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Author Archives: CT Report

KPT shipping intelligence report

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Monday. ALONG SIDE (Bulk Oil Pier): Berth No Ship Working Agent Berthing Date OP-II Al Mahboobah D. Chemical GAC 22/05/15 ALONG SIDE (East Wharves): 2/3 Yasa Aysen D. Meal East Wind 18/05/15 5 Poavosa Wisdom VIII D. Dap Bulk.Sh. 14/05/15 ... Read More »

KPT shipping movement report

KARACHI: Following were the movement of ships at Karachi Port during the last 48 hours, ending at 0700 hours on Monday. SHIPS SAILED: Al Mahboobah Poavosa Wisdom VIII DL Aster Izumi Sudair APL Guangzhou Northern Guild Salzgitter Commodore SHIPS BERTHED: Bright Dawn Tanker HR Revolution General Cargo KMTC Mumbai Containers Ship New York Star Tanker Commodore Containers Ship MOL Distinction ... Read More »

PCG seizes liquor worth Rs 17 million in Balochistan

KARACHI: Pakistan Coast Guards (PCG) has claimed to seize a huge quantity of foreign origin liquor worth around Rs 17 millions, from Coastal Highway near Badoke an area of Balochistan. The PCG officials received information from intelligence sources about dumping of foreign brand liquor around surrounding area of Sindhri Nallah, Badoke, (Balochistan). Accordingly special search teams were assigned task to ... Read More »

Ishaq Dar welcomes State Bank’s decision to lower policy rate

ISLAMABAD: Finance Minister Ishaq Dar has hailed announcement by the State Bank of Pakistan (SBP) to lower its policy rate, saying it would spur business and economic activities in the country. The minister said that decision by the SBP to reduce policy rate from 8 percent to 7 percent is a manifestation of improvement in macroeconomic conditions as reflected in ... Read More »

MCCI asks govt to provide cargo aircrafts for export

MULTAN: President of Multan Chamber and Commerce and Industries, Mian Iqbal Hussain said that government must provide the facility of wide body aircraft for the export of various goods from the Multan International Airport. International Airport exporters need immediate facility of separate cargo aircraft for the export of their product. Iqbal Hussain was visiting the export terminal of Multan International ... Read More »

UK committed to further enhancing trade ties with Pakistan: Baroness Nosheena

Nosheena Mobarik says UK views Pakistan as a long-term strategic partner, will continue to support all its endeavours aimed at expansion of trade relations between the two countries LAHORE: Member of UK House of Lords Baroness Nosheena Mobarik has said that the British government is committed to a long-term, productive and friendly partnership with Pakistan. She was talking to LCCI ... Read More »

Need stressed for energy conservation in industries to improve productivity

ISLAMABAD: Industries should focus on energy conservation by promoting the use of energy-efficient equipment and machinery that will help in saving sufficient energy and making more power available for manufacturing units to enhance productivity. This was said by Islamabad Electric Supply Company Chief Executive Officer Malik Yousaf Awan while addressing a seminar on energy conservation at the Islamabad Chamber of ... Read More »

Volkswagen Vento ready to attract fans

BERLIN: 2015 Volkswagen Vento may share a lot of its components with the Polo but targets a different audience. The car did get an update last year but it still looked more like its hatchback sibling when viewed from upfront. Competition from newer C  segment sedans and its cousin, the Rapid meant the car was no longer as desirable. But ... Read More »

All you must know about Toyota Hilux Revo pickup

TOKYO: Toyota’s best-selling pickup gets renovation in design, bigger body, more economical powertrains, car-like interior, more safety features and a new moniker. Toyota has staged the world premiere of its eight-generation Hilux in Thailand today after selling its direct predecessor for 11 years. Developed as a replacement for the Hilux Vigo, the Hilux Revo gets a new diesel engine family ... Read More »

Dar urges envoys to benefit from investment in Pakistan

ISLAMABAD: Terming Pakistan as one of the best investment destination Minister for Finance, Senator Mohammad Ishaq Dar has called upon the ambassadors and high commissioners of the friendly countries to take benefit from the investment and trade opportunities being offered in the different sectors of economy in the country. The present government through its prudent and investment friendly economic policies ... Read More »

