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Author Archives: CT Report

HK Customs seizes 10kg of ivory

HONG KONG: An incoming male passenger was arrested at the airport yesterday after customs officers found 10 kilos of suspected ivory pieces. The passenger, aged 32, had arrived from Abidjan, Côte D’Ivoire (formerly known as the Ivory Coast) via Dubai, UAE, according to a government press release. The ivory was found in his check-in luggage during customs clearance. The case ... Read More »

Chinese Customs seizes smuggled meat worth $31m

XIAMEN: A haul of 530 tonnes of smuggled meat, including contaminated or diseased chicken wings, from Brazil and the United States, was seized at a port in Zhangzhou City, Fujian Province. The meat was incinerated by customs in east China’s Xiamen City, according to police on Tuesday. The meat was destroyed by biomass power generation, which is much more environmentally ... Read More »

Rashid Javaid takes charge as Dy Commissioner-IR

ISLAMABAD: Rashid Javaid Rana, a BS-18 officer of Inland Revenue Service, has assumed the charge of the post of Deputy Commissioner-IR, Regional Tax Office, Islamabad. The officer, in pursuance of Board’s Notification No.0539-IR-I/2016 dated 24-02-2016, took the charge of the post of Deputy Commissioner-IR, Regional Tax Office, Islamabad, on March 01. Read More »

Inspector Shireen exonerated from charges

ISLAMABAD: Shireen Subhan, Inspector (BS-16), posted at Model Customs Collectorate, Peshawar, has been exonerated from the charges levelled against him. As per details, the disciplinary proceedings were initiated against the officer under Government Servants (Efficiency & Discipline) Rules, 1973, while, Adeem Khan, Deputy Collector (BS-18), Model Customs Collectorate, Peshawar, was appointed as inquiry officer. According to the inquiry report, the ... Read More »

Worldwide PC sales set to fall 5.4% in 2016

BERLIN: The global personal computer market is expected to see sales fall 5.4 percent in 2016 but 2-in-1 detachable models are likely to be more popular, research firm IDC said yesterday. The expected 5.4 percent decline in global PC sales is smaller than a 10.1 percent slump in 2015. The outlook for later years has been reduced by about 1 ... Read More »

Customs Inspector Aziz acquitted

ISLAMABAD: Aziz-ur-Rehman, Inspector (BS-16), posted at Model Customs Collectorate, Peshawar, has been exonerated from the charges levelled against him. The disciplinary proceedings, under Government Servants (Efficiency & Discipline) Rules, 1973 were initiated against the accused officer, while Adeem Khan, Deputy Collector (BS-18), Model Customs Collectorate, Peshawar, was appointed as inquiry officer. According to the inquiry report, the charges levelled against ... Read More »

Superintendent Saleem retires

ISLAMABAD: Muhammad Saleem Akhtar, a Pakistan Customs Service officer BS-16, has retired from the government service on attaining the age of superannuation. The officer, Superintendent (BS-16) and posted at Model Customs Collectorate, Faisalabad, stood retired with effect from March 13. Read More »

S.Korea’s Feb Iran crude oil imports surge over 90%

SEOUL: South Korea’s imports of Iranian crude oil surged 91 percent in February from a year earlier with the United States lifting sanctions on Tehran in January, customs data showed on Tuesday. Seoul brought in 1,064,337 tonnes of Iranian crude oil last month, or 269,020 barrels per day (bpd), almost two times higher than 557,174 tonnes imported a year earlier, the ... Read More »

Dane closes business in Thailand over visa issue

BANGKOK: Danish expat businessman Preben Pretzmann, has been living in Thailand for 16 years. He established FBI Real Estate in Udon Thani when he came to Thailand in 2000 and has been directing it since. Now issues related to his visa is forcing him to close the business, he claims. According to Preben Pretzmann, the Immigration Offices has given no ... Read More »

Inspector-IR Ata-ur-Rehman suspended

fbrISLAMABAD: Ata-ur-Rehman, Inspector-IR, Regional Tax Office, Peshawar, has been suspended for a period of three months. The competent authority, exercising the powers conferred under Rule 5(1) of the Government Servants (Efficiency & Discipline) Rules, 1973, suspended for three months with immediate effect. Read More »

