulter. According to Excise and Taxation Officer Malik Saleem, excise has sealed 693 properties in different areas of the city on non-payment of property tax, while it has recovered Rs 3.2 million from the defaulters after sealing their properties. Excise ... Read More »

SECP’s online payment facility gaining popularity abroad

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ISLAMABAD: The Securities and Exchange Commission of Pakistan’s online fee submission facility, launched in March, has gained currency and now the Commission has been regularly receiving fee through Credit Cards from various countries such as Belize, Hong Kong, Netherlands, Saudi Arabia, Singapore, UAE, UK and USA. The SECP introduced the facility for online payment of fee through Credit Cards in ... Read More »

Chinese President’s Visit: Pakistan to get biggest ever $48 billion ‘state investment’

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ISLAMABAD: Pakistan will get its biggest ever ‘state investment’ of around $48 billion from all weather friend China, said Parliamentary Secretary for Information and Broadcasting Mohsin Shahnawaz Ranjha on Friday. He said the investment would materialize during the visit of Chinese President Xi Jinping from April 20-21. He said a number of projects in diverse fields including energy, defense and strategic ... Read More »

Accountability Court summons Zardari on April 27 in corruption case  

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RAWALPINDI: The National Accountability Court Friday summoned former President and Co-Chairperson of Pakistan Peoples Party Asif Ali Zardari in an alleged corruption case on April 27 to appear before it. The Accountability Court of Akhlaq Hussain after re-opening of a corruption case, for failing to submit correct details of wealth regarding Bilawal House, issued summons. The National Accountability Bureau (NAB) ... Read More »

NA body for early completion of Neelum Jhelum Hydro Power Project

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ISLAMABAD: National Assembly Standing Committee on Planning, Development and Reforms on Wednesday directed the management of Neelum Jhelum Hydro Power Project to take stringent measures to complete the Project without further delay so that energy crises of the country could be reduced. The committee met under the Chairmanship of Abdul Majeed Khan Khanan Khail, MNA to discuss the progress on ... Read More »

SMEDA seeks more tax exemptions for SMEs in upcoming budget

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LAHORE: Small and Medium Enterprises Development Authority (SMEDA) has proposed an export credit guarantee insurance scheme, besides increasing the income tax exemption and decreasing corporate tax for SMEs in the upcoming federal budget. SMEDA CEO Muhammad Alamgir Chaudhry said here Wednesday that SMEDA, as an SME promotion agency had developed budget recommendations for Fiscal Year 2015-16 and submitted to the ... Read More »

ANF recovers drugs worth of Rs 291.5 million; arrest 12 drug peddlers

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ISLAMABAD: Anti Narcotics Force (ANF) has recovered 106.3 kg charas, 6943 psychotropic tablets, 800 grams heroin and 300 grams opium arresting 12 drug traffickers. ANF in its drive against drug trafficking conducted five operations across the country, said a press release. The total value of recovered drugs approximately amounts to Rs. 291.5 million in international market. According to details, ANF ... Read More »