Friday , July 10 2020
Breaking News
Home / Author Archives: CT Report (page 3170)

Author Archives: CT Report

Ukraine margarine production decreases

KIEV: In January large and medium-sized enterprises of Ukraine produced only 13.2 KMT of margarine that was the all-time low for this month. For instance, in December 2015 margarine production reached 15.7 KMT, in January 2015 – 15.8 KMT. Since the beginning of the current season production reached 82.8 KMT that is the lowest level since 2002/03. Reduction of margarine ... Read More »

Argentine Products interested in exports of Ukrainian sunflower oil

KIEV: The Ministry of Economic Development and Trade has informed that Argentine Products company (Argentina) is interested in exports of Ukrainian unrefined sunflower oil. According to a report on the ministry’s website, goods will be mainly supplied to the Middle East. The contact data of the company are also posted on the website of the Economic Development and Trade Ministry. ... Read More »

Vietnam domestic insurers see AEC potential

HANOI: Vietnamese insurers have been offered great opportunities to expand their market share in the regional market thanks to the formation of the ASEAN Economic Community (AEC). With total gross domestic product of US$2.6 trillion, ASEAN will represent a large market for insurance products to a population of 625 million. According to Milliman – a US-based multinational consultancy provider, life insurance ... Read More »

132 narcotics cases registered in Sindh during six months

KARACHI: Sindh Excise and Narcotics Departments have registered 132 cases under Narcotics Act and arrested 141 accused besides impounding 12 vehicles from different parts of the province during the last six months. This was revealed during a briefing to Sindh Minister for Excise, Taxation and Narcotics Giyan Chand Asrani. The report further informed that during the corresponding period in 4 ... Read More »

Construction work on Tarbela 4th extension project reviewed

ISLAMABAD: Water and Power Development Authority (Wapda) Chairman Zafar Mahmood Thursday visited the 1410 MW-Tarbela 4th Extension Hydropower Project to review progress of construction work on the project. During the visit, the chairman had a round of various sites of the project including power house, intake and switchyard etc. to witness construction activities going on there, said a press release. ... Read More »

NA body recommends no increment in Haj packages rates

ISLAMABAD: A meeting of the National Assembly Standing Committee on Religious Affairs and Inter-Faith Harmony held here Thursday reviewed the proposed Haj policy 2016 and recommended not to increase the rates of government Haj packages. The committee meeting was held under the Chairmanship of Hafiz Abdul Kareem, MNA to discuss the Haj policy and arrangements for 2016. The committee recommended ... Read More »

Revolutionary steps being taken to promote renewable energy resources

ISLAMABAD: National Assembly Speaker Ayaz Sadiq Thursday said vibrant bilateral relations between Pakistan and Spain give dynamism to existing ties by sharing knowledge, expertise and enhanced capacities. The friendly relations between both the countries may generate new avenues of cooperation for sustainable development and socio-economic uplift, the Speaker said this while talking to Spanish Ambassador, Carlos Cesar Morales Sanchez, who ... Read More »

BoK posts Rs 1.789 billion profits

PESHAWAR: The Bank of Khyber (BoK) posted Rs 1.789 billion profit after tax (PAT) for the period ended December 31, 2015 showing increase of 37% over the corresponding period of 2014 which was Rs 1.309 billion. The Board of Directors approved payment of cash dividend of 12.5% from reserves available for appropriation in the 136th meeting of the Board of ... Read More »

Brisk shipping activity observed at Port Qasim

KARACHI: Brisk shipping activity was observed at the Port Qasim (PQ) where eight ships were allotted berths Wednesday, a statement said Thursday. The ships allotted berths included CV CMA CGM Thames, CV Mearsk Skarstind, MV An African, MT Manas, MT Maran Gas Troy, MT Gas Sellan, MT Shalamar, MT Gas Sellan and MT Liberty-N Scheduled to load/ offload. Containers, 9,023 ... Read More »

KPT shipping movements report

KARACHI: Following were the Movements of Ships at Karachi Port Trust (KPT) during the last 24 hours, ending at 0700 hours on Thursday. SHIPS SAILED: Hansa Neuburg Malhari Leopard Batam Trader SHIPS BERTHED: Malhari Tanker Nordic Tianjin Coal Batam Trader Container ship Wan Hai 511 Container Ship Cosco Wellington Container Ship EXPECTED SAILING DATE Cosco Wellington 10/03/16 EXPECTED ARRIVAL DATE ... Read More »

