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Author Archives: CT Report

Ending TB in Bangladesh is everyone’s business: Experts

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Experts have called upon all to engage in the process of identifying tuberculosis or TB to find out the missing cases. “It’s everyone’s business, everyone’s responsibility,” Prof Md Shamiul Islam, Line Director of the National TB programme (NTP), said as the government eyes eradicating TB by 2035. It means reduction in the number of TB deaths compared with 2015 will ... Read More »

China Feasts on Record Saudi Crude Imports After Sanctions Hit Iran

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China has tapped Saudi Arabia for a record volume of crude as the world’s biggest exporter plugs a shortage from sanctions-hit Iran. Asia’s biggest buyer shipped 7.72 million metric tons of crude, or 1.89 million barrels a day, from Saudi Arabia last month, according to data from China’s General Administration of Customs. Shipments from the OPEC producer made up almost ... Read More »

Turkey eyes to sign free trade agreement with Thailand

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Turkey aims to sign a free trade agreement with Thailand, said the country’s foreign minister on July 28 as part of the 52nd Foreign Ministers’ Meeting of the Association of Southeast Asian Nations (ASEAN). “Met with Turkish business people who have investments in #Thailand. Aiming to sign the Free Trade Agreement between our countries as soon as possible to further ... Read More »

China Has Authorized Wheat and Soy Imports from The Russia

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China has authorized wheat imports from the Russian region of Kurgan, the Chinese customs office mentioned on Friday, bringing Russia a step closer to its goal of dramatically growing grain exports. It also approved soybean imports from all parts of Russia, the General Administration of Customs stated in a separate statement on its website, having all however halted U.S. soy ... Read More »

NHA launches e-billing system to ensure transparency

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ISLAMABAD: Communications and Postal Service Minister Murad Saeed said on Monday that the launch of e-billing system would help the National Highway Authority (NHA) ensure transparency in its workings. Addressing a ceremony after formally inaugurating the e-billing system at NHA, Murad Saeed said that e-billing system was part of the prime minister’s vision for ending the menace of corruption from ... Read More »

SBP asks public not to share banking information

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KARACHI: State Bank of Pakistan (SBP) has advised the public not to share their banking information to fake calls. According to a statement issued on Monday, the SBP said that it had come to the central bank’s knowledge that fraudsters were attempting to defraud the banking customers by seeking bank account details on the pretext of biometric verification. In many ... Read More »

PSX slides 369 points amid lacklustre trading

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ISLAMABAD: The Pakistan Stock Exchange (PSX) ended the first trading session of the week on a negative note, as the indices bled for the most part of the day amidst low market turnover and lack of triggers. The earnings season also failed to induce any excitement in the investors who preferred to stay on the sidelines on Monday. Adding 18.82 ... Read More »

JPMorgan, UBS among banks facing $1b rigging suit

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NEW YORK: JPMorgan Chase & Co. and UBS Group AG are among five banks being sued over allegations of foreign-exchange rigging in a class-action lawsuit seeking more than 1 billion pounds ($1.2 billion). Barclays Plc, Citigroup Inc. and Royal Bank of Scotland Group Plc are the other three targets of the U.K. suit that will say pension funds, asset managers, ... Read More »

Pak rupee appreciates by 13 paisa against US dollar

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KARACHI: The Pakistani rupee appreciated by 13 paisa against the US dollar in the interbank market, and hit Rs160.45 during early trade hours on Monday. In the previous week, the Pakistani rupee depreciated by 39 paisa against the greenback and closed at Rs160.58 in the interbank market on Friday. In the open market, the greenback with slight fluctuation in the ... Read More »

OGRA issues 98 permits to strengthen LPG supply 

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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has issued around 98 different permits to streamline matters related to the Liquefied Petroleum Gas (LPG) sector including its smooth supply in every nook and cranny of the country throughout the year. During the last fiscal year, the regulatory authority granted 96 licenses for operation, marketing, storage and filling plants, construction of ... Read More »

