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Author Archives: CT Report

Sialkot FIA apprehends 7 human traffickers

SIALKOT: Federal Investigation Agency (FIA) team has nabbed 7 human traffickers from Gujranwala, Sialkot during different raids. Reportedly, FIA deputy director and his team raided at Gujranwala and Sialkot and nabbed 7 human traffickers namely as Waqar Ahmed, Mushtaq, Asif, Majid, Iftikhar, Noor Din and Rasheed. These human traffickers were involved human trafficking since long. They send people on fake ... Read More »

ICCI launches ‘Women Business Growth Centre’ to promote women entrepreneurs

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has launched “Women Business Growth Centre” (WBGC) to focus on promotion of women entrepreneurship which was the first initiative of its kind in the private sector The ICCI in collaboration with United Nations Industrial Development Organization (UNIDO) and Center for International Enterprise (CIPE) organized a ceremony to celebrate the Women International ... Read More »

Qaim to give due consideration to KCCI proposals for Sindh Budget 2016-17

KARACHI: Chief Minister Sindh Syed Qaim Ali Shah, while assuring to give due consideration to Karachi Chamber’s Proposals for Sindh Budget 2016-17, said that Sindh Minister for Finance Syed Murad Ali Shah and Chairman Sindh Revenue Board (SRB) Tashfeen Khalid Niaz will be advised to further discuss these budget proposals with KCCI representatives in another meeting so that these recommendations ... Read More »

Overall TV shipments decline in 2015

WASHINGTON: The abrupt weakening of global demand for TV sets, combined with continued LCD capacity expansion, caused an oversupply in the market in the second half of 2015. This shift to oversupply has resulted in extremely steep LCD TV panel price declines, but it has been difficult to pass the savings along to consumers, as inflation and currency depreciation in ... Read More »

Chile’s inflation rate fall for first time in 3 months in Feb

LONDON: Chile’s inflation rate fell for the first time in three months in February after the economy expanded at the slowest pace in almost six years. Consumer prices rose 4.7 percent from the year earlier, the National Institute of Statistics said Tuesday in a report on its website, compared with 4.8 percent the month before. The median estimate of 19 ... Read More »

Taiwan’s inflation rises for 6th straight month

TAIPEI: Taiwan’s consumer prices rose for the sixth straight month in February from a year earlier, as a sharp jump in food prices outweighed the impact of cheaper fuel. The consumer price index rose 2.4% in February from a year earlier compared with January’s revised increase of 0.8%, the Directorate General of Budget, Accounting and Statistics said Tuesday. Economists polled by ... Read More »

BPPL to get NOC nod to sell petrol

KATHMANDU:  At a time when the situation is gradually normalising along with increased supply from Indian Oil Corporation, Nepal Oil Corporation (NOC) — the state-owned petroleum company — has shown interest to allow privately-owned Birat Petroleum Pvt Ltd (BPPL) to sell petrol through its dealers. This issue has come into light as NOC, in response to the query put forth ... Read More »

Tanzania inflation at 5.6% in year to Feb

LONDON: Tanzanian inflation eased in February as food prices rose more slowly, the statistics office said on Tuesday. The National Bureau of Statistics said inflation fell to 5.6 percent year-on-year last month from 6.5 percent in January. Month on month, the headline inflation rate remained unchanged in February at 0.7 percent. “The decline of the annual inflation rate for February was ... Read More »

Japan’s MOF considers cut inflation linked bond sales

TOKYO: Japan’s Ministry of Finance is considering reducing its issuance of inflation-linked Japanese government bonds in the next fiscal year, a source with knowledge of the matter said, following the collapse in the price of the bonds this year. In a rare revision to the bond sales plan before the new financial year actually begins on April 1, the ministry ... Read More »

Poland unemployment stood at 10.3% in Feb

WARSAW: Unemployment in Poland stood at 10.3 percent in February, the same as in January but 1.6 percentage points lower than in February last year, the Family¸ Labour and Social Policy Ministry said on Tuesday. “The registered unemployment rate in February, as in January, was 10.3 percent. Unemployment in February last year was 1.6 percentage points higher than today, when ... Read More »

