Monday , September 21 2020
Breaking News
Home / Author Archives: CT Report (page 3230)

Author Archives: CT Report

Iran negotiating to attract $200M investment to buy offshore rigs

TEHRAN: The National Iranian Drilling Company (NIDC) needs $200 million to purchase offshore rigs, the company’s managing director, Heidar Bahmani said. Negotiations are underway with Iranian and foreign investors from Asia and Europe on the issue, Bahmani said, the oil ministry’s SHANA news agency reported March 6. The company owns 75 drilling rigs, he said, adding the number will reach ... Read More »

India’s steel imports drop for fourth straight month

NEW DELHIl: India’s steel imports dropped for a fourth straight month in February, provisional government data showed, as duties and a floor price on steel products helped reduce overseas purchases hurting the sector. The Indian government imposed a 20 percent safeguard import duty for 200 days on some steel products in September 2015 and last month set a floor price ... Read More »

Fitch ranks Saudi banking system 4th globally

MAKKAH: The international rating agency “Fitch” ranked Saudi banking system fourth-best and the strongest banking system in the world, after Australia, Canada and Singapore, said Governor of the Saudi Arabian Monetary Agency Dr. Fahd Al-Mubarak. In a speech during the Islamic Banking and Finance Conference organized by Makkah-based Umm Al Qura University, he said that financial activity compatible with the ... Read More »

Iranian, German private sectors seek to revive business ties

TEHRAN: A trade delegation from Iran’s private sector held a meeting with representatives of major German companies, exploring avenues for a boost to bilateral trade following the implementation of a lasting nuclear deal between Tehran and world powers. The delegation from Iran Chamber of Commerce, Industries and Mines, led by the chamber’s deputy head Pedram Soltani, had a meeting with ... Read More »

South African petro chemical giant to invest $1b in Mozambique

CAPE TOWN: South Africa’s petro-chemical giant, SASOL has confirmed it will be investing over $1 billion in the exploitation of light oil for gas and energy production in Inhassoro district of the southern Mozambican province of Inhambane as from 2018.The project kicks off this year with the construction of a processing plant in Inhassoro, a Mozambican coastal town, situated some ... Read More »

Jordan tourism revenues fall JD220m in 2015

AMMAN: The Kingdom’s tourism revenues dropped JD220 million in 2015, which, according to an official, was mainly due to regional instability. Official figures on the Tourism Ministry’s website showed that tourism receipts went down from JD3.1 billion in 2014 to JD2.88 billion last year, a 7.1 per cent decline, as the Kingdom saw a drop in the number of overnight tourists ... Read More »

Thailand seeks to crack down on insider trading

BANGKOK: Thai executives are facing a crackdown on insider trading as a backlash grows over a high profile scandal in the country, according to an article in the FT. The stock market regulator’s head has said stronger action is needed on market manipulation, after CP All, operator of the country’s 7-Eleven franchise, allowed three board members who were fined for the ... Read More »

Iron ore exports from Australia’s Port Hedland rebounds sharply

CANBERRA: Iron ore exports from the world’s largest iron ore loading terminal, Port Hedland, rebounded modestly in February following weather-related supply disruptions in January. According to the Pilbara Ports Authority, exports rose by 2.85 million tonnes, or 8.4%, to 36.63 million tonnes during the month, leaving the annual increase at 2.7%. In the 12 months to February iron ore exports totalled ... Read More »

Port of Salalah, Iranian ports agree to facilitate trade growth

SALALAH: The Port of Salalah (PoS) has signed a Memorandum of Understanding with Shahid Rajaee Port and Chabahar Port 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 that will facilitate growth in shipping, trade and commerce for both nations. “With multiple main line ... Read More »

PCG apprehends driver for transporting narcotics

KARACHI: Pakistan Coast Guard (PCG) conducted a successful operation and recovered huge quantity of illegal liquor and charas. The estimated value of the seized narcotics is Rs 2 million. Sources told Customs Today that after receiving credible information that a Mazda truck loaded with illegal narcotics is coming from Baluchistan to Karachi. Pursuing the information, the PCG has established a ... Read More »

CPEC to make Pakistan centre of trade in region: Ahsan

LAHORE: China-Pakistan Economic Corridor (CPEC) project would make Pakistan centre of trade and commerce in the region of three billion population. This was stated by Federal Minister for Planning, Development and Reforms Prof Ahsan Iqbal, while addressing the closing ceremony of IAPEX-2016 (Institute of Architects Pakistan Exhibition) at a local hotel. “South Asia, China and Central Asia are three engines ... Read More »

