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Author Archives: CT Report

FBR to end trend of declining exports

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Spanish Companies doing good business in Pakistan despite many odds, perception: Carlos

KARACHI: Ambassador of Spain, Carlos Morales Sanchez has said that despite many odds and perception about Pakistan, numerous Spanish companies were successfully doing ‘good business’ in Pakistan. “Many Spanish companies are successfully doing business in this region, of which around 500 Spanish companies are in Emirates which is not far from Pakistan. We need to boost them to come to ... Read More »

Secret of economic progress lies in strengthening of institutions: LCCI

LAHORE: President of the Lahore Chamber of Commerce and Industry (LCCI) Sheikh Muhammad Arshad has said that secret of economic progress and prosperity lies in strengthening of institutions, consistency in policies and public-private partnership. LCCI President was talking to the 110-participant of National Security & War Course 2016 from National Defence University on Tuesday. The LCCI Senior Vice President Almas ... Read More »

Romania eyes to enhance trade potential with Pakistan

ISLAMABAD: Romania wanted to make significant increase in volume of trade with Pakistan which was a big consumer market and Romanian mission would play positive role in bringing both countries even closer, observed H.E. Emilian Ion, Ambassador of Romania while speaking at Islamabad Chamber of Commerce and Industry (ICCI). He said many Pakistani products including ready-made garments, bed sheets, towels, ... Read More »

Soft drink company director meets Finance Minister Dar

ISLAMABAD: Director of Coca Cola’s Group Corporate Affairs and Chairman, Pak-Turk Business Council called on the Finance Minister, Senator Mohammad Ishaq Dar here on Tuesday. He apprised the Minister about the current profile of Coca Cola Company’s current investment portfolio in Pakistan. He said that the company already has US $ 450 million investment in Pakistan while another US $ ... Read More »

British High Commissioner discusses DFID cooperation with Finance Minister

ISLAMABAD: British High Commissioner, Phillip Barton had a meeting with the Finance Minister, Mohammad Ishaq Dar here Tuesday. The High Commissioner at the outset felicitated the Minister on the successful conclusion of the 9th IMF Review. He said it was another example of the growing confidence of international financial institutions in Pakistan’s economic stability. He added that gains made in ... Read More »

Appointment of Nasir Masroor as new Member Customs lauded

KARACHI: Newly appointed FBR Chairman Nisar Muhammad Khan and other top officials have lauded the decision of Finance Minister to give charge of Member Customs to an honest officer Nasir Masroor Ahmad. FBR Reforms and Automation DG Nasir Masroor Ahmed has taken the charger of new Member Customs, FBR House. He has replaced Nisar Muhammad Khan who has been promoted ... Read More »

Shahid Hussain Jatoi to take charge as Member-in-Charge Federal Ombudsman

ISLAMABAD: Outgoing FBR Member Admin Shahid Hussain Jatoi will assume charge as Member-in-Charge, Federal Ombudsman, Karachi. Waqar Ahmed Chief Commissioner Lahore has replaced him as new Member Administration FBR. Shahid Hussain Jatoi, a BS-21 Officer of 8th CTP Secretariat Group, has served in various key positions across the country during his illustrious career spanning over a period of 33 years. ... Read More »

Shahid Hussain Asad becomes DG National Center for Rural Development

ISLAMABAD: Outgoing Member (Inland Revenue) Policy and official spokesperson FBR Shahid Hussain Asad has been given the new assignment of Director General National Center for Rural Development. Rehmatullah Khan Wazir has replaced him as new FBR Member (Inland Revenue) Policy. Shahid Hussain Asad, a BS-22 officer of 8th CTP, holds a Master’s degree in English Language & Literature from Government College, Lahore, ... Read More »

Customs starts crackdown against non-customs paid vehicles

KARACHI: The Karachi Customs intelligence has started a grand operation against non-custom-paid vehicles. In which custom intelligence has recovered several vehicles, it has learnt. According to details, Directors, officers’ superintendent and high authorities of customs intelligence has decided to start a grand operation against non-custom-paid vehicles, after the order of Mahmood Abbas superintendent of A.S.O department, officers has raided in different areas ... Read More »

