Thursday , January 21 2021
Breaking News
Home / Author Archives: CT Report (page 3530)

Author Archives: CT Report

KPT shipping movement report

KARACHI: Following were the movements of ships at Karachi Port during the last 24 hours, ending at 0700 hours on Wednesday. SHIPS SAILED: Steel Honesty G.C ACX Crystal Cont Shandong Hai G.C Sima Prestige Cont Han YI G.C SHIPS BERTHED: YM Express Container Ship M.T.Karachi Tanker Buxcontact Container Ship EL Zorro Tanker EXPECTED SAILING DATE Falcon Victory 06/01/16 Buxcontact 06/01/16 ... Read More »

Vinacomin expects turnover of $4.8 bln in 2016

HANOI: The Viet Nam National Coal and Mineral Industries Group (Vinacomin) anticipates a turnover of VND110 trillion (US$4.8 billion) this year, along with an average salary of VND9.1 million ($404) per worker in 2016. Vinacomin said, during a conference to launch business plans for 2016, held recently in the northestern province of Quang Ninh, that it planned to mine 39.87 ... Read More »

Minor penalty imposed on Customs Dy Chemical Examiner Shams

ISLAMABAD: The minor penalty of ‘withholding of increment for two years’ has been imposed on Shams-uz-Zaman, Deputy Chemical Examiner (BS-18), on the charge of inefficiency. The disciplinary proceedings were initiated against the officer under the Government Servants (Efficiency & Discipline) Rules, 1973 on account of acts of omission and commission, constituting ‘inefficiency’, ‘misconduct’ and ‘corruption’, committed by the accused officer ... Read More »

Assistant Collector Dr Tahir punished

ISLAMABAD: Dr Tahir Iqbal Khattak, Pakistan Customs Service officer of BS-17, has been punished after a departmental inquiry. The minor penalty was imposed on the officer, presently posted as Assistant Collector, Model Customs Collectorate, Islamabad, under Government Servants (Efficiency & Disciplinary) Rules, 1973. As per the penalty, the performance allowance (equivalent to 100 per cent of basic pay) admissible to ... Read More »

Vietnam trade deficit with China rises in last year

HANOI: The whopping rise in trade deficit that Viet Nam ran up with China last year has reiterated its alarming dependence on imports of a wide range of products from there. Updates from the General Statistics Office (GSO) revealed that Viet Nam ran up an estimated trade deficit of US$32.3 billion in 2015, soaring up by as much as 12.5 per ... Read More »

Vietnam PMI improves in Dec

HANOI: The Purchasing Managers’ Index (PMI) in Viet Nam, an indicator of manufacturing performance, increased from 49.4 in November to 51.3 in December, a Nikkei report, released on Monday, said. The first increase in new orders in four months supported the strengthening of the manufacturing sector, amid improving client demand. New export orders also grew in December, the first solid ... Read More »

Thailand shipper sees 2015 exports drop 5.5%

WASHINGTON: Exporters estimated Thailand in 2015 will shipments contract 5.5% year-on-year, as fourth-quarter exports shrank more than expected. Nopporn Thepsithar, chairman of the Thai National Shippers Council, said December exports would total about UScopy7.7 billion, down 5.53% from copy8.7 billion in the same month in 2014. The council therefore estimated total exports for last year would come in at $215 ... Read More »

US auto sales hit record high of 17.47 million in 2015

WASHINGTON: Americans are buying more new cars than ever before as automakers reported December and full-year sales Tuesday. U.S. auto sales hit a record high of 17.47 million in 2015, topping the old record of 17.35 million set in 2000. Analysts expect sales could go even higher this year as unemployment continues to decline and more young buyers enter the ... Read More »

Global stocks fall due to N.Korea, China

NEW YORK: News of a possible nuclear test in North Korea and lingering concerns over China kept investors cautious Wednesday, sending global stocks lower again in a shaky start to the year. The Stoxx Europe 600 was down 0.9% in early trade, led lower by the basic resources and energy sectors after Brent crude fell to an 11-year low. Investors ... Read More »

Pak rupee gains value against US dollar

KARACHI: The Pakistani rupee Wednesday gained value against the US dollar both in interbank and open market. According to the local money market, the dollar lost 35 paisas in interbank for selling at 104.70 and five paisas in open market to reach 106.20. On Tuesday, the greenback gained 35 paisas in interbank to reach 105.05 and 10 paisas in open ... Read More »

