Friday , July 10 2020
Breaking News
Home / Author Archives: CT Report (page 3290)

Author Archives: CT Report

Air New Zealand to invest $25 mln improving Queenstown flights

WELLINGTON: Air New Zealand passengers should be facing less disruption flying in and out of Queenstown Airport following a $25 million plan. The national carrier announced on Thursday evening it will fit its 68-seat ATR turboprop fleet with new navigation technology. Known as Required Navigation Performance (RNP AR) technology it enables specially trained pilots to fly to lower altitudes with ... Read More »

Qasim assumes charge as Chief (CSTRO), Sarmad relinquishes as Chief (PAC-IDT)

ISLAMABAD: Qasim Raza Khan, a BS-20 officer of Inland Revenue Service, has assumed the charge of the post of Chief (CSTRO), Federal Board of Revenue (HQ), Islamabad. Qasim, in pursuance of Board’s Notification No.0253-IR-I/2016, dated 29.01.2016, took the charge of the post of Chief (CSTRO), FBR (HQ), Islamabad, with effect from February 03. Meanwhile, Dr Muhammad Sarmad Qureshi, (IRS/BS-20), has ... Read More »

Toronto housing market storms into new year with sales up 8.2%, prices up 11.2%

TORONTO: Housing sales in the Toronto area continued to post strong growth in January, with the number of deals up 8.2 per cent from the same month last year. The Toronto Real Estate Board also says prices were up by 11.2 per cent, as measured by a benchmark price index. The average selling price within the region was $631,092 last ... Read More »

NBG sells stakes in funds to DB, Goldman Sachs

ATHENS: National Bank of Greece said here the other day that it had agreed to sell stakes held directly or indirectly in 11 funds to Deutsche Bank Private Equity and Goldman Sachs Asset Management for 288 million euros. The transaction was expected to be concluded in the first semester of 2016, subject to regulatory approval, the bank said in a ... Read More »

Real estate transaction value touches QR418.8m

DOHA:The combined value of Qatar’s real estate transactions amounted to QR418.8m during the fourth week of January, 8 percent up compared to the previous week. However, the total number of deals declined to 40 against 57 deals closed in the third week. The increase in the transaction value during January 24-28 was triggered by a mega deal worth QR100m, Ezdan ... Read More »

Turkey, EU agree on $300b mutual trade

ANKARA: The mutual trade between the European Union and Turkey may double to $300 billion thanks to coming updates to the Customs Union deal, Turkey’s EU Minister and the chief negotiator with the bloc has said. “We have a Customs Union relation [with the EU],” Minister Volkan Bozkır told journalists on the sidelines of official meetings in Paris on Feb. ... Read More »

2 Bangladeshi expats face gallows for drug smuggling

KUWAIT CITY: Criminal court presided over by Judge Mohammad Al-Duaij sentenced two Bangladeshi expatriates to death for smuggling and peddling drugs. According to the case file, one of the convicts was seized by customs officers at Kuwait International Airport for attempting to leave the customs area without handing over his baggage for security screening. The convict, who was entering the ... Read More »

Second Secretary-IR Shahnaz, Customs SPO Ramzan retire

ISLAMABAD: Two Inland Revenue Service and Pakistan Customs Service are going to retired from the government service on attaining the age of superannuation. Shahnaz Akhtar Kayani, (Ex-Cadre/BS-17) presently posted as Second Secretary (IR-Operations), Federal Board of Revenue (HQ), will stand retired with effect from February 09. Meanwhile, on completion of 30 years qualifying service for pension, the Competent Authority has ... Read More »

Brazil’s grain exports increase in 2015-16

BRASÍLIA: Brazil’s 2015-16 wheat production is estimated at 5.6 million tonnes, down from the previous year due to heavy rains in the south at the beginning of the season, the U.S. Department of Agriculture (USDA) Foreign Agricultural Service (FAS) reported on Jan. 26. The quality of the wheat harvest was negatively impacted by heavy rains in the southern region, which ... Read More »

Shell reports profits plunge on oil price slump

AMSTERDAM: Royal Dutch Shell on Thursday announced an 87-percent plunge in annual net profits on slumping oil prices. The Anglo-Dutch group reported profit after tax of $1.94 billion (1.75 billion euros) for 2015, compared with almost $15 billion the previous year, Shell said in a statement. The slump had been expected after Shell announced two weeks ago that it foresaw ... Read More »