LCCI condemns terrorist attack in Paris

LAHORE: Lahore Chamber of Commerce and Industry (LCCI), condemned the barbaric act of terrorism in Paris, and has said that Pakistani nation in general and business community in particular stands shoulder to shoulder with the people of France. In a condolence message to the French Ambassador, the LCCI President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President ... Read More »

LCCI asks FBR to release early refund claims

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) has demanded of the Federal Board of Revenue (FBR) to release refund claims at the earliest as the businesses are facing serious shortage of capital to run their businesses. In a statement issued here Monday, the LCCI president Sheikh Muhammad Arshad said the Federal Board of Revenue is hampering growth of the ... Read More »

Pharma industry seeks govt support to enhance exports ‏

ISLAMABAD: The prevailing drug laws and regulations are not favoring the local pharmaceutical industry due to which this important industry could not realize its full growth potential as yet. However, if government formulates favorable policies and rules and provide the needed support, the pharmaceutical industry has the potential to change the destiny of the nation and take its annual exports ... Read More »

FCCI concerns over reducing gas supply to industrial sector

FAISALABAD: FCCI has expressed concern over the step motherly treatment with the industrial sector of Punjab by reducing gas supply only to the industrial sector of Punjab. In a statement issues here, Chaudhary Muhamamd Nawaz said that the industrial sector of other provinces are getting gas round the clock while in Punjab the industrial sector is getting gas only for ... Read More »

Dar reviews measures for effective fiscal, monetary discipline in country

ISLAMABAD: Finance Minister, Ishaq Dar here on Monday presided a meeting to review the current profile of agricultural credit. The Minister said that the government attached great importance to the growth and promotion of the agriculture sector as it was a major contributor to the national economy. In order to achieve this objective he said, facilitation of the farmers’ community ... Read More »

Ishaq Dar reviews the implementation status of Kissan Package

ISLAMABAD: Finance Minister, Ishaq Dar here on Monday presided a meeting of senior officials of Ministry of Finance, Ministry of Industries, Ministry of National Food Security ((MNFS)) and Ministry of Commerce to review the implementation status of the Kissan Package. The meeting expressed satisfaction on the effective and prompt implementation of the package throughout the country. The Finance Minister while ... Read More »

Pak-Afghan JEC to be held on 23-24 November in Islamabad

  ISLAMABAD: A high level meeting presided by Finance Minister, Ishaq Dar here reviewed the implementation status of decisions taken at the last Pak-Afghan Joint Economic Commission meeting last year. The meeting was held as part of preparations for the next Pak-Afghan Joint Economic Commission (JEC) meeting scheduled to be held in Islamabad on 23-24th November. The meeting was given ... Read More »

Nescafé rolls out 360-degree music video on Facebook

Coffee brand Nescafé has launched a 360-degree music video – reportedly the first to be published on Facebook. A 360 video is created with a camera system that simultaneously records all 360 degrees of a scene. Viewers can pan and rotate a 360 video’s perspective to watch it from different angles. The global campaign developed by Publicis, called ‘Good Morning ... Read More »

Islamabad ,Tajikistan Chambers sign MoU to promote trade activities ‏

ISLAMABAD: Islamabad and Tajikistan Chambers of Commerce and Industry have signed a Memorandum of Understanding to promote mutually beneficial cooperation between private sectors of both countries for enhancing bilateral trade, investment, joint ventures and technology transfer in areas of interest. Atif Ikram Sheikh, president, Islamabad Chamber of Commerce & Industry and Sharif Said, Chairman, Tajikistan Chamber of Commerce and Industry ... Read More »

Increase in gas tariff a sheer injustice: LCCI President

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) has invited attention of the government towards high gas tariff and called for shelving any such plans that are bound to ruin the industrial activities. In a statement issued here Saturday, the LCCI President Sheikh Muhammad Arshad said that at the moment when industrial sector is coping with the challenge of energy ... Read More »