Three projects of Irrigation Dept worth over Rs9.5b approved

LAHORE: The Punjab government has okayed Rs9,519.201 million (over Rs9.5 billion) worth of three development projects of Irrigation Department. The projects were approved in the 21st meeting of the Provincial Development Working Party (PDWP) of the current fiscal year 2015-16, presided over by P&D Board Punjab Chairman Muhammad Jahanzeb Khan. P&D Provincial Secretary Iftikhar Ali Sahoo, members of the planning ... Read More »

Restrictions on export of paddy from India to Nepal

KATHMANDU: Restrictions on the export of paddy and seeds from India to Nepal have been in effect since October 7 under its revised foreign trade policy about which information has become available only recently. Ministry of Commerce Secretary Naindra Upadhyay and officials from the Ministry of Agricultural Development said they had no knowledge about the change in Indian policy. The ... Read More »

IOCO DG Shaukat Ali made Member (Legal)

ISLAMABAD: Shaukat Ali, a BS-21 officer of Pakistan Customs Service, currently posted as Director General, Directorate General of Input Output Co-Efficient Organisation (IOCO), Karachi, has been transferred and posted as Member (Legal), Federal Board of Revenue (HQ), Islamabad with immediate effect. According to the notification, if the officer is drawing performance allowance prior to issuance of his notification will continue ... Read More »

Qatari stock index falls below 10,000-mark again

DOHA: Qatari stocks declined below the 10,000 mark second time in two weeks yesterday shedding 0.82 percent or 82.03 points to settle at 9,959, after Monday’s 2.64 percent plunge. The entire sector indices, barring transportation, entered red under retailers’ selling pressure. Banking stocks were the main drag. QNB fell 1.2 percent, Al Rayan decreased 1.8 percent and CBQ was down ... Read More »

FBR issues list of 144 Office Superintendents

ISLAMABAD: Federal Board of Revenue has issued the provisional seniority list of 144 Officer Superintendents, Inland Revenue Department. According to the notification, the list, issued vide Board’s letter of even number dated December 24, 2014, was released with the directions that representations may be forwarded to the Board along with supporting documents within 30 days of the receipt of provisional ... Read More »

Cherry exports to decrease 28% in Chile

SANTIAGO: According to the Cherry Committee of the Fruit Exporters Association of Chile (Asoex), the Chilean cherry export supply for the 2015-2016 season will decrease by 27.7% when compared to the previous season. After analyzing the effects of the rains and spring frosts in the months of September, October and November, the Committee, which accounts for 84% of the cherry ... Read More »

Largan sales fall by 30.84% YoY in 2015

TAIPEI: Largan Precision Industry Co, which supplies camera lenses for Apple Inc’s iPhone, yesterday reported its lowest monthly sales in nine months due to soft customer demand. Sales plunged 30.84 percent year-on-year and 30.03 percent month-on-month to NT$3.97 billion (US$119.33 million) last month. This is the first time since June 2012 that Largan has posted an annual decline in monthly ... Read More »

Uruguay’s exports of goods decrease 11.6% in 2015

MONTEVIDEO: Uruguay’s exports of goods totaled $8.96 billion in 2015, an 11.6 percent decrease from the previous year, Uruguay XXI, the South American country’s investment and trade promotion agency, said. Beef and cellulose surpassed soybeans as the main products exported by Uruguay in 2015, while China and Brazil remained the top buyers of goods. The Annual Foreign Trade Report said ... Read More »

Indonesia to import rice from India, Pakistan

JAKARTA: The government is sounding out the possibility of importing rice from India and Pakistan amid low rice stocks following a prolonged dry season. “We are still negotiating imports with India and Pakistan,” said Trade Minister Thomas Lembong in Jakarta on Wednesday. The government, Thomas said, was still preparing a government-to-government Memorandum of Understanding (MoU) on rice imports with the ... Read More »

New Zealand honey exports double in Nov

WELLINGTON: New Zealand honey exports doubled in November as the country benefited from demand for high-value manuka honey. The value of honey exports jumped to $27.4 million in November from $13.6 million the same month a year earlier, according to the latest Statistics New Zealand data. That helped boost the annual value of honey exports in the 12 months through November ... Read More »