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Author Archives: CT Report

President approves summoning of Senate budget session

ISLAMABAD: President Mamnoon Hussain has approved the Prime Minister’s advice for summoning of Budget Session of the Senate on Friday, June 5, at 06:00pm in the Parliament Building. He gave his approval on a summary initiated by the Ministry of Parliamentary Affairs in this regard, said a press release. Read More »

Customs foils bid to smuggle Gandhara-era artefact at Islamabad airport

ISLAMABAD: Pakistan Customs foiled a bid to smuggle Gandhara-era artefact at Benazir Bhutto International Airport (BBIA) and arrested a passenger. Khan Zafar Ali, a Pakistani-origin German national, was carrying eight statues of Buddha. The passenger was booked for Turkey on a private airline but was intercepted and taken into custody after the statues were found in his luggage. The artefacts ... Read More »

SCCI expresses concerns over proposed GICD Cess Bill, 2015

SIALKOT: The Sialkot Chamber of Commerce and Industry (SCCI) has expressed grave concerns over governments’ attempt to pass the controversial Gas Infrastructure Development Cess (GIDC) Bill 2015. SCCI President Fazal Jillani has strongly opposed the decision for passing the bill. SCCI press release revealed that the previous government also passed the GIDC in the Finance Bill 2011 which was challenged ... Read More »

SMEDA holds two-day workshop for textile cluster

PESHAWAR: The Regional Office, Small and Medium Entrepreneurship Development Authority (SMEDA) Khyber Pakhtunkhwa arranged a two-day training workshop for textile cluster of Swat. The workshop conducted three different training programmes following the SMEDA project, Women Business Development Centre (WBDC) Swat. The objective of the workshop was the capacity building and improvement in the technical skills of the textile related SMEs ... Read More »

Experts for introducing tax reforms to increase tax to GDP ratio

ISLAMABAD: Terming Pakistan’s tax to GDP ratio of 9.8 percent as lowest in the region, the speakers here at a policy engagement workshop called for introducing tax reforms and restructuring taxation system for enhancing the revenues of the country. The speakers also recommended rationalising tax expenditures and enhancing greater public investment, especially in power generation and distribution, gas supply, roads ... Read More »

Scholar: Prevailing banking system unjust, lacks social responsibility

ISLAMABAD: Prevailing conventional banking was unjust and exploitative due to lack of social responsibility and it has become a tool of injustice and inequality in society. Dr. Tahir Mansoori, Vice President Higher Studies and Research, International Islamic University Islamabad (IIUI) expressed these views while presiding over a four-day training workshop on “Islamic Banking and Finance” organised by Shariah Academy on ... Read More »

Call for Pak-China collaboration in fruit sector

LAHORE: Pakistan and China can collaborate to initiate fruit quality enhancement centers, fruit processing units, dehydration plants and cold storage chains to make Pakistani fruits in line with the international standards for export to world markets. Head of a 4-member Chinese delegation from Yantai Jiarong Trading Co. Limited, Huang Xin Jian stated this in a meeting with Pak-China Joint Chamber ... Read More »

Islamabad: ANF arrests 13 drugs smugglers, recovers 581 kg drugs

ISLAMABAD: The Anti Narcotics Force (ANF) arrested 13 persons including two lady smugglers, recovering 581 kg drugs worth of Rs 1.35 billion. ANF in a drive against drug trafficking carried out 11 operations at various cities of the country, said a press release. The operations resulted in recovery of 532 kg charas, 45 kg opium, 3 kg heroin, 1 kg ... Read More »

Chief Minister Shahbaz orders crackdown against sale of ‘haram meat’

LAHORE: Punjab Chief Minister Shahbaz Sharif Tuesday ordered a vigorous crackdown to check the sale of hazardous and ‘Haram’ meat in the province and said that elements involved in this evil trade should be brought behind the bars as they deserve no leniency. He was addressing a high level meeting through video link here at Civil Secretariat, says a press ... Read More »

Malaysia can grab Pakistan’s palm oil market again by lowering price

KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) Chairman Atif Ikram Sheikh has asked the Malaysian palm oil exporters to regain the Pakistani palm oil market of 200 million people by lowering the prices. Talking to a delegation of Malaysian palm oil exporters here on Tuesday, he said that Pakistan is one of the largest markets of edible oil. Cooking oil industry ... Read More »