Saudi lifts ban on imports of horses from Jordan

RIYADH: The Ministry of Agriculture lifted the ban on imports of horses from Jordan to participate in sporting events. According to a report in Arabic daily Sabq, the Ministry of Agriculture set several terms and conditions regulating the imports and advised the interested horse breeders to contact the Ministry of Agriculture for more information via the toll-free number 8002472220. Read More »

SL gov’t officially approves to restart China-funded multi-billion-dollar Port City project

COLOMBO: The Sri Lankan government on Monday informed the Chinese investors to restart a multi-billion-dollar port city project. The project which began its construction in September 2014 was suspended by the Maithripala Sirisena regime in March last year. The government had called for a review on the project.   Read More »

Saudi Arabia raises import taxes on cigarettes

RIYADH: The Saudi customs authority has raised import taxes on cigarettes, it said on Monday, days after some shop owners in the kingdom removed packs from their shelves in anticipation of price hikes. Saudi Customs changed its assessment of the value of certain types of cigarettes, causing tariffs assessed on each pack to rise, according to a statement on its website ... Read More »

China’s fixed-asset investment up 10.2% in Jan-Feb

BEIJING: China’s fixed-asset investment grew 10.2 percent year on year to 3.8 trillion yuan ($586 billion) in the first two months of 2016. Growth picked up slightly from the 10-percent increase recorded in 2015, according to the National Bureau of Statistics (NBS) here the other day. It marked an end to several years of continuous deceleration in the growth of ... Read More »

South Africa, Saudi Arabia to boost trade ties

CAPE TOWN: Trade and Industry Minister Rob Davies and his Saudi Arabian counterpart, Tawfig Fawzan Alrabiah, will co-chair the 7th session of the South Africa-Saudi Arabia Joint Economic Commission (JEC) in Cape Town this week. The JEC starts on Monday with senior government officials and concludes on Tuesday with the signing of the joint communiqué by the two ministers, the ... Read More »

China retail sales rises 10.2% in Jan-Feb

BEIJING: China’s retail sales of consumer goods grew 10.2 percent year on year in the first two months of 2016, official data showed here the other day. The rate slowed from the 11.1-percent growth recorded in December 2015 and 10.7-percent for the entire 2015, according to the National Bureau of Statistics (NBS). NBS data showed that total retail sales of ... Read More »

IHC issues notice to finance ministry, PC in MCB Bank sale case

ISLAMABAD: The Islamabad High Court has issued notice to the Finance Ministry and the Privatisation Commission (PC) in a case of alleged irregularities in the privatisation process of MCB Bank. A division bench comprising Justice Aamer Farooq and Justice Miangul Hassan Aurangzeb issued the notice after the petitioner, MCB Bank, made the ministry and the commission respondents in the case ... Read More »

China property investment rises 3% in Jan-Feb

BEIJING: Investment in China’s property sector rose 3 percent year on year in the first two months of 2016, making notable improvement, official data showed here the other day. The growth rate was higher than the 1-percent increase for the entirety of 2015. It marks an end to a continuous deceleration over the past two years in the growth of ... Read More »

Salalah port signs Iran cooperation agreement

TEHRAN: The Port of Salalah, the biggest port in Oman, has signed a Memorandum of Understanding with the Iranian ports of Shahid Rajaee and Chabahar, through the Port and Maritime Authority (PMO) of the Islamic Republic of Iran. This landmark agreement envisages close cooperation in a diverse range of activities and aims to facilitate growth in shipping, trade and commerce ... Read More »

Eight cricketers yet to file tax returns

ISLAMABAD: Eight Pakistani cricketers have not yet filed their tax returns so far. According to a list issued by Federal Board of Revenue (FBR), test players Younis Khan, Fawad Alam, Asad Shafiq, Anwar Ali, Yasir Shah, Imad Wasim, Babar Azam and Misbah ul Haq had not submitted their income tax returns for 2015-106. As per the FBR report, Mohammad Hafeez ... Read More »