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Author Archives: CT Report

Punjab govt plans to promote olive cultivation

SIALKOT: The Punjab government has decided to promote olive crop cultivation in the province to fulfil local requirement of olive oil. Official sources told APP on Sunday that under the plan special attention will be focused on scientific cultivation of olive crop for attaining yielding results. In Punjab, Sialkot, Narowal, Gujrat, Jhelum, Rawalpindi, Islamabad, Attock, Chakwal and Khushab districts are ... Read More »

Anti-encroachment drive: RCB confiscates 11 truckload goods

RAWALPINDI: During its ongoing anti-encroachments operation, the Rawalpindi Cantonment Board (RCB) has confiscated 11 truckload goods from different markets. The anti-encroachment operation on the special instruction of Cantonment Executive Officer (CEO) Dr. Saima Shah was launched on January 22 (Friday) which has further been intensified in RCB areas aimed at providing relief to the citizens visiting the markets. According to ... Read More »

Iran to purchase 114 Airbus planes from France this week

TEHRAN: Iran has announced to sign a contract this week to buy 114 Airbus planes from France during Iranian President Hassan Rouhani’s visit to Paris, Tehran’s transport minister said Sunday. Abbas Akhoundi, quoted by Iranian media, said the deal “will be signed between Iran Air and Airbus” when Rouhani is in Paris on Wednesday on the final day of his ... Read More »

Blue Origin rocket successfully lands back second time

WASHINGTON: The space science has witnessed another historic day when Amazon founder Jeff Bezos’ space firm successfully tested a re-usable rocket for the second time, reported Daily Mail. Blue Origin, the company created by Mr Bezos, successfully launched the New Shepard rocket for the first time in November. And they have repeated the take-off successfully just two months later, with ... Read More »

Scientists find Alzheimer’s ’cause’

LONDON: The scientists have discovered the causes of Alzheimer’s as a poisonous toxin found in freshwater lakes and reservoirs across Britain, which could be the main reason of fuelling the country’s dementia epidemic, Daily Mail reported. Researchers have found the first direct evidence that a chemical, produced by algae, might be linked to a range of devastating neurological conditions including ... Read More »

Govt ‘securing’ funds for 4,500MW Dasu project

ISLAMABAD: The government is in talks with different local and international financial institutions to secure funding for 4,500MW Dasu hydropower project. According to officials, Rs1.44 billion will be taken from local banks while another $800 million from any international bank for execution of the project, Radio Pakistan reported on Saturday. About 4,500 megawatts of electricity will be generated from this ... Read More »

Irrigation Dept allocates Rs3m for desilting of 13 non-perennial canals

MULTAN: The Punjab Irrigation Department has allocated a sum of Rs 3 million for desilting of 13 non-perennial canals of Shujabad canal division. According to the official sources, 13 out of 50 non-perennial canals of Shujabad canal division were selected for the annual desiltation while over Rs three million would be spent on the project. The work on the project ... Read More »

Growers advised to cut cotton sticks before 31st

MULTAN: The growers have been advised to complete cutting of cotton sticks before January 31 to abolish threat of pink-bollworm. According to Punjab Agriculture Department Assistant Director (Information) Naveed Asmat Kohloon, cotton sticks must be cut inside six inches of soil so that plants could not grow in spring. In case, plants reemerged then these plants would bring some pests ... Read More »

Traders want 3% increase in GDP for development

LAHORE: The local traders’ body has asked for three percent increase in the GDP to ensure the survival of the country as the government has so far received over $100 billion in loans and grants which, they said, has compounded miseries of the masses. This was stated by Pakistan Industrial and Traders Associations Front (PIAF) Acting Chairman Tanveer Ahmed Sufi ... Read More »

K-Electric installs ‘anti-theft cables’

KARACHI: In a bid to avoid electricity theft, the K-Electric has installed aerial-bundle cables (anti-theft cables) in Baldia’s Gulshan-e-Mazdoor, the areas which was previously infested with illegal electricity connections. According to a KE press statement, the KE successfully installed 230 poles, 11 PMTs and around 1,800 new digital meters in Gulshan-e-Mazdoor for these residents. “The remaining residents are applying for ... Read More »