Investment in energy sector of Pakistan is on rise: Abbasi

ISLAMABAD: Federal Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi Saturday said investment in the oil and gas sector of the country was on the rise. Talking to a private television channel, he said it was a good sign that a number of new companies were also aspiring to invest in the energy sector. He said that Pakistan would ... Read More »

Punjab Governor Rafiq says country’s economy improving

LAHORE: Governor Punjab, Rafiq Rajwana said that international rating agencies had declared that the country’s economy was improving and its effects were being trickling down to the masses. To a question, he said people demanded a new province when they faced problems. The new provinces were need of the hour as assembly resolutions for two new ones in South Punjab ... Read More »

SBP reduces interest rate to 7%

ISLAMABAD: The State Bank of Pakistan (SBP) Saturday announced monetary policy for next two months, by reducing the ceiling of interest rate corridor by 100 basis points from 8 to 7 per cent. SBP Governor Ashraf Mehmood Wathra made this announcement here at a press conference while the cenrtal bank’s board of directors meeting was in progress. SBP Deputy Governor ... Read More »

UK committed to long-term partnership with Pakistan: Nosheena

LAHORE: Member of UK House of Lords Baroness Nosheena Mobarik said on Saturday that British government is committed to a long-term, productive and friendly partnership with Pakistan. Talking to the Lahore Chamber of Commerce and Industries President Ijaz A. Mumta, she said the United Kingdom views Pakistan as a long-term strategic partner and would continue to support all its endeavours ... Read More »

FIA, PTA recovers grey traffic setup in joint raid

ISLAMABAD: Pakistan Telecommunication Authority (PTA) Rawalpindi and FIA on Saturday carried out successful raid and recovered grey traffic setup During the raid huge grey traffic setup was recovered from the house, says a press release. The international calls were terminated through IPs acquired from Nayatel and the same were routed through four PRIs acquired from a mobile company. However, no ... Read More »

NAB Multan files its first reference in Accountability Court

ISLAMABAD: The National Accountability Bureau (NAB) Multan has filed its first corruption reference in the Accountability Court Multan against a businessman Sheikh Zaka-ur-Rehman for cheating public at large. In this case, NAB received complaints against the accused person who is businessman from district Vehari for collection of Rs 22.9 million from public at large in the pretext of investment in ... Read More »

ANF recovers 23.9 kg charas; arrests three

RAWALPINDI: Anti-Narcotics Force (ANF) has recovered 23.9 kilogram charas by arresting three drug peddlers. According to the details, ANF, Rawalpindi in information based operation at Mullah Mansoor, GT Road, Attock, recovered 20 kg charas on intercepting a Toyota Hiace bearing Registered No. LES-8610, said a press release. A person named Noshad Khan, resident of Peshawar was also arrested during the ... Read More »

132 KV grid station made operational

MULTAN: Multan Electric Power Company has made 132 KV Man Kot grid station operational. According to Project Director Grid System Construction (GSC) Engineer Shahid Iqbal Chaudhry, the company has completed the grid station with cost of Rs 20.3 million under Prime Minister Package. However, two power stations of 10/13 MVA were installed in the grid station while two line (Bay) ... Read More »

Economic Corridor to ensure peoples’ prosperity in China, Pakistan: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Reform, Professor Ahsan Iqbal Saturday said that maximum benefits would be achieved from China-Pakistan Economic Corridor, undertaken by both the countries. Addressing an International Academic Symposium on China-Pakistan Economic Corridor held at Peking University in Beijing, the Minister said the bilateral cooperation would grow from strength to strength with the success of the ... Read More »

Dar meets delegation of KP Chamber of Commerce

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar here on Saturday met delegation of businesspersons and representatives of Khyber Pakhtunkhwa Chamber of Commerce, led by Senator Ilyas Bilour. The delegation emphasized grant of a new incentive package for Khyber Pakhtunkhwa in view of the economic difficulties arising due to the sensitive security situation that made the economy go sluggish. The delegation ... Read More »