Wednesday , April 8 2020
Breaking News
Home / Author Archives: CT Report (page 3308)

Author Archives: CT Report

Three Addl Commissioners-IR takes charge

ISLAMABAD: Three Inland Revenue Service officers of BS-19 have assumed charge as Additional Commissioners-IR in Lahore, Hyderabad and Rawalpindi. Masood Akhtar assumed the charge of the post of Additional Commissioner-IR, Regional Tax Office, Rawalpindi. Muhammad Shamim assumed the charge of the post of Additional Commissioner-IR, Regional Tax Office, Hyderabad, after relinquishing the charge of the post of Additional Director, Directorate ... Read More »

Thai seafood exports not affected by slavery reports – government

BANGKOK: Thailand said on Monday seafood exports to the United States, Europe and Australia have not been hit by reports of slavery and forced labour by campaign groups and media. The comments come as Thailand, the world’s third-largest seafood exporter, faces increasing pressure to crack down on illegal fishing or face the risk of bans on its fish exports and ... Read More »

Hong Kong ParknShop store fined for overcharging Customs officers HK$24 for nuts

HONG KONG: A ParknShop in Wong Tai Sin was fined HK$4,000 on Friday for overcharging two Customs officers HK$24 for two cans of nuts. The pair were asked to pay HK$29.9 for a can of Koh Kae spicy peanuts at the checkout of the store at Hong Tung House on October 17 two years ago, when in fact the peanuts ... Read More »

Vehicles imports into Ireland up 46% in Nov 2015

DUBLIN: The amount of cars and vehicles imported into Ireland was up by 46% in November 2015 when compared with the same time the year before. €401m worth of motor vehicles were imported here in November. However, the Central Statistics Office said that overall, the number of goods imported and exported was down for the month of November. The value ... Read More »

Carrefour revenue rises by 2.4% to $24bn

PARIS: Carrefour SA, France’s largest retailer, reported fourth-quarter revenue that met analysts’ estimates, boosted by Spain and Italy, achieving a fourth year of annual growth. Revenue rose 2.4 percent on an organic basis to 22.4 billion euros (US$24 billion), Boulogne-Billancourt, France-based Carrefour said yesterday in a statement. Analysts expected 22.6 billion euros, according to the median of estimates compiled by ... Read More »

South Korea’s Iran crude oil imports drop 62.2% year-on-year in Dec

SEOUL: South Korea’s crude oil shipments from Iran slid 62.2 percent in December from a year ago, with imports in full-year 2015 falling 8.0 percent from 2014 in accordance with sanction requirements over Tehran’s nuclear program. The world’s fifth-largest crude importer brought 207,629 tonnes of Iranian crude in December, or 49,094 barrels per day (bpd), compared with 548,598 tonnes a ... Read More »

Asian stocks slump to new lows

SINGAPORE and TOKYO: Asian stocks slumped to three-and-a-half-year lows yesterday as brief gains earlier in the session gave way to renewed pressure on crude oil prices and disappointing Chinese data, ratcheting up investor concerns about the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan declined 0.7 percent to the lowest level since June 2012 and was on track ... Read More »

Taiwan-Canada ink deal to prevent taxation of same income

OTTAWA: Taiwan and Canada have signed an agreement to prevent the taxation of the same income twice in the two nations, the Ministry of Foreign Affairs said yesterday. The signing was completed earlier in the day and is likely to take effect on Jan. 1 next year, after the two sides complete the necessary domestic procedures, the ministry said in ... Read More »

Thailand plans to raise trade with Iran to $5bn

BANGKOK: Thailand hopes to bring its trade transactions with Iran to $5 billion from the current $356 million as the Islamic Republic prepares to receive sanctions relief. “The value of trade and [mutual] investment between Iran and Thailand can increase to $1.2 billion two years into the lifting of the sanctions,” Thai Deputy Minister of Commerce Suvit Maesincee said. “Within ... Read More »

