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Author Archives: CT Report

SECP to host 3rd South Asian Securities Regulators meeting in October

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will host third two-day long session of South Asian Securities Regulators Forum (SASRF) on October 28. The decision in this regard was taken at recent meeting of the Forum members in Colombo, Sri Lanka that took place on the sidelines of 2015 South Asian Investment Conference arranged by South Asian Federation ... Read More »

Solar energy project to generate 900MW electricity planned 

LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif that a project to generate 900 megawatt electricity had been planned in Quaid-i-Azam Solar Park Bahawalpur with the cooperation of China, he said, adding that sincere efforts were being carried out to overcome shortage of energy. Chairman of a renowned Chinese company in energy sector, Zhang Xin, called on Punjab Chief Minister Muhammad ... Read More »

Pakistan, Tajikistan stress to achieve $500 million bilateral trade target 

ISLAMABAD: Pakistan and Tajikistan Monday agreed to further expand and enhance their bilateral relations and achieve the target of US $ 500 million bilateral trade. The agreement was reached during meetings of visiting Deputy Minister of Foreign Affairs of Tajikistan Nizomiddin Zohidi here at the Foreign Office. The two sides agreed that all efforts should be made to achieve the ... Read More »

ABAD for more incentives to construction industry 

KARACHI:  Chairman Association of Builders and Developers of Pakistan (ABAD), Junaid Ashraf Taloo has called for more incentives and facilities for the construction industry to tap its real potential for economic prosperity and development in the country. He urged for implementation of the national housing policy- 2001 in letter and spirit to strengthen the construction industry. ABAD Chief was speaking ... Read More »

Bosan directs PASSCO to make wheat procurement transparent

LAHORE: Federal Minister for National Food Security and Research Sikander Hayat Khan Bosan on Monday visited Pakistan Agricultural Storage & Services Corporation (PASSCO) head office in connection with ongoing wheat procurement drive 2015. PASSCO Managing Director Captain (R), Tariq Masud welcomed the minister and discussed matters related to wheat procurement. PASSCO General Manager (Field) Brig (R) Rashid Ali also informed ... Read More »

Senators urge govt to take steps ensuring service-oriented, legalize banking

Corruption being eliminated from govt departments: Senate told ISLAMABAD: State Minister for Parliamentary Affairs Sheikh Aftab Ahmed said the menace of corruption was being eliminated gradually from state institutions as a result of drastic measures taken by the government. Responding to the motion “The House may discuss the issue of corruption in federal government departments,” he said the Prime Minister ... Read More »

Pakistan’s improved economy offers opportunity to reinforce stability gains: Dar   

ISLAMABAD: Pakistan’s improved economic and financial situation presents a unique opportunity for Pakistan to reinforce and build on recent stability gains and to work towards achieving higher, sustainable and inclusive economic growth. Minister for Finance Senator Mohammad Ishaq Dar expressed these views while addressing Asian Development Bank (ADB) Board of Governors meeting in Baku (Azerbaijan) on Monday. “This will require ... Read More »

Electricity load-shedding to end by 2017: Abid

ISLAMABAD: Minister of State for Water and Power Chaudhry Abid Sher Ali said on Monday electricity load-shedding would end in the country by 2017. He was speaking at the signing ceremony of Power Purchase Agreement (PPA) of Thar Coal here. Secretary Water and Power and CEO Sindh Engro Coal Mining Company signed the agreement. The minister said that during the ... Read More »

Govt working to formulate realistic trade policy framework: Khurram

ISLAMABAD: Minister for Commerce, Engineer Khurram Dastgir Khan on Monday said that government was endeavoring to formulate a realistic, predictable and transparent medium-term trade policy framework for effectively addressing issues confronted by exporters. Addressing the 64th meeting of the Advisory Council, he said that with improving peace and enhanced energy availability; the investors will regain confidence and start investing in ... Read More »

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 »