Shehbaz reviews solar energy projects

LAHORE: Chief Minister Muhammad Shahbaz Sharif, presiding over a high-level meeting, eviewed different proposals regarding installation of solar tube-wells, converting schools on solar energy and running of water filtration plants for Saaf Pani Project through solar energy. Addressing the meeting, Shahbaz Sharif said the government is implementing a comprehensive program of use of solar energy and has evolved a program ... Read More »

Syed Tanveer relinquishes charge as Customs T&R director

ISLAMABAD: Syed Tanveer Ahmad, a Pakistan Customs Service officer of BS-18, has relinquished the charge of the post of Director, Directorate General of Training & Research (Customs), Karachi. The officer, in pursuance of Board’s Notification No. 0304-C-I/2016 dated 06.02.2016, relinquished the charge of the post of Director, Directorate General of Training & Research (Customs), Karachi with effect from February 11. Read More »

Marvi tries to resolve BISP beneficiaries’ problems thru radio programme

ISLAMABAD: State Minister and Benazir Income Support Programme (BISP) Chairperson Marvi Memon has listened to problems of BISP beneficiaries of remote areas during a live radio broadcast. A large number of beneficiaries from different areas including Kashmor, Gilgit, Hafizabad, Abbottabad, Swabi, Ghanchi, Shahdara, Attock, Landi-Kotal, Haripur, Chamb, Peshawar, Taxila, Nowshera, Islamabad, Chakwal, Lahore, Bajor, Jehlum, Narowal and Azad Jammu and ... Read More »

Imran Latif assumes charge as OPS Chief (BTB)

ISLAMABAD: Imran Latif Minhas, a BS-19 officer of Inland Revenue Service, has assumed the charge of the post of Chief (OPS) (BTB), Federal Board of Revenue (HQ), Islamabad. The officer, in pursuance of Board’s Notification No. 0599-IR-I/2016, dated 02.03.2016, assumed the charge of the post of Chief (OPS) (BTB), FBR (HQ), Islamabad, with effect from March 03. Read More »

Saleem Memon assumes charge as of Additional Collector

ISLAMABAD: Muhammad Saleem Memon, a Pakistan Customs Service officer of BS-18, has assumed the charge of the post of Additional Collector, Model Customs Collectorate of Appraisement (West), Customs House, Karachi. The officer, pursuing the Board’s Notification No. 0515-C-I/2016 dated 23.02.2016, relinquished the charge of the post of Additional Director, Directorate of Internal Audit (Customs), Karachi with effect from February 24. Read More »

Mehnaz Bhaur takes charge as Lahore IOCO (North) Addl Director

ISLAMABAD: Mehnaz Bhaur, a Pakistan Customs Service officer of BS-18, has assumed the charge of the post of Additional Director, Directorate of IOCO (North), Lahore. The officer, in pursuance of Board’s Notification No. 0515-C-I/2016 dated 23.02.2016, relinquished the charge of the post of Secretary, Federal Board of Revenue (HQ), Islamabad, with effect from February 25. Read More »

Ali Ijaz assumes charge as Deputy Collector

ISLAMABAD: Ali Ijaz, a Pakistan Customs Service officer of BS-18, has assumed the charge of the post of Deputy Collector, Model Customs Collectorate of Appraisement (East), Karachi. The officer, in pursuance of Board’s Notification No. 0262-C-II/2016 dated 01.02.2016, relinquished the charge of the post of Deputy Collector, Office of the Chief Collector (Enforcement), Karachi with effect from February 26. Read More »

Dy Commissioner-IR Salman exonerated

ISLAMABAD: Salman Ahmad Khan, a BS-18 officer of Inland Revenue Service, presently posted as Deputy Commissioner-IR, RTO, Lahore, has been exonerated from all the charges levelled against him. After disciplinary proceedings under Government Servant (Efficiency & Discipline) Rule, 1973 against the officer, the Member (Admn) being authorised officer has exonerated him from all the charges levelled against him. The authorised ... Read More »

Five Superintendents-IR retire

ISLAMABAD: Five Inland Revenue Service officers (Superintendents) of BS 16-17 are going to retire or have retired from the government service on attaining the age of superannuation. Salim Haider, BS-17 officer posted at Directorate General of Post Clearance Audit, Islamabad, will stand retired from government service with effect from June 04, 2016. Muhammad Allauddin, BS-17 officer posted at Directorate of ... Read More »