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Author Archives: CT Report

FBR collects Rs785b in Q2 against Rs750b target

ISLAMABAD: Federal Board of Revenue (FBR) collected around Rs785 billion against the target of Rs750 billion fixed for the second quarter (October to December) of current fiscal year 2015-16. The target for the second quarter has therefore been surpassed by around 35 billion. The revenue collection trend during the quarter Oct-Dec, 2015 augurs well for the efforts of FBR towards ... Read More »

CDA’s anti-encroachment drive in full swing

ISLAMABAD: The anti-encroachment drive in the federal city, launched by the Capital Development Authority (CDA) is in full swing. The operation is being executed by Enforcement Directorate, Directorate of Municipal Administration and Building Control Section of the CDA. CDA Chairman Maroof Afzal has directed the concerned formations of the Authority to continue the operation against the illegal structures and encroachments ... Read More »

Pakistan self-sufficient in developing quality defence products

ISLAMABAD: Pakistan is self-sufficient in developing quality defence products and meeting requirements of its Armed Forces indigenously. This was revealed by Senate Standing Committee on Defence Production Chairman Lt General (R) Abdul Qayyum while speaking at the APP Forum. “Pakistan’s defence production quality is second to none in the world, which is evident from the fact that two AWACS aircraft ... Read More »

Pakistan Railways removing technical hitches from online tracking

ISLAMABAD: Pakistan Railways is removing technical hitches from the software for smooth implementation of a project, launched for computerised tracking of the locomotives. Besides installation of tracking devices on locomotives, matching equipment is being installed in central control office at Lahore and seven operational divisions at Karachi, Sukkur, Multan, Lahore, Rawalpindi, Peshawar and Quetta, an official in the Ministry of ... Read More »

Pakistan adopts 16 targets, 41 indicators against 8 goals, 34 indicators of MDGs

ISLAMABAD: Pakistan, as part of endeavours to achieve Millennium Development Goals (MDGs), has introduced environmental monitoring system through stationary and mobile labs to monitor pollution levels in air, surface, ground water and soils. Promoting environment friendly technologies with special focus on clean energy and studying of general public concerning environmental issues to suggest rectification and mitigation were amongst the numerous ... Read More »

Petroleum ministry claims 65 oil, gas discoveries in current tenure

ISLAMABAD: The Ministry of Petroleum and Natural Resources has claimed 65 new oil and gas discoveries from record 227 wells drillings during current tenure of the government. Official sources in the ministry told APP, with new discoveries, over one trillion cubic feet (TCF) of gas and 16 million of barrels of new oil reserves had been added to the system. ... Read More »

Govt regulating LPG prices to give masses relief

ISLAMABAD: With the aim to give masses relief, the federal government is striving to regulate prices of liquefied petroleum gas (LPG), said LPG Distributor Association Chairman Irfan Khokar. Talking to APP, he said, “A summary spelling out an approach to offset shocks in LPG market and maintain the commodity’s price at affordable range for the consumers throughout the year is ... Read More »

Railways Ministry takes action against 199 employees, 146 punished

ISLAMABAD: With the aim to improve performance of the national fleet, the Railways Ministry has taken disciplinary action against 199 employees out of which 146 workers have been punished. “A total of 199 employees were taken up under the Efficiency and Disciplinary rules, out of which 146 cases have been decided and punishments were awarded while remaining 53 inquiries are ... Read More »

Ginneries receive 9.2m cotton bales

MULTAN: The ginneries in Pakistan have received as many as 9.2 million seed cotton (phutti) bales, which are 33 percent less than the bales of the same period of last year. A total of 9,279,105 cotton bales reached ginneries till January 1, 2016 which is less than 33.52 percent compare to last year, said a fortnightly report issued by Pakistan ... Read More »

Sialkot, Sahiwal to be included in Big City Project

SIALKOT: The Punjab government has announced Sialkot and Sahiwal as big cities, which will be included in over Rs120 billion worth of Big City Project. Official sources told APP on Sunday, the internationally recognised agencies are finalising their study on city development and planning of Sialkot and hopefully the study will be completed shortly. Under the big city project all ... Read More »

