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International Customs

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Matt Beeton to be new CEO at Port of Tyne

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London : Port of Tyne has announced that Matt Beeton will become its new chief executive on 7 January. “We are very pleased to welcome Matt on board. The UK’s ports face major challenges and opportunities,” Lucy Armstrong, Port of Tyne chair, said. “They remain vital to the UK economy and central to global trading. Matt’s background and experience will ... Read More »

Iran, Russia-led bloc move toward free trade

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Moscow : Earlier this month, an interim agreement on free trade between Iran and the Eurasian Economic Union (EAEU) was approved at the regional body’s summit in the Russian city of St. Petersburg. After relevant legal procedures in Iran are fully carried out, the deal is expected to take effect as of early 2019. Seen as Iran’s biggest ever deal ... Read More »

China’s CSP, Abu Dhabi Ports launch new terminal

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Abu Dhabi : China’s COSCO Shipping Ports Limited (CSP) and Abu Dhabi Ports inaugurated on Monday a new terminal at Khalifa Port. The terminal was formally inaugurated at a ceremony by Sheikh Hamed bin Zayed Al Nahyan, chief of Abu Dhabi crown prince’s court. The ceremony was also attended by Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, chairman of ... Read More »

China Defrauded Sri-Lanka To Seize Hambantota Port: US Lawmaker

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Colombo : Sri Lanka was forced to hand over the strategic Hambantota Port to China, due to Beijing’s debt-trap policies. This was stated by a powerful US lawmaker on Tuesday sought an end to the Chinese debt trap. China was defrauding small countries with nonviable infrastructure projects and was charging exorbitant rates that the poor countries could not afford, alleged ... Read More »

Kuwait police investigating social media influencers for money laundering

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Detectives in Kuwait have been called to investigate several social media influencers for money laundering, according to reports. Arabic publication Al-Jarida cited sources as confirming the notices regarding more than 10 bank accounts belonging to social media stars. The sources said the balances in some of the accounts exceeded millions of Kuwaiti dinars and the ‘fashionista’ owners would need to ... Read More »

Qatar and Iraq sign agreements and MoUs

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The sixth session of the Joint Qatari-Iraqi Committee for Economic, Trade and Technical Cooperation was held yesterday. Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari and Dr. Mohammed Hashim Abdul Majeed Al Ani, Iraq’s Minister of Trade, who is visiting Doha, co-chaired the session. H E Al Kuwari highlighted Qatar’s friendly relations with Iraq, noting that ... Read More »

US energy secretary urges Iraq to quit dependency on Iran

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BAGHDAD: US Energy Secretary Rick Perry arrived in Baghdad on a trade mission Tuesday urging Iraq to reduce its energy dependence on Iran and open its own energy sector to American investment. The visit comes as the US tries to isolate Iran through sanctions targeting its business and finance sectors. US President Donald Trump says Iran is not in compliance ... Read More »

Jordanian arrested for plot to smuggle six Yemenis over the Mexican border

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A man from Jordan was arrested in New York City for attempting to smuggle six Middle Easterners into the United States by way of the Mexican border, according to the Justice Department. Moayad Heider Mohammad Aldairi, who resides in Monterrey, Mexico, was taken into custody at John F. Kennedy International Airport after disembarking an international flight. Several federal agencies accuse ... Read More »

Rise in drug-related crimes worries ‘Powder Street’ dwellers

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KABUL: Residents of Sehkhana street in capital Kabul say their concerns have increased about drugs sellers and related crimes in the area where a murder also happened two days ago. Murtaza Hazara, a resident of the area that falls in the 10th district of Kabul City, told Pajhwok Afghan News that heroin locally known as ‘power’ was openly sold in ... Read More »

Indian man charged in alleged human smuggling operation

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NEWARK: Federal authorities say an Indian national conspired to smuggle foreign citizens into the U.S. on commercial airline flights. An indictment unsealed Monday alleges Bhavin Patel was part of a smuggling operation that recruited Indian nationals and others who would pay fees to be smuggled into the U.S. The indictment says an undercover officer posing as a smuggler met Patel ... Read More »

