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Author Archives: CT Report

CDA initiates development work on Park Enclave Project

ISLAMABAD: The Capital Development Authority (CDA) has initiated development work on the Park Enclave Housing project and launched a drive for plantation and demarcation of the street numbering in the society. As per an official statement, the CDA authorities directed the contractors to deploy additional manpower and machinery to execute the work of development expeditiously. Meanwhile, CDA management is regularly ... Read More »

Cement export to India declined by 30% to 43,000 tonnes in July

LAHORE: The country’s cement export to India has declined by 32 percent to 43,000 tonne in July 2015 against 63,000 tonne of the same month last year. According to figures of All Pakistan Cement Manufacturers Association, the exports to Afghanistan declined to 178,000 tonnes during July 2015 compared to 184,000 tonnes of corresponding period of 2014 export sector continued to ... Read More »

Saarc Chamber urges S Asian govts to simplify visa procedure

LAHORE: With the aim to boost intra-regional capital flows in South Asia, the Saarc Chamber of Commerce and Industry has urged the governments to simplifying visa regime, liberalize banking procedures and fast-track customs clearance. Quoting global trade statistics the Saarc CCI vice president Iftikhar Malik said that volume of trade between Saarc states and the rest of the world is ... Read More »

Two Customs Inspectors, Dy Superintendent to retire soon

ISLAMABAD: Three Pakistan Customs service officers of BS-16 are going to retire from the government service on attaining the age of superannuation. Malik Tariq Khurshid, presently posted as Inspector, Model Customs Collectorate of Appraisement, Lahore, will stand retired from Government Service with effect from 19-Oct-2015. Akhtar Ali, presently posted as Inspector, Model Customs Collectorate, Peshawar, will stand retired from Government ... Read More »

Cotton cultivation area decreased by 4% during three years

ISLAMABAD: The cultivation area for cotton crops have reduced by four per cent during the last three years mainly due to high input costs. As per the data issued by the Ministry of Agriculture for the year 2014-15, wheat crop has been estimated at 25.490 million tons, 1.9 percent less than the previous year’s production of 25.979 million tons. As ... Read More »

Farewell lunch arranged for outgoing Chief Collector Nazim Saleem

KARACHI: A farewell lunch was arranged in the honour of Enforcement-South Chief Collector Nazim Saleem, as he has been transferred and posted in the FBR on a new assignment. After the orders of the Federal Board of Revenue to transfer Nazim Saleem, a graceful farewell lunch was arranged at Café Douane of the Customs House. The lunch was arranged by ... Read More »

Govt urged to encourage SMEs to boost economy

ISLAMABAD: The government should take measures to help boost the small and medium enterprises (SMEs), which has potential to develop economy with less investment. United International Group Chairman Mian Shahid said that SME is very important sector facing issues like branding, access to the markets, e-commerce, online trading, research and financing which should be tackled at the earliest. He said ... Read More »

Three Customs officers of BS-16 retire

ISLAMABAD: Three Pakistan Customs Service officers of BS-16 have retired/ are going to retire from the government service on attaining the age of superannuation. Inayatullah Shaikh, presently posted as Inspector, Model Customs Collectorate, Hyderabad stood retired from Government Service with effect from Aug 13, 2015. Muhammad Akmal, Deputy Superintendent (BS-16) Model Customs Collectorate, Islamabad stood retired from Government Service with ... Read More »

Pakistan increasing ties with US to boost agri production: Bosan

ISLAMABAD: Pakistan is further increasing its ties with the United States, especially in agriculture to boost the productivity of different crops. This was stated by Federal Minister for National Food Security and Research Sikandar Hayat Bosan, while addressing the inaugural session of annual conference on ‘Agriculture innovations’, jointly organised by US-AID, CIMMYT and Pakistan Agriculture Research Council. He said that ... Read More »

Finance minister reviews privatisation division’s performance

ISLAMABAD: Federal Finance Minister Ishaq Dar, chairing a high-level meeting, has reviewed performance of the Privatisation Division. Secretary Privatisation Division Ahmed Nawaz Sukhera briefed the minister about the performance of the Division. He also apprised the Minister about the divestment activities that it had already undertaken and intended to undertake in future. Dar acknowledged the achievements of the Privatisation Division ... Read More »