Rs2b worth Khidmat Card Programme lauded

LAHORE: Provincial Minister for Labour and Manpower Raja Ashfaq Sarwar has termed the Punjab government’s Rs2 billion worth of “Khidmat Card Programme” for special persons a revolutionary step. Addressing a special awareness seminar on “Punjab Khidmat Card Programme” held in auditorium of Rawalpindi Arts Council, he said that under this programme financial assistance would be provided to disabled persons with ... Read More »

Belgian N-reactor closed three days after restarting

BRUSSELS: An old Belgian nuclear reactor has shut down, just three days after it was restarted, the power utility that operates it said. The Doel 1 reactor in northern Belgium was restarted on December 30, after originally being shut down in February in line with a law that called for the country’s gradual exit from nuclear power. “Doel 1 automatically ... Read More »

FIA arrests Facebook hacker

LAHORE: The Federal Investigation Agency’s (FIA) Cyber Crime Wing, acting on a rare carse, has arrested a man for hacking into Facebook accounts. According to FIA Assistant Director Asif Iqbal, the accused, namely Muhammad Naeem, also reportedly blackmailed the victims with their photos and personal data after hacking into their Facebook accounts. In November, the cyber crime circle of the ... Read More »

Traders’ leaders say govt announced tax scheme to protect corrupts

LAHORE: Opposing the newly-announced tax amnesty scheme, the traders’ representatives said that the scheme has been announced to provide a chance to cover up corruption to a particular group before the Rangers start a Karachi-like operation in Punjab. Addressing to a press conference at Urdu Bazaar, Anjuman-e-Tajiran Pakistan leaders Khalid Pervaiz and Abdul Razaq Babbar said that the amnesty scheme ... Read More »

Ahsan asks engineers to defend authenticity of ongoing projects

LAHORE: Federal Minister for Planning Development and Reform Ahsan Iqbal, defending the ongoing projects initiated by the PML-N government, has asked the Pakistani engineers who know the technical authenticity of development projects such as dams and other infrastructure to come forward highlights features of these projects to end false political obstructionism. He said this while speaking at University of Engineering ... Read More »

Tax amnesty scheme is against Constitution: Siraj

LAHORE: Jamaat-e-Islami Ameer Senator Sirajul Haq has termed the tax amnesty scheme is against the Constitution and a blatant violation of Article 4, Section 25. In his comments on prime minister’s announcement of tax amnesty, Sirajul Haq said that PML-N leadership in its election campaign had vowed to recover the plundered public money from the bellies of the corrupt but ... Read More »

Punjab govt signs MoU with Turkey for construction of 50,000 low-income housing

LAHORE: The Punjab government has signed an MoU with Turkey for the construction of 50,000 low-cost houses in the province. According to the agreement, signed between the Punjab government and a renowned Turkish housing sector institution, the Housing Development Administration Turkey (TOKI) will provide technical assistance to the provincial government for construction of 25,000 houses in 2016 and another 25,000 ... Read More »

Pesco decreases financial deficit by 52%

PESHAWAR: The Peshawar Electric Supply Company (Pesco) has announced to reduce its financial deficit by 52 per cent and showed determination to overcome line losses and improve recovery. This was claimed by Pesco officials while speaking at the 103rd meeting of the utility’s Board of Directors at Hattar Industrial Estate, presided over by BoD Chairman Malik Mohammad Asad Khan. Speaking ... Read More »

Nobody will be allowed to make CPEC controversial: Minister

ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) is the most crucial project for Pakistan’s economic stability and national security and it should not be made controversial like Kalabagh Dam. This was stated by Minister for Inter-Provincial Coordination Riaz Hussain Pirzada while talking to the state-owned news agency. “CPEC is a game changer not only for Pakistan for the entire region and ... Read More »

ICCI hails 4 years tax amnesty scheme for traders

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has welcomed the four-year tax amnesty scheme announced by the Prime Minister Nawaz Sharif for traders and termed it a good move as it would help in broadening the tax net and improving the tax revenue of the country. ICCI President Atif Ikram Sheikh, Senior Vice President Sheikh Pervez Ahmed and ... Read More »