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Author Archives: CT Report

Enforcement South collected Rs499b in Jul-Dec with 7.5% growth

  KARACHI: The Customs Enforcement South collected Rs499 billion revenue during the first half (July-December) of the current 2015-16 fiscal year, with 7.5 per cent growth over the Rs464 billion collection it collected during the same period of last year. According to Chief Collector Zahid Khokhar, the growth in tax collection is the result of aggressive anti-smuggling campaign. He said ... Read More »

Samsung revenue rises by 2.85% to 200.34 trillion won in 2015

SEOUL: Samsung Electronics posted 6.1 trillion won (5.1 billion U.S. dollars) in operating profit for the fourth quarter of last year, regulatory filing showed Friday. The fourth-quarter operating profit was down 17.46 percent over the previous quarter but was up 15.31 percent over a year earlier. Revenue was 53 trillion won during the October-December period, up 2.55 percent from three ... Read More »

Foreign car sales in S. Korea surge 24.2% in 2015

SEOUL: Foreign luxury car sales in South Korea posted a double-digit increase last year despite worries that Volkswagen’s emissions scandal may dent demand for imported vehicles, an industry data showed on Thursday. Imported car sales reached 243,900 units in 2015, up 24.2 percent from the previous year, according to the Korea Automobile Importers and Distributors Association (KAIDA). The surge came ... Read More »

German retailers see significant revenue growth in 2015

BERLIN: Thanks to a favorable economic situation, German retailers were expected to see a significant increase of revenues in 2015, said German federal statistics office Destatis on Thursday, suggesting a key role that private consumption played in driving Europe’s biggest economy. The statistics office estimated that retail sales in Germany last year were between 2.8 percent and 3.1 percent larger ... Read More »

Delhi airport Customs gets trained Labradors to fight drug smuggling

NEW DELHI: In addition to the continuing crackdown on gold smugglers, the customs at Delhi’s Indira Gandhi International Airport (IGIA) are also now focussing on smuggling of chemicals used to manufacture party drugs. Since, most of staff is posted at the arrival hall to check smuggling of gold, customs are relying on dogs to nab drugs smugglers. Recently, three Labradors ... Read More »

TCP signs 1m metric ton rice-export contract with Indonesia

  ISLAMABAD: The Trading Corporation of Pakistan (TCP) has secured a one million metric ton of rice export agreement worth $400 million to Indonesia. According to a statement issued by the Commerce Ministry, the TCP signed the agreement with Indonesian government organisation BULOG (State Logistic Agency). The TCP has finalised the first tender of 15,000 metric tons of rice export ... Read More »

KP CM asks SECP to set up PSX branch in Peshawar

  PESHAWAR: Khyber Pakhtunkhwa Chief Minister Pervez Khattak has asked the Securities and Exchange Commission of Pakistan (SECP) to establish a branch of Pakistan Stock Exchange (PSX) in the provincial capital to facilitate the local investors. The CM raised this demand while addressing at an awareness programme regarding PSX at a local hotel. He said that the KP government not ... Read More »

Malaysia Customs to launch Ops Tracks GST 2016, from Jan 17 to Jan 22

PUTRAJAYA: The Royal Malaysian Customs (Customs) will launch Ops Tracks GST 2016, from Jan 17 to Jan 22, to ensure businesses, companies and individuals are registered under the Goods and Services Tax (GST). Customs Director-General Datuk Seri Khazali Ahmad said Ops Tracks 2016 would detect individuals, companies and businesses that qualify to be registered under the GST but have yet ... Read More »

FIA directed to establish ‘database of human traffickers’

  ISLAMABAD: With the aim to tighten noose on the human traffickers, the Interior Ministry has directed the Federal Investigation Agency (FIA) to establish a database within 90 days to keep the complete record of the rogue elements. The database would also be used to carry out operations against corruption, financial irregularities besides human smuggling. The decision was taken in ... Read More »

Nigeria’s Sokoto Customs seizes N119m contrabands in 4 months

ABUJA: The Sokoto Area Command of the Nigeria Customs Service ( NCS), said it had seized contraband worth over N 119 million in the last four months. Mr Muhammad Nmayawo, the Controller of the command, made the disclosure while addressing newsmen in Sokoto on Thursday. Nmayawo said that the seizures were recorded in various unauthorised routes in the three states ... Read More »

