Friday , October 2 2020
Breaking News
Home / Author Archives: CT Report (page 3267)

Author Archives: CT Report

US Customs nabs 2 previously removed men in transit to Connecticut, New York

SAN JUAN: U.S. Customs and Border Protection (CBP) Field Operations officers arrested 2 previously deported men this week, as they attempted to board separate flights to Hartford and New York City. Ramon Antonio Riveras Batista, a citizen of the Dominican Republic, appeared yesterday afternoon before Magistrate Judge Silvia Carreño-Coll, to face charges for re-entering after a previous removal for a ... Read More »

Use of Bitcoins by drug smugglers in Russia increases 20 times

MOSCOW: Despite the fact that now there is little evidence that Bitcoins are used in terrorism and drug trafficking, their turnover in five years will be “catastrophic,” Buyanov said. “Over the past two years, drug smugglers in Russia used Bitcoins 20 times more,” FDCS Operational Search Department deputy head Dmitry Buyanov said. Bitcoin, a popular virtual web-based currency introduced in ... Read More »

Belarussian banks see increased interest from Russian depositors

MOSCOW: Russians have shown increased interest in opening dollar and euro accounts in Belarusian banks due to higher interest rates and local insurance conditions, the Kommersant newspaper reported Thursday, citing Belarusian subsidiaries of Russian banks. Belgazprombank, a Belarussian subsidiary of Russia’s third-largest lender Gazprombank, has registered a 30 percent increase in the value of deposits made by Russian clients, Kommersant ... Read More »

Cost-conscious Russian bakers turn to low-quality wheat

MOSCOW: Russia’s economic troubles have led bread manufacturers to use low-quality wheat, originally intended only as cattle fodder, to bake bread, the head of the country’s grain trade union was quoted by the Interfax news agency as saying here the other day. The low-quality fodder wheat, also known in Russia as “fifth-rate” wheat, is mixed with slightly higher-quality fourth-rate wheat ... Read More »

Tax refunds up to Rs 5m of exporters to start from next month: Khurram

LAHORE: Minister for Commerce Khurram Dastagir Khan said that the government would start refund up to Rs 5 million to exporters from next month. He said, refunds issue of exporters would be resolved very soon and the textile ministry would pay Rs 2.5 billion to exporters according to textile policy. Khurram Dastagir said through active diplomacy, the government was trying ... Read More »

10 hotels, 1 restaurant sealed for sales tax evasion

LAHORE: The Punjab Revenue Authority has sealed 10 hotels and a restaurant in Faisalabad for not getting registered with the Authority and non-payment of sales tax. Deputy Commissioner Punjab Revenue Authority Asif Nadeem alongwith police force paid a surprise visit to different hotels and restaurants in the city and sealed Zam Zam hotel, Al-Falah hotel, Punjab hotel, Sangam hotel, King ... Read More »

FTO’s annual report to be accomplished soon

ISLAMABAD: The Federal Tax Ombudsman secretariat was about to accomplish the task of preparing FTO’s 16th performance report for the year of 2015, said FTO officials. According to FTO officials, experts from FTO secretariat in Islamabad and regional offices, particularly from Lahore, were taking part in completion of report preparation. Lahore office had delivered the refined information to the Islamabad ... Read More »

Federal Service Tribunal postpones hearing of three cases

ISLAMABAD: A division bench of Federal Service Tribunal (FST) adjourned hearing of three cases after hearing arguments from counsel of Federal Board of Revenue (FBR) and the appellants. FST Division Bench comprising of Members, Syed Rafique Hussain Shah and Syed Muhammad Hamid heard the arguments before deciding to date cases in office. Tribunal’s office now would schedule the further date ... Read More »

IHC adjourns hearing of two tax references till March 17

ISLAMABAD: Islamabad High Court on Thursday adjourned hearing of two cases challenging decisions of Customs Appellate Tribunal and Appellate Tribunal Inland Revenue (ATIR). Justice Noor ul Haq N Qureshi and Justice Athar Minallah heard a tax reference filed against LTU officers and ATIR. The bench adjourned hearing of the case till third week of March. M/s Capgas Private had filed ... Read More »

