Friday , December 6 2019
Breaking News
Home / Author Archives: CT Report (page 3453)

Author Archives: CT Report

Govt creates investment friendly environment in oil, gas sector

ISLAMABAD: The present government has taken various measures to create an investment-friendly environment in oil and gas sector. “Attractive terms and conditions for investors are, therefore, being offered by the government to accelerate the exploration and development of oil and gas,” said an official of Ministry of Petroleum and Natural Resources. He said that the country has a large sedimentary ... Read More »

KPT shipping intelligence report

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Tuesday. ALONG SIDE (Bulk Oil Pier): Berth No Ship Working Agent Berthing Date OP-I New York Star D. Petrol PNSC 24/05/15 OP-II Shalamar D. Crude Oil PNSC 26/05/15 OP-III Lucto L. Naptha Alpine 25/05/15 ALONG SIDE (East Wharves): 1 Gleneden ... Read More »

Not a single penny written-off by NBP for last ten years: Ashraf

ISLAMABAD: President of National Bank of Pakistan Syed Iqbal Ashraf on Tuesday said that NBP did not write-off even a single penny during the last ten years. “The ratio of Non Performing Loans (NFL)s of NBP is 16.3 percent as compared to 12.4 percent of the other banks ratio because they wrote-off the loans”, he said while talking to reporters ... Read More »

CPEC has importance for Balochistan’s development: President

Federal govt to continue assistance for Balochistan development: President ISLAMABAD: President Mamnoon Hussain on Tuesday said that the federal government would continue to assist Balochistan in its development and progress. He said that mega development projects particularly China-Pakistan Economic Corridor would play a significant role in the development of Balochistan and bring it at par with other provinces. The President ... Read More »

Dar reviews proposals of Ministry of Food Security

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar here on Tuesday chaired a meeting regarding budget proposals of the Ministry of National Food Security with regard to the budget 2015-16. Dar was briefed in detail by Secretary National Food Security, Seerat Asghar about the areas which needed due focus of the government. He said the proposals put forth by the Ministry ... Read More »

Pakistani traders should start joint ventures with Qatari businessmen: Qatar’s envoy

LAHORE: Ambassador of Qatar Saqr Bin Mubarak Al-Mansouri has said that Pakistani businessmen should initiate joint ventures with Qatari counterparts as abundant investment and business opportunities are available in various sectors, including infrastructure, tourism, pharmaceutical and healthcare. While talking to LCCI Vice President Syed Mahmood Ghaznavi, the ambassador of Qatar said that his country was in dire need of skilled ... Read More »

UBL Funds launch Al-Ameen Islamic Active Allocation Plan –I

LAHORE: The United Bank has launched Al-Ameen Islamic Active Allocation Plan –I under Al-Ameen Islamic Financial Planning Fund. The plan is now open for subscription. The Al-Ameen Islamic Active Allocation Plan –I offers a unique plan for investors that wish to benefit from the equity market and want an actively managed investment portfolio. The plan has a term of two ... Read More »

Sialkot businessmen protest against proposed increase in GST

SIALKOT: Sialkot based leading industrialists, traders and exporters, today, held a protest march to condemn the proposed 3 percent surge in general sales tax by Federal Board of Revenue in the coming Federal Budget 2015-16. President Sialkot Chamber of Commerce and Industry (SCCI), Fazal Jillani, led this protest march. The Sialkot exporters marched on Sialkot city’s commercial hub to Paris ... Read More »

100 basis point cut in policy rate to help enhance business activities: ICCI‏

ISLAMABAD: The Islamabad Chamber of Commerce and Industry has hailed the 100 basis point cut in policy rate that brought it down from 8 percent to 7 percent, and termed it a positive initiative, as it will decrease the cost of doing business, encourage new investment and spur better economic growth in the country. Islamabad Chamber of Commerce and Industry ... Read More »

Porsche starts precautionary worldwide recall of its 918 Spyder sportscar

BERLIN: Porsche started a precautionary worldwide recall of its 918 Spyder sportscar, which can cost up to 850,000 euros ($937,000), saying a carbon fibre part could damage the cooling system and needed to be checked. Porsche, part of Volkswagen, said the affected cars were made before the end of April 2015, including some 76 in Germany and 28 in Switzerland. ... Read More »

