Friday , December 13 2019
Breaking News
Home / Author Archives: CT Report (page 30)

Author Archives: CT Report

Dollar goes down by 5 paisa in open market

LAHORE: On the first day of the week, the U.S. Dollar has been down by five paisa in open market. As per details, the Dollar is being traded at Rs 155.50 in open market. On the other hand the Dollar also went down in interbank by 3 paisa to close at Rs155.40 on Monday. Pakistan Stock Exchange (PSX) on Monday ... Read More »

PM seeks comprehensive plan from FBR to expand tax net

ISLAMABAD: The PTI-government has decided to evolve a comprehensive strategy for nationwide tax assessment and documentation drive to bring affluent people and untapped sectors in the net. According to media, Prime Minister Imran Khan has tasked the FBR to submit with a detailed plan until Nov 30, which will envisage measures to be implemented over the next two years. The ... Read More »

Gwadar New Int’l Airport Project’s construction progressing in orderly manner

BEIJING: The construction of Gwadar New International Airport Project (GNIAP), a key project under the China-Pakistan Economic Corridor (CPEC) framework, has officially been launched and at present, the construction work is progressing in an orderly manner. The China Railway Engineering Bureau’s Airport Engineering Branch is constructing the largest foreign aid project. At present, the living area of the project has ... Read More »

PSX rally for eighth successive day

KARACHI: Pakistan stock market has maintained booming rally on the eighth successive day on Monday. Pakistan Stock Exchange (PSX) benchmark KSE-100 Index surged by another 700 points to a six-month high above 36,650 points in intra-day trading at around 12:25pm. “The market is up on IMF satisfaction over Pakistan economic trajectory and Islamabad successfully averted the chances of being downgraded ... Read More »

KPT shipping intelligence report Nov 11

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Monday. ALONG SIDE (Bulk Oil Pier) OP-II Oriental lotus D. Chemical East Wind 05/11/19 OP-II Shalamar D. Crude Oil PNSC 11/11/19 ALONG SIDE (East Wharves): 1 Golden Tulip D. Chemical Alpine 10/11/19 5 Grace L. Clinkers Argonaftis 08/11/19 10/11 Al ... Read More »

KCCA asks members to follow Standard UoM update in WeBOC

KARACHI: Karachi Customs Agents Association (KCCA) has asked its members to follow and compliance require column through WeBOC system. A press release issued by Karachi Customs Agents Association stated that members are informed that in term of recommendation as per CGO.15/2019 Dated 13th September 2019 read with CGO. 17/2019 regarding “Standard Unit of Measurement (UoM)” the required column for the ... Read More »

Andleeb Abbas urges ECO member states to promote connectivity & trade

ANTALYA: The 24th meeting of the Economic Cooperation Organisation (ECO) has acknowledged Pakistan’s vision for promoting Regional Economic Cooperation. Parliamentary Secretary for Foreign Affairs Andleeb Abbas, while addressing the Council of Ministers of the ECO in Antalya, Turkey, stressed the need to make the organisation “an invaluable platform” to promote connectivity, trade and economic cooperation among the member states. She ... Read More »

FBR decides to register small, big businesses of KP

ISLAMABAD: The Federal board of Revenue (FBR) on Monday decided to register all businesses of Khyber Pakhtunkhwa (KPK) to bring them under tax net of the Board. According to FBR, a strategy has been devised for registration of all big and small scale businesses of the province. For this purpose a committee comprising officers from grade-17 and 18 will be ... Read More »

Oil drops on concern over US-China trade talks progress, oversupply

NEW YORK: Oil prices fell on Monday amid renewed doubts over the prospects of a trade deal between the United States and China, while concerns over excess supplies also weighed on the market. Brent crude was down 55 cents, or 0.9 per cent, at $61.96 by 3:50am GMT. The contract rose 1.3pc last week. US crude was 47 cents, or ... Read More »

PM Imran takes notice of ‘mishandling, delays’ on Pakistan Citizen Portal app

ISLAMABAD: Prime Minister Imran Khan took notice of the mishandling, non-resolution or delayed response on the complaints registered on the Pakistan Citizen Portal, and directed all the ministries to form a dedicated committee to evaluate the performance of the concerned officers. According to a letter issued to all ministries and divisions by the Prime Minister’s Office, a performance evaluation of ... Read More »