CDA urged to adopt proper mechanism for disposal of solid waste

ISLAMABAD: The locals have asked the Capital Development Authority (CDA) to device a mechanism for collection and disposal of solid waste in the federal capital. The residents of various areas, while talking to the state-owned news agency, said that the heaps of garbage could be seen everywhere in different areas of Sohan, Faizabad and New Shakarial. A senior official of ... Read More »

Pilots’ association flays new aviation policy

LAHORE: The pilots have showed their concerned over the new policy, terming it disastrous for the aviation industry. Pakistan Airline Pilots’ Association (PALPA) General Secretary Captain Sohail Ahmed, in a statement, said that it suggests the selling of Pakistani airports, domestic routes and travellers to foreign carriers and investors, laying the foundation for the destruction of the domestic aviation industry. ... Read More »

PSP activists stage protest against power generation plants in Muzaffargarh

MUZAFFARGARH: A large number of people have staged a protest against the proposed coal-based and nuclear power plants in Musaffargarh. The activists of the Peoples Seraiki Party, wearing surgical masks and led by PSP chief Malik Zul Norain Bhutta, rallied against the power plant to be build near Mehmood Kot and a nuclear power plant near Chowk Sarwar Shaheed. The ... Read More »

Ministry chalking out new policy to address water woes

ISLAMABAD: With the aim to improve economy and water distribution, the Ministry of Water and Power is chalking out a new policy to resolve issues related to water shortage and food insecurity. The policy also aims at developing hydropower projects for economic growth; ensuring food security; expanding available water supply and adapting to climate changes, population and other large scale ... Read More »

Iftikhar Babar to convene meeting of FBR, traders to resolve outstanding issues

SIALKOT: Secretary Board of Investment (BOI) Pakistan Iftikhar Babar has said that after the commencing of the grand project of Pak-China Economic Corridor, now Pakistan has become an ideal country for foreign investment, as world’s big foreign investors were now looking on Pakistan. He stated this, while addressing an important meeting of the Sialkot exporters held at Sialkot Chamber of ... Read More »

LCCI demands massive cut in petroleum prices

LAHORE: Senior vice president of the Lahore Chamber of Commerce and Industry urged the government to pass on the benefit of crude oil price reduction in the international market to the trade, industry, agriculture sector and the masses. After having a meeting with the delegation of businessmen at the Lahore Chamber of Commerce and Industry, Mian Nauman Kabir said that ... Read More »

COPHCL briefs FPCCI on Pak-China Economic Corridor

KARACHI: With a detailed presentation beginning from the past history and up to the future of Gawadar port, the China Overseas Ports Holding Company Pvt Ltd (COPHCL) has briefed the business leaders of the Federation of Pakistan Chambers of Commerce and Industries on multi-billion Pakistan China Economic Corridor. A number of business leaders headed by FPCCI President Mian Muhammad Idress, ... Read More »

Foreign Direct Investment across SAARC region can accelerate economic growth: Dar

KATHMANDU: Federal Minister for Finance Ishaq Dar has said that  due to Pakistani government strong economic policy foreign investment is increasing in the country. Addressing the 7th SAARC Foreign Minister’s Conference, he said as we all understand, our region is endowed with vast natural and human resources. Our rich heritage and our combined resources lend us vast potential for development ... Read More »

Process Control Laboratories should be established in Sialkot: WWF

SIALKOT: The best water management practices (BWMPs) experts of WWF have urged the Sialkot based tanners to give up the necessary use of water and chemicals in their leather tanneries for reducing the environmental pollution caused by their tanneries in Sialkot, saying that the unnecessary usage of the water has increased the water consumption to maximum level in Sialkot here. ... Read More »

KCCI slams upward revision of K-electric’s tariff for residential consumers

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Vohra has vehemently criticized the government for giving go ahead to K-Electric to raise its electricity tariffs for residential consumers which varies from 19 percent to 30 percent under various slabs for residential consumers and has become effective from July 14, 2015. “This unjust hike appeared in ... Read More »