Portugal consumer confidence rises in Feb

LISBON: The level of consumer confidence prevailing in Portugal rose in February, extending a rising trend stretching back to early 2013, according to data from the National Institute of Statistics (INE). The consumer confidence index, calculated through citizen surveys, rose to stand at -11.3 points, an improvement on the -12.6 points returned in January with the INE stating this “prolonged ... Read More »

Business Council of Australia releases tax policy

CANBERRA: The rejection of an increase in the GST by all major political parties should not bring a halt to tax reform, according to the Business Council of Australia, which has argued for a phased approach that would begin with personal and corporate income tax cuts and postpone further consideration of lifting the GST for a decade. The BCA’s tax ... Read More »

Finland rents of residential house increase 3% in 2015

HELSINKI: Rents of residential dwellings increased by an average of 3.0 per cent in 2015 from the year before, according to Statistics Finland. Rents of non-subsidised rental dwellings increased as well in the whole country, by an average of 3.6 per cent. The rents of non-subsidised rental dwellings went up by 4.0 per cent in Greater Helsinki and by 3.3 ... Read More »

Ukraine’s Interpipe registers trademark in UAE

KIEV: Ukraine-based steel pipe producer Interpipe has officially registered its trademark with the Ministry of Economy UAE for the first time. The company says it is committed to fighting against the emergence of a counterfeit steel pipe industry in the country. Interpipe has supplied steel to the UAE market for more than 10 years and a leading the region accounts ... Read More »

Vietnam’s cashew exports expected to stay stable

HCM CITY: Cashew nut exports this year are expected to reach last year’s figure or slightly increase, according to the Viet Nam Cashew Association (Vinacas). In the first two months of the year, enterprises exported 37,000 tonnes of cashew nut worth US$278 million, a year-on-year rise of 5.3 per cent in volume and 11 per cent in value. Speaking at a ... Read More »

New Zealand shares rise 0.4%

WELLINGTON: The New Zealand equities market ended higher on Tuesday, with the benchmark NZX-50 index gaining 0.4% to 6446.73. Fonterra Shareholders’ Fund (FSF.NZ), the listed arm of Fonterra Cooperative, rose 0.5% to NZ$5.90 after the dairy cooperative cut its farmgate milk price forecast for the current season to NZ$3.90 per kilogram of milk solids from previous forecasts of NZ$4.15. Michael ... Read More »

Italy’s Atlantia may sell stake in motorway to support foreign growth

ROME: Italian airport and motorway operator Atlantia (ATL.MI) may sell a stake in its Autostrade per l’Italia unit as a way to support growth abroad, Atlantia Chief Executive Giovanni Castellucci said on Monday. To increase its exposure to the global economy, the group wants to expand its aviation business, Castellucci said, adding Atlantia was looking at the privatization of the ... Read More »

Zimbabwe earns $208 mln from tobacco exports

HARARE: Zimbabwe has earned $208 million from 32 million kilogrammes of flue-cured tobacco exported in the past two months, the Tobacco Industry and Marketing Board (TIMB) has said. TIMB statistics show that exports increased by 9 percent from $203 million in the corresponding period last year to $209 million this season. The country exported 29 million kg last year. China ... Read More »

Iran to resume oil exports to pre-sanction level

TEHRAN: Iran has said that it is aiming to restore oil exports to level that existed prior to western sanctions. Iranian President Hassan Rouhani made the comment during a televised address on Sunday. Iran exported more than 2.6 million barrels of crude oil a day in 2011 before the sanctions. The sanctions then cut the country’s exports to around 1 ... Read More »

Jordan’s exports of clothes rise 8.7 % in 2015

AMMAN: The Kingdom’s exports of clothes in 2015 increased by 8.7 per cent, registering JD1.11 billion, compared to JD1.02 billion in 2014, Adel Tawileh, representative of the leather and textile industries at the Jordan Chamber of Industry, said on Monday. He added the US market received 90 per cent of these products, under the free trade agreement signed between Jordan and ... Read More »