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Author Archives: CT Report

Customs Intelligence DG Imtiaz to hold meeting on anti-smuggling tomorrow

ISLAMABAD: Directorate General of Customs Intelligence and Investigation Director General Imtiaz Ahmad Khan will preside over an important meeting on March 29, 2016 (Tuesday) to discuss ongoing anti-smuggling campaign. The meeting will be held at Customs Intelligence Headquarters, Islamabad and officials of Model Customs Collectorates and intelligence from all over the country will participate in the meeting. Representative of custom ... Read More »

Tevta students to showcase projects in Skills Show

LAHORE: Different projects and models, designed by the students of Technical Education & Vocational Training Authority (Tevta), will be showcased at two-day National Skills Show 2016. TEVTA and NAVTTC are jointly organising the National Skills Show at Expo Centre Lahore, being started from tomorrow (Tuesday). A large number of enrolled youth and stakeholders of renowned organisations is participating in this ... Read More »

China industrial firms profit rise 4.8% in Jan-Feb

BEIJING: Profits at major industrial firms rose 4.8 percent year-on-year for the first two months of 2016, reversing last year’s downward trend, official data showed on Sunday. Profits at industrial companies with annual revenues of more than 20 million yuan ($3.1 million) totaled 780.7 billion yuan during the January-February period, according to the National Bureau of Statistics. The latest numbers ... Read More »

Japan Govt buys control of Yokohama, Kawasaki ports

TOKYO: Japan’s government on Friday acquired a majority 50 percent stake in the company operating the ports of Yokohama and Kawasaki for 500 million yen ($4.4 million), allowing the terminal operator to jack up its capital investment. The move is part of a series of steps taken since 2010 to strengthen the international competitiveness of the country’s ports by increasing ... Read More »

Qatar Customs Authority launches disaster recovery site

DOHA: The General Authority of Customs (GAC) has launched a disaster recovery site in co-operation with the Ministry of Transport and Communications and an IT company. The site will serve as a back-up for the continuity of service under the Al Nadeeb system in case of service disruptions due to natural or other disasters, according to a statement, which notes ... Read More »

Al-Jazeera set to cut over 20% of labor force

DOHA: Qatar’s state-funded broadcaster Al-Jazeera yesterday announced a fresh round of job cuts with around 500 positions being lost, most of them at the network’s Doha headquarters. On top of existing losses of 700 jobs following an announcement earlier this year that Al-Jazeera America is to close, it means the broadcaster is set to shed more than 20 percent of ... Read More »

Smuggled sugar seized in Zamboanga

ZAMBOANGA CITY: A cargo vessel loaded with 1,500 sacks of sugar believed to have been smuggled from Malaysia was seized on Easter Sunday in Zamboanga City. Government authorities intercepted the sugar shipment from M/T Fatima-Radz Auna in the waters off Barangay Arena Blanco, a report from the Customs Intelligence Group (CIG) said. The CIG report said the motor launch was ... Read More »

Islamabad Customs seizes cloth, perfumes and tea worth Rs 11m

ISLAMABAD: In an ongoing anti-smuggling campaign, the Model Custom Collectorate seized textile fabric, imported perfumes and black tea worth Rs 11.310 million. Following the credible information received through Islamabad Customs Collector Arslan Subuctagaen, a team of officials under the supervision of Superintendent Zargam Dil conducted raid and intercepted a Mazda Truck bearing Registration No. LES-15-7848 near Rawat. The officials recovered ... Read More »

Four Maldivians arrested in Sri Lanka for drug smuggling

COLOMBO: Four Maldivians who tried to smuggle three kgs of heroin to Sri Lanka were arrested by the neighouring country’s police on Saturday, Sri Lanka media has reported. Police Media Spokesperson ASP Ruwan Gunasekara was quoted by a Sri Lankan newspaper who said police arrested a Maldivian couple who tried to smuggle three Kg of heroin outside the airport as ... Read More »

ADB to help set up 1,000 mini-micro hydropower stations in KP

PESHAWAR: Asian Development Bank (ADB) would assist Khyber Pakhtunkhwa government in developing 1,000 mini-micro hydropower stations in backward areas. This was revealed during 12th Pakhtunkhwa Energy Development Organisation (PEDO) board of directors’ meeting held under the chairmanship of ex-chairman Wapda and PEDO board Chairman Shakeel Durrani. PEDO CEO Akbar Ayub briefed the board about pace of work in the ongoing ... Read More »

