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Hong Kong export prices fall 1-3% in 2016

HONG KONG: The Hong Kong Exporters’ Association is anticipating pricing pressures for local exporters this year amid an uncertain global economic environment. The association’s vice-chairman Benson Pau believes that export prices will be cut by 1 to 3 percent compared to previous levels, the Hong Kong Economic Journal reported Tuesday. Although the renminbi’s slide has helped lower the wage and ... Read More »

Agri production cost being reduced to enhance farmers’ profit: Bosan

MULTAN: The government is trying to decrease production cost on agriculture farming with the aim to enhance profit of the growers. This was stated by Federal Minister for National Food Security and Research Haji Sikandar Hayat Bosan, while speaking at a seminar on “pink bollworm management” at the Central Cotton Research Institute (CCRI) Multan. He said that the government reduced ... Read More »

Indonesia needs to maintain momentum in fishery exports

JAKARTA: Indonesia needs to maintain the momentum in fishery exports as its strict measures against illegal fishing contributed to an increase in exports last year, a researcher said on Monday. Center for Policy Analysis fishery researcher Suhana said the moratorium on permits issued to foreign fishing vessels in 2014 and 2015 had contributed to an increase in tuna exports to ... Read More »

Shaukat Ali takes charge as Member (Legal)

ISLAMABAD: Shaukat Ali, a BS-21 officer of Pakistan Customs Service, has assumed the charge of the post of Member (Legal), FBR (HQ). The officer, in pursuance of Board’s Notification No. 0031-C-I/2016 dated 06.01.2016, relinquished the charge of the post of Director General, IOCO, Karachi with effect from January 08. Read More »

NA’s finance body to approve amnesty scheme for traders

ISLAMABAD: Despite huge protest and walk-out threats, the National Assembly’s standing committee on finance has decided to approve the bill of amnesty scheme for traders with aim to enhance revenue collection. Yesterday, the Opposition parties tried to block ‘The Income Tax (Amendment) Bill, 2016’, as what they say the government trying to pass the bill in haste. The major parties, ... Read More »

Iran exports over 1 bln liters of gas oil

TEHRAN: Iran has exported more than a billion liters of gas oil in the first nine months of the current Persian calendar year (started March 21) after achieving self-sufficiency in production of the fuel. Iran previously had to import large quantities of gas oil for daily domestic consumption especially as power plants fuel, but after an increase in the production ... Read More »

S. Africa may need $1.2 bln to import corn

CAPE TOWN: South Africa, the continent’s largest producer of corn, may have to pay as much as $1.2 billion for imports of the grain this season as an El Nino-induced drought damages crops in the nation’s main producing areas. It would cost 17 billion rand ($1 billion) to 20 billion rand to import 5 million tons of corn, Wandile Sihlobo, ... Read More »

Colombian thermal coal exports increase 7.6% in 2015

BOGOTÁ: Colombian thermal coal exports in 2015 increased 7.6% year on year to 80.644 million mt, according to data from Colombian shipping agent Deep Blue. The main destinations for Colombian coal during the year were the Netherlands at 17.495 million mt, rising 11% year on year, Turkey (11.561 million mt, up 24%), the US (6.356 million mt, up 17% and ... Read More »

Malaysia expects exports to Japan to rise

KUALA LUMPUR: As Malaysia progresses through 2016, the country is looking forward for exports to Japan to pick up. Minister in the Prime Minister’s Department, Datuk Seri Abdul Wahid Omar, said as the country moved further down the stream into various petrochemical products, there would be more products exported to Japan. “Especially once the Rapid (Refinery and Petrochemical Integrated Development) project ... Read More »

New Zealand sheep meat export rises in Nov 2015

WELLINGTON: Sheepmeat exports from New Zealand for November 2015 have reached their highest level in 15 years. Sheep meat exports from New Zealand in November 2015 were up by nearly a quarter on the previous year at 27,400t, according to the UK’s Agriculture and Horticulture Development Board (AHDB Beef & Lamb). This high level of exports has been driven by ... Read More »

