Saturday , September 19 2020
Breaking News
Home / Author Archives: CT Report (page 3150)

Author Archives: CT Report

Air New Zealand reviews stake in Virgin Australia

WELLINGTON: Air New Zealand is considering selling its shareholding in alliance partner Virgin Australia. The announcement came after Virgin Australia went into a trading halt on the Australian Stock Exchange. Air NZ said it would use Credit Suisse and First NZ Capital to advise it on its options, including a part or full sale of its 26 per cent stake. ... Read More »

Abid Hakro assumes charge as Gwadar Customs Dy Director

ISLAMABAD: Abid Hussain Hakro, Pakistan Customs Service officer of BS-19, has assumed the charge of the post of Deputy Director, Model Customs Collectorate, Gwadar. The officer, pursuing the Board’s Notification No. 0643-C-II/2016 dated 07.03.2016, relinquished the charge of the post of Deputy Director, Directorate of Reforms and Automation (Customs), Karachi with effect from March 09. Read More »

Sumaira takes charge as Deputy Collector at Lahore Appraisement

ISLAMABAD: Sumaira Omar, Pakistan Customs Service officer of BS-18, has assumed the charge of the post of Deputy Collector, Model Customs Collectorate of Appraisement, Lahore. The officer, in pursuance of Board’s Notification No. 0643-C-II/2016 dated 07.03.2016, has relinquished the charge of the post of Deputy Collector, Model Customs Collectorate, Faisalabad, with effect from March 14. Read More »

Pak rupee sheds value vs dollar

KARACHI: The Pakistan rupee Wednesday again lost some value against the US dollar in open market. According to the local money market, the US currency gained five paisas in open market for selling at 105.85 and remained unchanged in interbank at 104.50. On Tuesday, the dollar lost five paisas in cash-free market for selling at 105.80 and remained firm in ... Read More »

USCA concerned about Brazil beef imports

BRASÍLIA: United States Cattlemen’s Association leaders remain concerned about possible beef imports from Brazil. President Danni Beer, a producer from Corson County South Dakota, says reports vary on the timing of shipments following USDA approval. Some reports indicate it could be within the next three months while others say the end of the year. Beer says the problem is the ... Read More »

Titan expects Rs 1,400 crore revenue from gold scheme next fiscal

BENGALURU: Titan, the maker of namesake watches and Tanishq jewellery, said it expects revenue from its new gold installment scheme (GHS), which was re-launched two years back in compliance with the new Companies Act, to grow to about Rs 1,400 crore in the next fiscal, a sign the business was slowly coming back on track. The previous GHS was a ... Read More »

India extends import taxes on some steel products

NEW DELHI: India has extended safeguard import taxes on some steel products until March 2018, a government order said on Wednesday, as it looks to curb imports of cheap Chinese steel and shield domestic mills. China last year increased its exports of steel products as demand slowed at home, leading to increased regulatory scrutiny and new duties in markets such ... Read More »

Pakistan to buy more electricity from Iran

TEHRAN: Iranian Energy Minister Hamid Chitchian has expressed Tehran’s readiness to increase electricity exports to Pakistan by 40%. Islamabad seeks more electricity from Iran and Pakistan’s minister for water and power will sign the related agreement during his planned trip to Tehran, IRNA quoted Chitchian as saying on Tuesday. Chitchian and his Pakistani counterpart Khawaja Muhammad Asif made initial agreements ... Read More »

ICE’s revenue jumps 8% to $3.34bn in 2015

ATLANTA: The owner of multiple exchanges and business lines including the NYSE, under the group operator Intercontinental Exchange Inc. (ICE), today reported its 2015 annual report which saw modest rises across key business metrics, including a rise of nearly 8% for net revenue which reached nearly $3.34 billion, up from $3.09 billion year-over-year. The company’s CEO and Chairman Jeffrey C. ... Read More »

Mexico’s oil exports fall 45.8%

MEXICO CITY: Mexico’s oil exports fell at an annualized rate of 45.8 percent in February, a month when the trade deficit totaled $724.7 million, the National Institute of Statistics and Geography, or INEGI, said. Exports totaled $29.02 billion in February, down 2.3 percent from the same month in 2015, the INEGI said in a statement. Oil exports plunged 45.8 percent ... Read More »