Italy’s youth unemployment rate fall to 40.3% in 2015

ROME: Italy’s average youth unemployment rate fell to 40.3 percent in 2015 – the first time the rate for the year has fallen since 2007. The jobless rate among Italy’s 15 to 24 year was 2.4 percent lower last year than in 2014, Istat, the national statistics office, said on Thursday. The overall unemployment rate fell to 11.9 percent from ... Read More »

Brazil iron ore exports surges 29% in Feb

BRASÍLIA: The most recent statistics released by Brazil’s Secretary of Foreign Trade (Secex) indicates significant rise in iron ore exports by the country during the month of February 2016. Brazil’s iron ore exports during Feb ’16 totaled 27.447 million tons, up by 29% when compared with the previous month. The country’s iron ore exports had totaled 21.277 million tons during ... Read More »

New Zealand game sales increase 13%

WELLINGTON: New Zealand’s game industry has recorded another year of growth, with sales up 13 per cent on the previous year. The Interactive Games and Entertainment Association (IGEA) released its 2015 report on Thursday. Traditional retail sales accounted for $136 million, a 4.5 per cent increase on 2014, while digital sales rose 18 per cent to $256 million. These figures ... Read More »

Turkey suspends phone probe

HANOI: The Turkish government on March 4 terminated investigations into mobile phones imported from Việt Nam without safeguard measures, according to the Việt Nam Competition Authority (VCA). On December 5, 2014, an investigation into mobile phones imported from Viet Nam was launched by the Turkish government on the request of Turkey’s Vestel Elektronik Sanayi Company Ve Ticaret A.S. The company ... Read More »

Greek unemployment drops to 24% in December

ATHENS: Greece’s jobless rate dropped to 24 percent in December from a downwardly revised 24.4 percent in the previous month, statistics agency ELSTAT said on Thursday. The number of unemployed reached 1.14 million people. December’s reading, based on seasonally adjusted data, was the lowest since May 2012 when unemployment stood at 24.0 percent. The jobless rate hit a record high ... Read More »

Pakistani traders willing to invest in Afghanistan

KABUL: Pakistani traders, who visited Kabul, said they were ready to invest in different sectors of Afghanistan, the Ministry of Finance said on Wednesday. Finance Minister Eklil Hakimi met the delegation in Kabul and exchanged views with the delegates on trade relations, encouraging entrepreneurship and other economic issues, a statement from the Ministry of Finance said. “Afghan government is trying ... Read More »

Hungary gov’t to seek joint stand with V4 on reducing internet Vat

BUDAPEST: Hungary’s government aims to act together with the other Visegrad Group countries (the Czech Republic, Poland and Slovakia) to press Brussels for a reduced VAT rate on internet services, Tamás Deutsch, government commissioner for the Digital Prosperity Programme, told MTI here the other day. A proposal on the matter could be made at the next meeting of Visegrad Group ... Read More »

Zambia eyes solar power export

HARARE: Zambia will become a regional exporter of electricity once the development of new sources such as the 600 megawatts (MW) solar photo voltaic power plants are commissioned, Deputy Minister of Commerce, Trade and Industry Raymond Mpundu has said. Speaking yesterday at the Zambia scaling solar bidders’ conference, Mr Mpundu said Government has prioritised energy diversification with solar power being ... Read More »

Inditex net income up 15%

MADRID: Inditex SA, the world’s largest clothing retailer, reported its fastest annual profit growth in three years fueled by online sales and the Zara chain, which offers US$19.90 flared dresses and US$29.90 leather sandals. Net income rose 15 percent to 2.88 billion euros (US$3.2 billion) in the period through January, the owner of the Zara and Massimo Dutti brands yesterday ... Read More »

Asustek forecasts shipments to grow

TAIPEI: Asustek Computer Inc yesterday said it expects its revenue and shipments this month to grow by a double-digit percentage from last month on the back of improving notebook and smartphone demand in Russia and eastern Europe. The company’s forecast came after posting 1.7 percent year-on-year growth in revenue of NT$35.39 billion (US$1.07 billion) last month. The figure represented a ... Read More »