Pakistan earns $4.637 billion by exporting coarse rice

ISLAMABAD: Pakistan has earned $4.637 billion approximately by exporting good quality of coarse rice during the year from 2010-11 to 2013-14, whereas country earned $3.269 billion by exporting basmati rice during same period. According to SAARC BIZ Report, the foreign exchange earned by exporting the coarse rice was 41.84 percent higher than the exports of basmati rice during the period ... Read More »

Food Dept achieves 78pc wheat procurement target

MULTAN: The Food Department Multan division has achieved 78 percent target of wheat purchase as it procured 526,976 tonnes of wheat. According to the Food Department sources on Tuesday, District Multan procured 179,457 tonnes of wheat. Similarly, districts Lodharan, Vehari, and Khanewal purchased 79,221, 121,336, and 146,961 tonnes of wheat respectively. The officials informed that the wheat procurement campaign was ... Read More »

Govt to protect rights of DISCOs’ employees: Khawaja Asif 

ISLAMABAD: Federal Minister for Water and Power, Khawaja Muhammad Asif on Tuesday assured the All Pakistan WAPDA Hydro Electric Workers Union (CBA) that government will take all necessary actions to safeguard and protect rights of the employees of the DISCOs. He said this during a meeting with all Pakistan WAPDA Hydro Electric Workers Union (CBA) delegation led by Secretary General ... Read More »

LCCI urges govt to restore salt supply to industry

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) on Monday urged the government to take immediate measures to restore the supply of salt to chemical and allied industries as its shortage is hitting the industrial sector hard. LCCI Vice President, Syed Mahmood Ghaznavi said that non-availability of salt would lead to closure of chemical and allied industries, while, thousands ... Read More »

No change in CPEC route, to pass through all provinces: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Reforms Ahsan Iqbal has reiterated that there is no change in the route of China-Pakistan Economic Corridor (CPEC) and it will pass through all provinces without any biasedness. Talking to Voice of America (VoA), he termed negative discussion on design of the CPEC ‘hypothesis’ and said the government was committed to complete the ... Read More »

Pakistan achieves 12% ‘protected area’ target under MDGs: Mushahidullah

ISLAMABAD: Federal Minister for Climate Change, Senator Mushahidullah Khan said that Pakistan has achieved the target of 12 percent protected areas under the Millennium Development Goals (MDGs) on environmental sustainability. “However, the target to increase the forest cover to 6 percent is yet to be achieved, and it requires dedicated window on forests in the $ 100 billion Green Climate ... Read More »

Industrial output grows 2.49% in first 9 months of 2014-15

ISLAMABAD: The country’s large scale manufacturing sector has witnessed growth of 2.49 percent during the first nine months of current fiscal year 2014-15 as compared to the corresponding period of last year. The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 125.57 points during July-March (2014-15) against 122.52 points during same period of last year, according ... Read More »

Legislators to be taken into confidence on CPEC, Asif assures National Assembly

ISLAMABAD: Minister for Water and Power, Khawaja Asif on Monday assured the National Assembly that legislators would be completely taken into confidence on China-Pakistan Economic Corridor (CPEC) and their concerns, if any, would be removed. The government has convened a meeting to know the concerns of political parties over CPEC, he said while responding to a point of order in ... Read More »

FC seizes 149,000 litres of Iranian diesel

QUETTA: Frontier Corps (FC) on Monday seized thousands of litres of smuggled Iranian diesel at Shekh Wasil and Kalat area of Balochistan. According to FC spokesman, FC personnel recovered 65,000 litres of Iranian diesel from two oil tankers at Shekh Wasil check post area of Mastung district, which were smuggled in the country. Meanwhile, 84,000 litres of Iranian diesel were ... Read More »

Shipping activity at Port Qasim

KARACHI: Two ships carrying containers and diesel oil were berthed at Qasim International Containers Terminal and FOTCO Terminal respectively. Meanwhile, four more ships carrying containers, chemical, diesel oil and edible oil also arrived at outer anchorage of Port Qasim during last 24 hours. Berth occupancy was 65 percent at the port on Monday where a total seven ships namely T.G ... Read More »