Afghanistan to give WeBOC user ID to non-commercial importers

PESHAWAR: Afghan government has been agreed to give WeBOC user ID to non-commercial importers through Afghan ministry of commerce and industry. Sources informed Customs Today that Pakistan has given list of non-commercial importers to Afghan government while the afghan government has requested to restore the import of goods which are not being smuggled back to Pakistan. This decision has been ... Read More »

IG police assures to improve security measures for businessmen‏

ISLAMABAD: A delegation of Islamabad Chamber of Commerce and Industry led by its President Atif Ikram Sheikh called on Muhammad Khalid Khattak, Inspector General of Police, ICT and apprised him of the security related issues of the business community. Addressing the delegation, Muhammad Khalid Khattak, IGP ICT said that businessmen were playing an important role in the development of economy ... Read More »

SCCI lauds govt for establishing ‘Common Effluent Treatment Plant’

SIALKOT: The Sialkot Chamber of Commerce and Industry (SCCI) has hailed the federal government for approving a grant of Rs 400 million from Export Development Fund (EDF) for the installation of Common Effluent Treatment Plant in Sialkot Tanner Zone. SCCI President Mansur Ahmed termed it a very positive step by the government, saying this grant would help the Sialkot exporters ... Read More »

Government to form policy to control medicine prices: DAG

ISLAMABAD: Deputy Attorney General (DAG) Sajid Ilyas Bhatti informed the Supreme Court that the Ministry of Health and Drug Control Authority (DRA) was working to form a policy to control the quality and price of medicines. The two-member bench of the apex court comprising Chief Justice Anwar Zaheer Jamali and Justice Khilji Arif Hussain heard the suo-moto case. During the ... Read More »

OGRA allows private company to import LNG

ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) issued a licence to a private company to procure and sell LNG to the consumers including CNG stations throughout the country. Earlier, only the government-owned entities, SSGC and SNGPL, were allowed to sell gas to the consumers, but this is for the first time that a private company, Universal Gas Distribution Company (UGDC), ... Read More »

ECB’S favored inflation gauge hits record low below 1.4%

LONDON: Euro zone long-term inflation expectations fell to record lows on Thursday, fuelling bets on more monetary policy easing by the ECB and pegging core euro zone government bond yields near 10-month lows. Sliding oil prices have helped drive inflation expectations lower and analysts say the fact they remain depressed even though oil prices show signs of recovering is a ... Read More »

Food, beverages, agro-sector exports to UAE increase to 27%: TDAP

ISLAMABAD: The Food, Beverages and Agro-sector exports to Emirates has touched approximately US$ half a billion mark and there was a 27 percent jump in food exports to UAE in two- year. This was stated by S. M. Munir, Chief Executive of Trade Development Authority of Pakistan (TDAP) while inaugurating Pakistan Pavilion in Gulfood 2016 Exhibition the otherday, says a ... Read More »

Salvaged Portuguese bank posts $1 bln loss

LISBON: A Portuguese bank salvaged from the collapse of a major lender has reported losses of 981 million euros ($1 billion) in 2015, casting a cloud over the government’s attempts to sell it. Novo Banco, a so-called good bank that emerged from the surprise 2014 bankruptcy of Banco Espirito Santo, said Wednesday legacy debts soured its performance. The bank last ... Read More »

Poland, India to sign pact on cooperation in coal mining in next 2 months

WARSAW: The Polish government is hopeful of signing a pact with India for cooperation in coal mining and related fields to achieve a common goal in the next two months. Polish deputy minister of economic development Radoslaw Domagalski-Labedzki on Thursday said the subject was discussed in a meeting with India’s coal secretary Anil Swarup. Speaking on the sidelines of an ... Read More »

South Africa’s producer inflation rises to 7.6% in Jan

JOHANNESBURG: South Africa’s producer inflation accelerated to 7.6 percent year-on-year in January from 4.8 percent in December, the statistics agency said on Thursday. On a month-on-month basis, prices at the factory gate were up 1.6 percent, compared with a 0.2 percent rise the previous month, Statistics South Africa said. The market consensus for January PPI was 6.25 percent. Read More »

Bank Muscat plans to open branch in Tehran

MUSCAT: Bank Muscat, the Sultanate’s biggest financial institution, plans to open a branch in Tehran, said a senior official of Central Bank of Iran here on Wednesday. This is expected to be the first international bank branch which is going to be opened in Tehran, after the recent lifting of economic sanctions on the country. The strong bilateral economic relation between ... Read More »