Compal sees 10% growth in shipments: president

TAIPEI: Compal Electronics Inc, the world’s No. 2 contract notebook computer maker, yesterday said it expects its total shipments to grow more than 10 percent year-on-year to 90 million units this year, driven by growing demand for non-notebook products. “The non-notebook segment is definitely going to contribute more than 30 percent revenue this year, compared with last year’s contribution of ... Read More »

India gold import bill increases 12%

NEW DELHI: India’s gold import in December 2015 is estimated to have crossed 100 tonnes following sharp increase in demand for gold during the first and last weeks of the month when prices fell sharply both in domestic and international markets. With 105 tonnes of estimated imports in December, India’s total gross import in 2015 has crossed 900 tonnes, a ... Read More »

African exports to China descend by 40%

CAPE TOWN: African exports to China fell by 40 percent in 2015, China’s customs office reports. China is Africa’s greatest single trading partner and its interest for African products has fuelled the continent’s recent financial development. The decrease in exports mirrors the recent slowdown in China’s economy. This has, thus, put African economies under weight and to some extent represents ... Read More »

Qatar, Pakistan to finalise LNG price soon

DOHA: Pakistan is still in negotiations to finalise a multibillion-dollar liquefied natural gas (LNG) import contract with Qatar and expects to reach a price for the deal by end of this month or the next, its petroleum minister said yesterday. The 15-year deal was struck last year and will be for 1.5 million tonnes a year of LNG. “The price ... Read More »

Fiza Batool takes charge as Lahore Internal Audit-IR Addl Director

ISLAMABAD: Fiza Batool, a BS-19 officer of Inland Revenue Service, has assumed the charge of the post of Additional Director, Directorate of Internal Audit-IR, Lahore. The officer, in pursuance of Board’s Notification No.0057-IR-I/2016, dated 08.01.2016, assumed the charge of the post of Additional Director, Directorate of Internal Audit-IR, Lahore, with effect from January 13. Read More »

Over 90 business deals to be signed at ‘Covertech 2016’

DOHA: Over 90 deals are expected to be signed at the second edition of the upcoming ‘International Exhibition for Wall and Floor Covering Technologies & Materials’, Covertech 2016, which would be about 35 percent higher compared to the deals inked during the first edition of the event. Dr Moyasser Saddiq, Chairman of ‘IBHAR FOR EXHIBITIONS & CONFERENCES’ (IEC), the organiser ... Read More »

South Africa poultry import target set for 15 March

CAPE TOWN: A proclamation from US President Barack Obama said this week that South Africa’s duty-free access to US markets would be suspended unless the country begins to comply with US demands to import certain meat products. Only last week, the two countries came to an agreement that should allow South Africa to begin imports of poultry and other meats, ... Read More »

Customs agents at airport busted for taking bribes

KUWAIT: Residency Affairs detectives arrested two employees at the airport for their involvement in enabling wanted persons and those with travel bans to leave the country in exchange for money. Both confessed to the charges. The arrest was made following information about the suspected activity. A wanted person was sent to them and an agreement was made to help him ... Read More »

Port of Rotterdam crude oil throughput up 8.1% in 2015

AMSTERDAM: The port of Rotterdam said Friday its handling of crude oil cargoes rose 8.1% in 2015, attributing the rise to low prices and high refinery margins. “Low oil prices result in high margins for the refineries, so they have large quantities of oil shipped in for refining,” Port of Rotterdam Authority CEO Allard Castelein said in a statement, adding ... Read More »

Large-scale manufacturing sector grows by 4.73%

  ISLAMABAD: The large-scale manufacturing (LSM) sector of the country has grown by 4.73 per cent in November as compared with the same month of last year. According to latest date of Pakistan Bureau of Statistics (PBS), the average LSM output growth from July through November period remained at 4.43 per cent. The government had estimated LSM growth at 6 ... Read More »

Ample scope for Oman-India joint ventures in plastics, says official

MUSCAT: There is good potential for further cooperation and establishment of joint ventures between India and Oman in the plastics industry, says an Indian official. There are many Indians working at Omani plastics companies as skilled workers and top managers and there is good scope for establishing joint ventures between the two countries, Deepak Lawale, secretary general of the Organisation ... Read More »