Second CPEC phase to boost industrial cooperation

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ISLAMABAD: The second phase of China-Pakistan Economic Corridor (CPEC) is very important for Pakistan as it will give a boost to industrial cooperation and give birth to Special Economic Zones (SEZs), remarked Sichuan University Deputy Dean International Studies Professor Dr Song Zhihui. Speaking at the ICCI, Song stressed that the setting up of SEZs would in turn create new opportunities ... Read More »

Pharmaceutical exports up by 8pc to 211.674m

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ISLAMABAD: The exports of pharmaceutical product from the country during the financial year (2018-19) grew by 8.6 percent as compared to the corresponding period of last year. Pakistan exported pharmaceutical product of worth $211.674 million during July-June (2018-19) as against the export of $ 194.910 million during July-June (2017-18), showing raise of 8.6 percent, according to the latest data issued ... Read More »

FBR to take stern action against traders involved in misuse of Afghan Transit Trade

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ISLAMABAD: The Federal Board of Revenue (FBR) has issued directives for the implementation of law to curb smuggling and levy of heavy fine and imprisonment of up to seven years on traders involved in misuse of Afghan Transit Trade. According to media, a new clause 63(i) has been included in section 156 part B of Customs Act 1969, therefore, implementation ... Read More »

Accountability Court extends Zardari, Talpur’s physical remand till August 8

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ISLAMABAD: An accountability court on Monday granted the National Accountability Bureau (NAB) 10-day physical remand of both former president and Pakistan Peoples Party (PPP) Co-chairman Asif Ali Zardari and his sister Faryal Talpur. Announcing the verdict, Judge Mohammad Bashir ordered that Zardari and Talpur be presented before the court on August 8. Earlier, Zardari was brought to the court by ... Read More »

Naya Pakistan housing authority ordinance to be presented in NA today

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ISLAMABAD: President Dr Arif Alvi has recently promulgated three ordinances for promotion of housing schemes in the country and one about establishment of Naya Pakistan Housing Authority (NPHA) will be laid before the National Assembly on Monday (today). According to the agenda of the lower house, Minister for Housing and Works Tariq Bashir Cheema will lay the Naya Pakistan Housing ... Read More »

Notices to be issued to 100,000 non-filers: FBR Chairman

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ISLAMABAD: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi said that the board will send notices to around 100,000 non-filers who own a house bigger than 500 yards or an above 1000cc vehicle, according to a Radio Pakistan report. The FBR chairperson was speaking to media in Islamabad, where he said the non-filers will be brought to the tax net ... Read More »

No accord regarding export of salt at lower prices

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ISLAMABAD: Senate’s Standing Committee on Petroleum was informed on Monday that there was no agreement signed for the sale or export of rock salt to India at lower prices. “The price of the rock salt of Khewra mines is the same for everyone, however, it remains a fact that Pakistan has not developed its salt as a brand, which is ... Read More »

PEL employees demand restoration of jobs

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LAHORE: The Pak Electron Limited (PEL)’s over 250 retrenched employees continued staging protest demonstration for their restoration of jobs and withdrawal of ‘fake cases’ against them. A large number of retrenched employees on Friday held protest demonstration at the Lahore Press Club (LPC) for their restoration and withdrawal of ‘illegal and fabricated’ FIRs under Anti-Terrorism Act. They raised slogans against ... Read More »

Customs Port Qasim relieves 10 appraising officers

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KARACHI: In pursuance of Federal Board of Revenue’s transfer/posting order issued on July 12, 2019, Collectorate of Customs Port Qasim has relieved 10 appraising officers. The Appraising Officers relieved by Customs Port Qasim includes Anees ur Rehman, S.M Fahad, Qaiser Nadeem Chatha, Aamir Shuja, Syed Hammad, M. Ibrahim Kurd, Imdad Ali Bozdar, Mirza Irfan Baig, Miskeen Shah and Aurung Ali ... Read More »

Tax evasion: Customs I&I registers FIR against M/s China Pakistan Tobacco

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ISLAMABAD: Customs Intelligence has registered an FIR against the China Pakistan Tobacco Ltd, an industrial concern located in Export Processing Zone (EPZ), Risalpur due to tax evasion. According to media, regional office of Customs in Peshawar had received information to the effect that China Pakistan Tobacco Ltd, an industrial concern located in EPZ, Risalpur is involved in misusing the exemption ... Read More »