Pakistan removes import trade price on Lankan MDF boards

COLOMBO: The Sri Lanka-Pakistan talks last November has resulted in the removal of import trade price slapped by Pakistan on Medium Density Fiberboard (MDF Board) exported from Sri Lanka. Medium Density Fiberboard (MDF Board) is one of the major exporting products to Pakistan from Sri Lanka. It represents nearly 10% of Sri Lanka’s total exports to Pakistan and Sri Lanka ... Read More »

Major banks start cutting lending rates

JAKARTA: Major lenders have begun to trim their lending rates following the central bank’s decision to cut its benchmark rate last month amid a risk of tightening liquidity in the banking system. With Bank Indonesia (BI) cutting its key rate by 25 basis points (bps) in January, the banks are able to reduce their time deposit rates and in turn ... Read More »

Oman promotes trade, investments in Brazil

MUSCAT: The Sultanate of Oman wants to expand mutual trade and investments with Brazil. The minister of Industry and Trade of the Gulf nation, Ali Al Sunaidy, said this Wednesday (3) in São Paulo that his country plans to develop five sectors that are considered priorities in the next five years and to do so it needs to guarantee the ... Read More »

Germany tax revenue rises by 4.6% in 2015

BERLIN: The German Finance Ministry has announced that total tax revenue, excluding local government taxes, rose by 4.6 percent in 2015, thanks to Germany’s strong economy. The Ministry said on January 29 that rising wages, employment growth, and higher profitability had a positive impact on individual and corporate income tax and value-added tax revenues. Taxes collected in the month of ... Read More »

Spanish economy to boom in 2016 despite government uncertainty

MADRID: Spain is set to outpace the world’s leading advanced economies in 2016, according to the International Monetary Fund (IMF). The agency upgraded its outlook for Spanish GDP, predicting growth of 2.7% in 2016 and 2.3% in 2017. This is despite continued uncertainty surrounding Spain’s political future, with parties so far fragmented and unable to form a government. The vote ... Read More »

Brazilian shoes export revenues fall 10% in 2015

BRASÍLIA: Although overall export revenues for Brazilian shoes fell 10 percent last year, to $960.4 million, sales during the last month of December ended on a high and rocketed 60 percent from November, to $119.57 million, raising the sector’s expectations for this year, according to Heitor Klein, the chief executive of Abicalçados, the Brazilian Association of Footwear Manufacturers. The weak ... Read More »

Japan’s food exports rise 21.8% in 2015

TOKYO: Japan’s food exports rose 21.8 per cent to a record ¥745.2b in 2015. The increasing popularity of Japanese cuisine and its unique fruit in overseas markets has driven a record high of exports for the third year running. Japan’s Ministry of Agriculture, Forestry & Fisheries has released a preliminary report stating that Japan’s food exports rose 21.8 pert cent ... Read More »

Shah Bano assumes charge as Karachi RTO-II Commissioner-IR

ISLAMABAD: Shah Bano GM Khan, a BS-20 officer of Inland Revenue Service, has assumed the charge of the post of Commissioner-IR, (IP/TFD/HRM) Regional Tax Office-II, Karachi. Shah Bano, pursuing the Board’s Notification No.0253-IR-I/2016, dated 29.01.2016, assumed the charge as Commissioner-IR, (IP/TFD/HRM) RTO-II, Karachi, with effect from February 01. Read More »

Dr Shamsul Hadi takes charge as Karachi LTU-II Commissioner

ISLAMABAD: Dr Shamsul Hadi, a BS-20 officer of Inland Revenue Service, has assumed the charge of the post of Commissioner-IR, (Zone-II) Large Taxpayers Unit-II, Karachi. Dr Shamsul Hadi, in pursuance of Board’s Notification No.0173-IR-I/2016, dated 21.01.2016, relinquished the charge of the post of Director, Directorate of Intelligence & Investigation (IR), Karachi, with effect from February 01. Read More »

Sales of imported cars in Korea drop 18.5% in Jan

SEOUL: Sales of imported cars in Korea dropped more than 18 percent in January from a year earlier due to seasonal factors and the end of tax incentives, industry data showed Thursday. According to the data compiled by the Korea Automobile Importers and Distributors Association, a total of 16,234 foreign vehicles were newly registered here last month, down 18.5 percent ... Read More »