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Author Archives: CT Report

220KV Chashma-Bannu transmission line being completed speedily

LAHORE: National Transmission & Dispatch Company Limited (NTDCL) is putting hectic efforts in place to complete installation of 126Km-long 220 KV twin bundle Chashma-Bannu transmission line well before its stipulated time. The NTDCL spokesman told APP here Monday that transmission line would disperse an addition 600MW quantum of electricity from Chashma Nuclear Power Plant. He said, the company had launched ... Read More »

Motorcycle spare parts traders call for cut in import duties

KARACHI:  All Pakistan Motorcycle Spare Parts Importers and Dealers Association (APMSPIDA) has called for cut in duties from 35 percent to 20 percent on import of motorcycle spare parts. The Association, in its proposals for the annual federal budget 2015-16, also urged the government to abolish additional duty on import of motorcycle spare parts falling under chapter8700-0000 respective headings. Chairman ... Read More »

Farmers’ prosperity guarantees country’s development: Siraj 

LAHORE: Jamaat-i-Islami chief Senator Sirajul Haq Saturday said that the development of agriculture and prosperity of the farmers were a guarantee for the country's progress.     Addressing a farmers’ convention organized by the Kisan Board Pakistan(KBP) here, he said that the country's development largely depended onagriculture as almost 70 per cent of the population was directly or indirectly linked to it. ... Read More »

Govt of Punjab working to send workforce to Gulf states   

LAHORE: Punjab Government has evolved a comprehensive strategy for sending skilled and other workforce to Gulf countries especially Qatar and Dubai. The initiative is being taken keeping in view the increased demand of manpower in these countries, Parliamentary Secretary Labour and Human Resource Punjab Mian Naveed Ali said talking to APP here Saturday. He said that labourers community have a ... Read More »

Promoter firm arranges moot to facilitate business with Germany

KARACHI: German Pakistan Trade Investment (GPTI) has arranged a meeting and an interactive session for companies interested to start business or further their business with Germany. This may include export, import, joint ventures or transfer of technical know-how.     The meeting will start on Monday at a hotel. The meeting is aimed at mobilising Pakistan companies to participate in the symposium ... Read More »

All segments of Pakistan should play role to materialize CPEC project: Irfan Siddiqui

LAHORE: Special Assistant to Prime Minister, Irfan Siddiqui said that China-Pakistan Economic Corridor (CPEC) project was not simply a road or railway route, but a vital concept of development for which the nation will have to take its ownership for its smooth materialization and completion. He expressed these views in a ‘Fikri Nashist on Chinese President’s visit to Pakistan’ held ... Read More »

ANF seizes 146 Kg heroin; arrests five in Lahore

LAHORE: Anti-Narcotics Force on Saturday detected a drug supplier gang in Lahore and recovered 146 kg heroin, besides arresting five accused. As per detail, ANF conducted raid at Garhi Shaho area of Lahore and seized a large amount of heroin worth millions of rupees. ANF also arrested five drug peddlers during raid involved in supplying narcotics to different areas of ... Read More »

Carpet manufacturers to meet Commerce minister to discuss upcoming carpet exhibition

International Handmade Carpet Exhibition on October 6 LAHORE: Pakistan Carpet Manufacturers and Exporters Association (PCMEA) would meet Federal Commerce Minister Engineer Khurram Dastgir on May 4 to discuss the matters pertaining to three-day long 33rd Pakistan International Handmade Carpet Exhibition. PCMEA in collaboration with Trade Development Authority of Pakistan (TDAP) will organise Carpet Exhibition here on October 6, 2015. PCMEA ... Read More »

Govt not changing CPEC route, Ahsan Iqbal assures

ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal said that government has not changed a single inch of the originally proposed route for China Pakistan Economic Corridor (CPEC) and termed such allegations baseless. Addressing the convocation of the Rawalpindi Medical College in the garrison city, the minister urged the political parties and politicians accusing government of altering the route, ... Read More »

Dar to attend ADB’s Board of Governors meeting in Baku 

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar arrived in Baku, Azerbaijan to participate in the 48th annual meeting of Asian Development Bank (ADB) Board of Governors. He would also attend other important meetings during his stay at Baku from 2-5 May, 2015, says a statement received here Saturday. The ADB Board of Governors meeting would open on May 4 with ... Read More »