Naveed Iqbal assumes charge as Customs Second Secretary

ISLAMABAD: Naveed Iqbal, Pakistan Customs Service officer of BS-18, has assumed the charge of the post of Second Secretary, Federal Board of Revenue (HQ). The officer, in pursuance of Board’s Notification No. 0643-C-II/2016 dated 07.03.2016, relinquished the charge of the post of Deputy Collector, Model Customs Collectorate of Appraisement (West), Karachi, with effect from March 22. Read More »

Rallis India stock jumps over 5% on IKEA deal

NEW DELHI: Shares of agro-chemical firm Rallis India rose by over 5 per cent today after the Tata group’s agri-input arm entered into an agreement with IKEA India to transfer its leasehold right over a land parcel here for nearly Rs 214 crore. The stock jumped 4.82 per cent to Rs 178 on BSE. On NSE, it rose by 5.29 ... Read More »

Deputation period of Commissioner Daud extended

ISLAMABAD: The deputation period of Muhammad Daud Pirzado, Pakistan Customs Service officer of BS-19, presently posted as Commissioner, Sindh Revenue Board (SRB), Karachi, has been further extended up to June 30. The officer, unless otherwise directed by the Competent Authority, will stand repatriated to his parent department on completion of his deputation period without further notice, said a notification, issued ... Read More »

Two Assist Accountants assigned look-after charge

ISLAMABAD: Two Assistant Accountants of the Customs Department have been assigned look-after charge. Muhammad Nasir, Assistant Accounts Officer, Directorate General of Customs Valuation, Karachi, has been assigned to look-after Accounts & Budget related work of the Collectorate of Customs Adjudication-II, Karachi in addition to his own duties with immediate effect. Azhar Saeed Khan, Assistant Accounts Officer, Directorate General of Training ... Read More »

Science Applications’ revenue grows by 13%

SAN DIEGO: Defense contractor Science Applications International Corp. continued to see revenue growth in the final quarter of the year, buoyed by its acquisition of Scitor Holdings, with earnings handily beating expectations. Shares surged 7.6% to $50.10 in morning trading. The Virginia-based company completed the $790 million acquisition of Scitor earlier last year, and said it contributed about $133 million ... Read More »

Internal Audit-IR Dy Director Hamid retires

ISLAMABAD: Hamid Saeed Khan, a BS-18 officer of Inland Revenue Service, is going to retire from the government service on attaining the age of superannuation. The officer, presently posted as Deputy Director, Directorate of Internal Audit (IR), Karachi, will stand retired from the government service with effect from April 04. Read More »

Japan’s auto exports up 1.0% on year in Feb

TOKYO: Japan’s exports of cars, trucks and buses increased 1.0% year over year in February for the first time in two months, the Japan Automobile Manufacturers Association said Wednesday. Exports totaled 369,410 vehicles in February, up from 365,855 vehicles in the same month a year earlier, the association said. Read More »

Assist Commissioner Syed Asif to retire on May 11

ISLAMABAD: Syed Asif Hussain Jafri, a BS-17 officer of Inland Revenue Service, is going to retire from the government service on attaining the age of superannuation. The officer, presently posted as Assistant Commissioner, Regional Tax Office, Karachi, will stand retired from the government service with effect from May 11. Read More »

EU tax plans to make multinationals more transparent

BRUSSELS: The biggest companies in Europe will be forced to disclose more clearly the taxes they pay and profits they make in individual countries in a bid to make it harder to conceal untaxed cash piles. New plans from the European Commission would require multinationals with annual turnover exceeding € 750 million to publish the information each year on their ... Read More »

Danish companies giving high-end foreign workers massive tax breaks

COPENHAGEN: Many Danish companies seem to be taking advantage of a tax plan originally designed to help universities find researchers to offer a significant tax break to employees working in fields having little or nothing to do with academia. Some foreign workers under the plan pay half as much in taxes as their Danish counterparts. The companies involved include major ... Read More »