Tunisia raises Maltese orange exports to France in 2016

TUNISIA: Exports of Maltese oranges to the French market will start on the 11th January 2016, and are expected to increase from 23,200 tons last season, to 25,000 tons. Samir Ben Slimane, Commercial Director of the GIF says that France will take in 90% of Tunisia’s Maltese oranges. Despite the 12% decrease in national Maltese orange production (111,500 tons compared ... Read More »

Dr Bashirullah takes helm as Chief (HRM)

ISLAMABAD: Dr Bashirullah Khan, a BS-20 officer of Inland Revenue Service, has assumed the charge of the post of Chief (HRM), Federal Board of Revenue (HQ). Dr Bashirullah, pursuing the Board’s Notification No.0055-IR-I/2016, dated 08.01.2016, relinquished the charge of the post of Director, Directorate General of Intelligence & Investigation (IR-HQ), Islamabad, with effect from January 11. Read More »

Anwar Zeb assumes charge as Second Secretary-IR

ISLAMABAD: Anwar Zeb, a BS-18 officer of Inland Revenue Service, has assumed the charge of the post of Second Secretary, FBR (HQ). The officer, in pursuance of Board’s Notification No.0056-IR-I/2016 dated 08-01-2016, relinquished the charge of the post of Deputy Commissioner-IR, RTO, Rawalpindi on January 11, 2016. Read More »

Philippine Nov exports fall 1.1% YOY

MANILA: Electronics and semiconductors, the top category in shipments accounting for 54.2 percent of total exports for the month, rose 9.3 percent from a year earlier, the statistics agency said. Other key export sectors in November were woodcrafts and furniture which dropped 9.5 percent from a year ago; machinery and transport equipment that fell 54.1 percent; and other manufactures that ... Read More »

Tiwana says Pakistan seals LNG deal with Qatar

ISLAMABAD: Parliamentary Secretary for Petroleum and Natural Resources Shahzadi Umarzadi Tiwana has said that Pakistan has finalised a deal with Qatar for the import of LNG. Tiwana revealed this during the National Assembly’s Question-Hour. He said that Pakistan has finalised an LNG sale and purchase agreement with Qatar and it has been submitted to the Economic Coordination Committee (ECC). He ... Read More »

Gazprom declares Russian gas exports to Europe increase 8% in 2015

MOSCOW: Russia’s top natural gas producer Gazprom said on Monday that its pipeline gas exports to Europe rose by 8 percent last year, thanks to falling gas production in the European Union. Russia remains the largest gas supplier to the European Union, accounting for around a third of its gas needs, despite political tensions over the conflict in Ukraine. Exports by ... Read More »

Honda officially launches HR-V in Pakistan

LAHORE: Honda Atlas Cars Limited has officially launched its new model of CBU SUV, The HR-V, in Pakistan. The event unveiled the all new HR-V to a large number of media personnel. The event was attended by Toichi Ishiyama, President & CEO Honda Atlas Cars (Pakistan) Limited, along with the company management. With a touch of class, elegance and sporty ... Read More »

Kenya Revenue Authority directed to react in imports suit

NAIROBI: The taxman has been ordered to respond swiftly to a suit challenging a new directive requiring importers to acquire a certificate of conformity before goods are offloaded. Justice Isaac Lenaola said he needs Kenya Revenue Authority’s response before issuing any orders on January 18. The case was filed by activist Okiya Omtatah, who accuses KRA of imposing the new rule ... Read More »

Broadband usage up by 12% to 24.48m subscribers in 2015

ISLAMABAD: The broadband usage in the country grown by 12 per cent to 24.78 million subscribers till the end of November 2015 from mere 2.07pc in 2014. Out of total broadband subscribers, 21.68m users were on 3G/4G technology while remaining 1.5 million broadband users were on DSL and another 1.3m on EvDO. This huge uptake in broadband is result of ... Read More »

UK wheat exports fall in Nov

LONDON: UK wheat exports slowed in November but still outstripped imports for the second consecutive month, customs data showed on Monday. Britain exported 137,389 tonnes of wheat in November, down from 195,324 tonnes the previous month. Wheat imports in November fell to 82,404 tonnes, the lowest monthly total so far this season. Cumulative wheat exports for the 2015/16 season (July/June) climbed to ... Read More »