Govt. utilizing all resources to facilitate people: CM Shahbaz  

FAISALABAD: Punjab Chief Minister Shahbaz Sharif has said that the Punjab government was utilizing all available resources to facilitate the people of the province. Addressing a ceremony during a visit and inspection of Gattwala Canal Express Way here on Saturday, he said that number of uplift projects have been initiated across the province to bring development and prosperity. He said ... Read More »

Mobile phone import rises 13.06 percent to S539.58 million in 9 months

ISLAMABAD: The mobile phone imports into the country increased by 13.06 percent to US $539.583 million during first nine months of current fiscal year 2014-15 over the same period of last year’s imports of $477.255 million. On month on month and year on year basis, the mobile phone import in March increased by 1.05 percent as compared to the imports of ... Read More »

Dar urges FBR to meet revenue target for fiscal year 2014-15

ISLAMABAD: Finance Minister, Senator Muhammad Ishaq Dar Friday directed Federal Board of Revenue (FBR) authorities to make all possible efforts to achieve the revenue target for fiscal year 2014-15. Finance Minister stated this while presiding over a meeting with FBR officials to seek an update on the state of revenue collection. The minister also chaired a separate meeting here to review ... Read More »

Foreign reserves reach $17,717m, SBP’s up by 1.6% to $12,565m

KARACHI: The total liquid foreign reserves of the country have reached $17,717.6 million on the week ended on April 24, while net reserves held by banks amounted to $5,152.5 million. According to data released by the central bank, the State Bank of Pakistan’s (SBP) reserves increased 1.6% or $201 million to $12,565 million as compared to $12,364 million in the ... Read More »

WB working on scoping study    

LAHORE: The World Bank is working on a scoping study for designing a sustained public-private partnership based model for the education sector that could best serve according to the socio-economic and cultural needs of the society. In this regard, a focus-group discussion was held at a local hotel on Friday with Managing Director, Punjab Education Foundation (PEF) Dr. Aneela Salman ... Read More »

CM Balochistan assures investors of security  

QUETTA: Balochistan Chief Minister, Dr. Abdul Malik Baloch said that Balochistan is suitable place for investment in different sectors, adding that his government was ready to provide foolproof security to investors. He was addressing at Balochistan Investment Conference which was attended by over 26 local and foreign investors groups, banks and companies, here on Friday. The conference was jointly organized ... Read More »

Pak-Jordan ministerial commission meets after 9 years, agrees to enhance economic relation

ISLAMABAD: Commerce Minister Khurram Dastgir Khan led an official delegation to the Hashemite Kingdom of Jordan for the 9th Pakistan-Jordan Joint Ministerial Commission (JMC), held in Amman. Maha Ali, minister for Industry, Trade and Supply led the Jordanian delegation. This was the first JMC to be held since 2006. Both sides agreed to enhance their economic and trade relations to ... Read More »

ANP condemns change in CPEC route, calls APC

QUETTA: Awami National Party (ANP) has called All-Party Conference on May 16 to discuss the issue of Pakistan Economic Corridor (CPEC) and its proposed route. ANP and other Baloch nationalist parties claim that Balochistan and Khyber Pakhtunkhwa have been ignored in the 3,000 kilometres long Gwadar-Kashghar route of CPEC. “We have approached and invited all political parties to the all ... Read More »

Govt. establishes centers to address complaints for wheat purchase

MULTAN: Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan Friday said that special complaint centers had been established in the wheat growing areas to address the issues of the people pertaining to the “Wheat Purchasing Campaign.” “Even last grain of wheat will be purchased from farmers,” the minister said while addressing a “Fruit fly Control Conference” ... Read More »

Poor planning, price uncertainty slow economic revival linked to gas imports

ISLAMABAD: The government plans to establish new gas import terminals and pipelines to boost an economic revival linked to $46 billion in Chinese deals but its ambitions are being undermined by poor planning, price uncertainty and security concerns, industry experts said. The government wants to increase imports to fuel industry expansion and reduce daily blackouts. It also aims to boost ... Read More »