David Brown Automotive to introduce its Speedback Aston Martin

LONDON: David Brown Automotive will introduce its Speedback at the 2015 Pebble Beach Concours d’Elegance. Built on a modified Jaguar XKR platform as many recent Aston Martins were, of course, the Speedback features a retro-styled coupe body design that is a homage to the Touring Superleggera-designed Aston Martin DB5 which became a legend, following its use in James Bond films ... Read More »

Honda starts shipping Jazz vehicle to South Africa from its plant in Rajasthan

NEW DELHI: Honda has started shipping Jazz vehicle to South Africa from its plant in Rajasthan. Present in India through its wholly-owned arm Honda Cars India, the company is producing the new Jazz at Tapukara plant where it is investing Rs 380 crore to expand production capacity to 1.80 lakh units annually from 1.20 lakh units. “We have already started ... Read More »

Audi introduces all-electric driverless vehicle, R8 e-tron, at CES Asia 2015 in Shanghai

BERLIN: Audi introduced an all-electric driverless vehicle, R8 e-tron, at CES Asia 2015 in Shanghai. The R8 e-tron is the latest addition to its prototypes that the company calls “piloted driving”. The R8 has sensors, cameras and GPS to gauge altitude changes and road conditions, as well as on-board computer to calculate mass, force and ideal speed. Audi was the ... Read More »

Mercedes-AMG C63 loudest, fastest and most powerful version of Mercedes C-Class

BERLIN: The Mercedes-AMG C63 is a deeply desirable, beautifully made and significantly redeveloped performance saloon that should almost be considered a totally separate model, rather than, simply, a faster, more powerful C-Class. Rivals such as the Audi RS4 and BMW M3 may offer more dynamic precision, but this is one hugely characterful brute that has an altogether more rebellious charm. ... Read More »

Increased exports vital for strengthening national economy: Kamran Michael

Michael urges traders to take benefit of incentives at Gawadar Port ISLAMABAD: Federal Minister for Ports and Shipping Kamran Michael Monday said increased exports were vital for strengthening the national economy. He said that the Gwadar Port had recently started its long-awaited operations for containerised shipment services with special focus on export of local fish to international markets. “Around 10 ... Read More »

Coal power best solution of energy crises: Minister Sher Ali

LAHORE: Provincial Minister for Mines and Minerals Sher Ali Khan has said that coal is the best solution for resolving energy crisis and Punjab government will complete 300 megawatt coal power project at Salt Range by 2018. He said that there were 600 million tons reservoirs of coal at Salt Range and there is need to adopt clean coal technology ... Read More »

Jatoi urges Belorussia to develop FTA with Pak for enhancing trade

Federal minister for industries meets with Belorussian counterpart ISLAMABAD: Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi met with Belorussian Minister of Industry Vitaly Vovk and discussed investment opportunities in auto sector. Vovk conveyed Belorussia’s interest of setting up plants to assemble automobile parts, buses, tractors and grain harvesters within Pakistan. He also showed interest in military related ... Read More »

NAB prepares recommendations to combat corruption in health sector

ISLAMABAD: National Accountability Bureau (NAB) has constituted a Prevention Committee on Health Affairs to examine related laws in force, rules and regulations in order to eliminate corruption and corrupt practices in the sector. As per directions of Chairman, Qamar Zaman Chaudry, the Committee has been constituted under chairmanship of Director General of A&P, NAB Headquarters. The mandate of the committee ... Read More »

SNGPL to ensure transparency through computerized new gas connections

ISLAMABAD: General Manager Sui Northern Gas Pipeline Limited (SNGPL) Islamabad Region, Ejaz Ahmad Chaudhry on Monday said that new gas connections would be provided through computerized system to facilitate the consumer as well as ensure transparency. Talking to APP, he said that the new gas connections would only be provided on first come and first serve basis. He said that ... Read More »

Pakistan’s exports to China surge by 320% after FTA 2012-13

ISLAMABAD: Pakistan and China have completed first phase of implementation of Free Trade Agreement (FTA) 2012-13 and during this period exports to China recorded growth of 320 percent. Similarly, during the period, the imports grew at 120 per cent, sources at Commerce Division said here on Monday. Sources said in order to better utilize concessions and address concerns of the ... Read More »