Kuwait police nab 2 liquor smugglers

KUWAIT CITY: Securitymen from Ahmadi Security Directorate arrested two smugglers in Mangaf for the possession of 243 bottles of local liquor. While patrolling late at night in the area, the officers got suspicious when they noticed the erratic movement of a Japanesemade vehicle. When the officers signaled for the driver to pull over, he sped off so a hot chase ... Read More »

Algeria loses $2bn a year due to fuel smuggling

ALGIERS: Algeria’s former Minister of Energy and Mines, Youcef Yousfi said earlier that 600,000 cars in Tunisia and Morocco run on Algerian fuel. Yousfi estimated that more than 1.5 billion litres of fuel is smuggled each year. Algerian Cabinet Director Ahmed Ouyahia said yesterday that raising fuel prices may contribute to reducing fuel smuggling to Morocco and Tunisia, which costs ... Read More »

Nigeria suffers loss of N80bn daily due to petroleum products smuggling

ABUJA: Chairman of the Nigeria Shipowners Association, NISA, Capt. Niyi Labinjo,  has said that the country is losing N80 billion daily to petroleum products smuggled into the country. In an exclusive interview with Vanguard, Labinjo explained that half the 1.8 million litres daily national need of Premium Motor Spirit, PMS, is smuggled into the country. The NISA boss noted that ... Read More »

US helps Guyana to crack down on gold smuggling

GEORGETOWN: The U.S. government is helping Guyana crack down on a massive smuggling operation that ships gold to New York, Miami, Europe and other countries in South America, authorities said Thursday. Guyanese Mining Minister Raphael Trotman said the FBI and the U.S. Department of Homeland Security are helping track down the money generated by the smugglers. Guyana estimates that some ... Read More »

Spain’s police bust human smuggling ring

MADRID: Spanish police have broken up a smuggling ring dedicated to bringing Iranians to Spain and then Britain for between 10,000 and 15,000 euros ($10,847-$16,271) per person, the Interior Ministry said in a statement on Thursday. In collaboration with Britain’s Risk and Liaison Overseas network (Ralon), Spanish police arrested six members of the organisation in Madrid and Fuengirola in the ... Read More »

Tobacco smuggling drops in Lebanon by 15%

BEIRUT: Cigarette and tobacco smuggling to Lebanon fell from 40 percent to 25 percent recently thanks to the tough measures adopted by the authorities, the head of tobacco Regie Company said here the other day. “We have managed to crackdown on tobacco smuggling and thus boosted the revenues of the state,” Nassif Seklawi said. The state-owned Regie Company monopolizes the ... Read More »

India excise seizes 222kg dry ganja

NEW DELHI: The Special Task Force team of the Excise Department, Anakapalle, seized 222 kg of dry ganja and arrested four persons in this connection on Wednesday. The arrested were identified as K. Lakshmana Rao, Pangi Laxmana Rao, M. Sreenivas, and G. Bheemesh. The team, led by Inspector K.V. Papinaidu, also seized a van and a motorcycle from the accused. ... Read More »

BSF seize heroin worth Rs 300 million

JALANDHAR:  BSF jawans on Wednesday seized six packets of heroin with an estimated market value of Rs. 30 crore from the India-Pakistan border in the Ferozpur sector. The unidentified smugglers were last evening spotted by the BSF jawans who were on duty at the Mandipur border post in Ferozpur sector. The culprits tried to enter the secured area by using ... Read More »

Curaçao Customs seizes 130kg marijuana

WILLEMSTAD: Customs has earlier this week intercepted 130 kilos of marijuana. The drugs were hidden in a container from Panama. Which appeared to have made quite a journey. The beginning station was Aruba, then the container was shipped to Jamaica, then from Panama City to be shipped to Curaçao. Whether our island was also the end point, is not known. ... Read More »

Thailand Customs to cut 30%  import duties on luxury items

BANGKOK: Thailand’s Customs Department is preparing to make a 30% cut to import duties on luxury items in hopes of boosting tourist spending. The department will be holding a meeting with the private sector in January to sort out the details of the tariff reduction before forwarding the details to Somchai Sujjapongse, finance permanent secretary, for consideration. Kulit Sombatsiri, director ... Read More »