Indigenous Business Australia Invests $34 Million in Property

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Sydney : Indigenous Business Australia, an organisation focused on economic independence for Aboriginal and Torres Strait Islander peoples, has acquired two service centres for $34 million. Perth-based property investment group Security Capital Australia listed the assets, located 80 kilometres south of Perth on the Forrest Highway at West Pinjarra. The properties, which were completed in 2017, sold on a combined ... Read More »

Swiss, Spanish firms clinch Sh16b sea desalination deal

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Mombasa Governor Hassan Joho has unveiled two international companies that will carry out the Sh16 billion sea desalination project that is due to start works in June next year. Spanish company Almar Water Solutions and Switzerland’s Aqua Swiss will develop Kenya’s first large-scale desalination plants, which Mr Joho says will end perennial water shortages in Mombasa. The two firms will ... Read More »

Creating better cities: Hong Kong’s Business of Design Week 2018

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Hong Kong’s Business of Design Week (BODW) is an annual five-day program of city events, satellite programs, award ceremonies and a summit, which this year featured 70 speakers from more than 15 countries. Taking place from December 3 to 8, the event, which is organized by Hong Kong Design Centre, co-organized by the Hong Kong Trade Centre and sponsored by ... Read More »

Pressure builds on Yemen’s warring parties as peace talks focus on port

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RIMBO, Sweden (Reuters) – Yemen’s warring parties are being pressed to agree thorny confidence-building measures, including the status of a strategic Red Sea port, in consultations on Wednesday before the close of the first U.N.-led peace talks in two years. United Nations Secretary-General Antonio Guterres is due to attend final talks in Sweden on Thursday to support his envoy’s efforts ... Read More »

Unrest in France Hinders Macron’s Push to Revive Economy

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PARIS : The need to accelerate growth has long been visible in almost every corner of the French economy, from dreary unemployment offices packed with job seekers to businesses whose financially stretched customers struggle to make do. President Emmanuel Macron came into office pledging to change all that by improving the country’s long-term prospects. But his halting response to a ... Read More »

Cut culture of entitlement, Canada, and learn to be more competitive

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There has been a lot of debate recently about whether Canada has a competitiveness problem, with industry using it as a means to argue for tax cuts while our federal government instead focuses on matters deemed to be of greater importance, such as the rollout of its national carbon tax plan. Unfortunately, one thing that many often forget is that ... Read More »

Businesses in Japan’s Nagoya urged to invest in Bangladesh

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Dhaka : Bangladesh’s embassy in Tokyo yesterday urged Japanese firms to come and utilise the business and investment opportunities in the South Asian country. Rabab Fatima, Bangladesh’s ambassador to Japan, highlighted the trade potentials of Bangladesh and shed light on the key factors which played the main role for the country’s industrial development. She also mentioned the participation and contribution ... Read More »

Ireland trade mission results in more Tampa jobs

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Ireland : The Florida Chamber of Commerce got a bit more out of its trip to Ireland than an appreciation for the culture. Enterprise Florida announced during a trade mission to Ireland and the United Kingdom that four Irish companies committed to opening offices and growing in Florida. Enterprise Florida is a partnership between Florida’s businesses and government leaders. Capstone, ... Read More »

Singapore start-up Gogoprint buys Indonesia printing business

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SINGAPORE – Singapore-based Gogoprint has acquired Prinzio, an Indonesian printing start-up specialising in commercial printing outsourcing, to boost the growth of its business in Indonesia. In a media statement, Gogoprint said that Prinzio has been operating in Indonesia since 2016 and is backed by principal investor, East Ventures. The startup has worked with clients including Google, e-payments platform Ovo and ... Read More »

Malaysia’s deal activity falls significantly in 2018

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KUALA LUMPUR: Malaysia has seen a major reduction in corporate deal activity this year with total deals in mergers and acquisitions (M&A), private equity/venture capital (PE/VC) and initial public offerings (IPO) valued at US$12.5 billion compared with the record levels last year with deals worth US$20.3 billion. Duff & Phelps said this could be due to political changes and businesses ... Read More »