$35b out of CPEC project’s $46b allocated for energy sector: Ahsan

LAHORE: More than $35 billion out of the $46 billion of the China-Pakistan Economic Corridor (CPEC) have been allocated for energy sector. This was stated by Federal Minister for Planning, Development and Reforms Prof Ahsan Iqbal, while speaking at a seminar on ‘Different Facets of China-Pak Economic Corridor Project’, jointly organised by Pakistan Institute of National Affairs (PINA) and University ... Read More »

Gwadar residents get clean drinking water

KARACHI: Now the residents of Gwadar city can drink clean water as Pakistan Navy has started supplying water to them in the coastal city. According to a PN statement, the Pakistan Navy dispatched its coastal tanker PNS KALMAT to Gwadar with 385 tons of drinking water to ease out miseries of the city people. Naval Chief Admiral Zakaullah had directed ... Read More »

Railways to generate Rs140m revenue by branding trains, stations

LAHORE: With the aim to generate revenue, Pakistan Railways has signed an agreement with Consultancy Services Limited (PRACS) for branding of trains and railway stations. An agreement was signed between the Pakistan Railways (PR) and Pakistan Railway Advisory and Consultancy Services Limited (PRACS) regarding the branding of trains and railway stations at the PR Headquarters on Saturday. PR Passengers Chief ... Read More »

Govt took over $5b loans in six months

ISLAMABAD: The federal government received more than $5 billion loans from the international lenders during the first six months of current fiscal year. The government took $4.15 billion from the multilateral and bilateral donors and around $1 billion from the International Monetary Fund (IMF) during July-December 2015. The PML-N government is heavily relying on foreign loans since coming into power ... Read More »

Business community urges govt to upgrade of power transmission system

LAHORE: The local business community has urged the government to upgrade of power transmission and distribution system to curb loadshedding. Lahore Chamber of Commerce and Industry (LCCI) President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President Nasir Saeed said that repeated incidents of power failure have revealed weakness of power transmission and distribution system. They said that ... Read More »

Tunisia buys 92,000 tons wheat, 50,000 tons barley

HAMBURG: Tunisia’s state grains agency purchased some 92,000 tons of milling wheat and around 50,000 tons of feed barley all to be sourced from optional origins in a tender which closed on Friday, European traders said. The wheat has been sought for shipment between April 15 and May 25, depending on origin and the barley for between March 25 and ... Read More »

Exports decline by 5.8% in first 11 months of 2015

AMMAN: Exports during the first 11 months of 2015 declined by 5.8 percent standing at JD5.1 billion, according to Department of Statistics (DoS) report. The report said that national exports also stood at JD4.4 billion in the same period. Imports also went down by 11.2 percent in the first 11 months of 2015 compared to the same period of 2014 ... Read More »

Bangladesh cracks down on traders after money laundering report

DHAKA: Bangladesh’s customs intelligence authority said on Thursday it had brought smuggling charges against at least a dozen large trading companies after a report said over $9 billion had been illegally moved abroad in 2013. It has also confiscated from them about 2.0 billion taka ($26 million) and 300 shipping containers with contents valued at over a further one billion ... Read More »

Garment exporters demand changes to new foreign trade policy

NEW DELHI: Only nine months after the new Foreign Trade Policy was introduced, garment exporters are calling for changes in key operational mechanisms in the export process, which they claim hampers ease of doing business. The Apparel Exports Promotion Council (AEPC), the apex body for garments and textiles exporters, has placed their demands with the textile ministry for simplifying authorisation, ... Read More »

Australian ports free from tug strikes

CANBERRA: Australian tug boat workers accepted Friday a revised enterprise agreement from towage firm Svitzer, a union official said, after two rounds of work stoppages in the last week. “Now that the voting results are in, AIMPE will not be taking any further industrial action,” Australian Institute of Marine and Power Engineers federal secretary Martin Byrne said. The union had ... Read More »