Habibullah Khan and 65 officials of QICT under NAB radar: Executive board approves inquiry

KARACHI: The National Accountability Bureau (NAB) has approved an inquiry against Habibullah Khan, alleged owner of the Qasim International Containers Terminal (QICT) and other 65 officials, in country’s biggest Ports and shipping scandal. NAB’s Executive Board meeting was held under the Chairmanship of Justice (r) Javed Iqbal in Islamabad where five inquiries were approved including inquiries against Habibullah Khan of ... Read More »

Sarfraz Warriach’s DGTT detects replacement of transit goods by M/s E-Movers

KARACHI: Directorate General of Transit Trade (DGTT) Director General Sarfraz Wrriach detected replacement of high tariff goods with low value goods of consignment en-route to Afghanistan. According to sources, the Directorates of Quetta and Peshawar were advised by the Director General Sarfaraz Warraich to tighten vigilance at Customs Station Chaman and Torkham to countering the pilferage attempt. Collector MCC Preventive ... Read More »

Pharmaceutical goods’ export increases by 12pc to $55.481m

ISLAMABAD: The exports of pharmaceutical product during the first quarter of financial year (2019-20) grew by 12.35 percent as compared to the exports of corresponding period of last year. The pharmaceutical exports were recorded at $55.481 million during July-September (2019-20) as against the exports of $49.383 million during July-September (2018-19), showing an increase of 12.35 percent, according to the Pakistan ... Read More »

Weakening law, order doubled traders’ miseries: RCCI

RAWALPINDI: The business community has expressed its deep concerns over the deteriorating law and order situation in the city besides alarming surge in incidents of robberies and dacoities. Shop locks have been broken, traders have been looted at the show market and tyre market in Ganjamundi police station area; two people were killed in a coal center at the police ... Read More »

Japan to expand & strengthen trade ties with Pakistan

ISLAMABAD: Japan and Pakistan have a huge potential to expand their bilateral trade and economic ties, Ambassador of Japan to Pakistan Kuninori Matsuda said on Monday. Talking to media, the envoy said that both sides have the potential to double their bilateral trade volume given that the resources were properly utilised. He maintained that Japan and Pakistan have enjoyed historical, ... Read More »

Airlift, Swvl not being banned in Sindh

KARACHI: Sindh government’s spokesperson Murtaza Wahab dismissed the reports circulating that the provincial government was planning to ban the ride hailing apps Airlift and SWVL. Wahab tweeted saying, “The news of banning SWVL & Airlift is incorrect. To the contrary, Sindh Government is in the process of introducing a law regulating these private enterprises after consulting all stakeholders.” Last night, ... Read More »

Punjab govt to launch Qeemat Punjab App to fight price hike

LAHORE: The Punjab government is setting up farmer markets at the tehsil level and starting vegetable-fruit home delivery system in five big cities to ensure availability of kitchen items at fixed prices in the province. The step will basically bypass middlemen and hoarders whom the government considers the main cause of inflation in the province. “The new system will link ... Read More »

Peshawar Preventive seizes truck loaded with non-duty paid goods worth Rs38.18m

PESHAWAR: Collectorate of Customs Customs Preventive team deputed at Dera Ismail Khan impounded a Hino truck loaded with non duty paid goods worth Rs38.18 millions. Total estimated worth of the goods is Rs 32.18 million and grand total of the seizure is Rs38.18 million. The Customs official informed Customs Today  that after pursuance of authentic information received from Additional Collector ... Read More »

Oil slides as uncertainty about US-China trade deal returns

LONDON: Oil prices fell, weighed down by lingering uncertainty about how close the United States and China were to a trade deal and on rising US crude inventories. Benchmark Brent crude was down $0.92 at $61.37 a barrel by 1046 GMT after dropping more than $1 earlier in the session. Brent is on track to end the week 0.5% lower. ... Read More »

Weekly Review: Stabilizing macro-economic continue to fuel bullish trend

KARACHI: The upswing in the market may be met with some profit-taking next week. The continuation of the sit-in in the federal capital may create some apprehensions which we expect to create some short-lived jitters in the market, analysts said. “We expect the stabilizing macro-economy to continue fueling the bullish trend over the medium to long term,” analysts at Arif ... Read More »