Kuwait Customs foils attempt to smuggle meth

KUWAIT: Abdaly customs officers foiled an attempt to smuggle 500 grams of shabu (methamphetamine) hidden in a salt container. A customs officer said the drugs were caught with possession of an Iraqi truck driver, who was taken to the relevant authorities to face charges. Read More »

7 historic artifacts prevented from smuggling in Herat

HERAT CITY: The governor said here the other day that intelligence officials had prevented seven historic artifacts from being smuggled out of western Herat province. Mohammad Asif Rahimi told a news conference here the relicts recued were 700 to 1,000 years old and related to Timurid, Bactria and Ghori eras. The monuments prevented from smuggling included a golden cup, a ... Read More »

Pak to increase security on Iran border to boost trade: Minister

ISLAMABAD: The government will ensure security of the bordering areas between Iran and Pakistan to boost bilateral trade ties. This was stated by Minister for States and Frontier Region Lt General (r) Abdul Qadir Baloch, while talking to Islamic Republic News Agency (IRNA). He said Pakistan could ensure desirable security for anything which had to travel on ground between Iran ... Read More »

US solar PV revenue grows 21% to $22.6bn in 2015

WASHINGTON: Revenue generated from installations of solar PV in the U.S. reached $22.6 billion in 2015, according to a new report by Navigant Research. The market has demonstrated a 21% increase over 2014, and nearly tripled from 2011. The report highlights the current most positive trends of the U.S. solar market, such as technology cost reduction, renewable energy targets at ... Read More »

Drillers shrug at once-coveted oil leases as US revenue drops

WASHINGTON: Cheap oil may be a boon to US motorists who are paying less at the pump, but it’s costing the federal government hundreds of millions of dollars in revenue. Just 30 companies showed up for a government auction of offshore oil and gas leases on Wednesday, plunking down $156 million in high bids for once-coveted territory in the central ... Read More »

Russia’s O’Key sees revenue rising 11-15% in 2016

MOSCOW: O’Key Group SA says * Q4 2015 net profit fell 57.6 percent, year-on-year, to 1.12 billion roubles ($16.55 million); * Q4 gross profit at 11.05 billion roubles, gross margin of 23.1 percent; * Full-year 2015 net profit down 63.6 percent to 1.92 billion roubles; * FY 2015 EBITDA down 10.3 percent to 10.11 billion roubles, EBITDA margin down 120 ... Read More »

Dar urged to put economy on right track thru SME-friendly policies

ISLAMABAD: The local business community has urged Federal Finance Minister Ishaq Dar to consider their proposals for putting the economy on the right track through SME-friendly policies. In a statement, Union of Small and Medium Enterprises (UNISAME) President Zulfikar Thaver said the SME sector constituted a major chunk of the country’s economy, and unless the policy makers focused on the ... Read More »

Pierre Cardin plans to produce clothes in Russia

MOSCOW: The fashion brand Pierre Cardin has decided to manufacture its clothes in Russia and has started negotiations with a number of Russian factories, the company’s designer Rodrigo Basilicati said in an interview with the RNS. So far, Russia has been purchasing Pierre Cardin items via German and Italian companies, which have licenses for the local production. Representatives of the ... Read More »

Next My Karachi exhibition to highlight Gwadar Port, CPEC projects

KARACHI: The 14th My Karachi Exhibition 2017 will highlight the potential and raise awareness about opportunities of Gwadar Port and CPEC projects. On the conclusion of 13th My Karachi-Oasis of Harmony Exhibition, Businessmen Group (BMG) Vice Chairman Zubair Motiwala and Karachi Chamber of Commerce & Industry (KCCI) President Younus Muhammad Bashir addressing a press conference said that they announced that ... Read More »

Insee revises up France 2015 growth to 1.2%

PARIS: French national statistics institute Insee revised up growth rate of the eurozone’s second biggest economy to 1.2 percent in 2015 here the other day, up by 0.1 percent from a previous estimate and above government objective. For the last three months of last year, growth was unchanged at 0.3 percent, Insee added. In 2015, France saw household consumption at ... Read More »