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Author Archives: CT Report

LCCI demands revamping of loss-making PSEs

LAHORE: The Lahore Chamber of Commerce and Industry demanded of the government to run all Public Sector Enterprises (PSEs) under Public-Private partnership as majority of public entities have failed to deliver desired results. According to a statement issued here, the LCCI president Sheikh Muhammad Arshad, senior vice president Almas Hyder and vice president Nasir Saeed said that government would have ... Read More »

FBR makes major reshuffle in Inland Revenue

ISLAMABAD: Following major reshuffle in the FBR at top level, the tax machinery on Thursday made second tier transfer/postings at important stations of revenue spinners in order to make efforts for maximising tax collection in the current fiscal year. The newly appointed FBR Chairman Nisar Mohammad Khan, who belongs to Customs group, made first changes at different important positions in ... Read More »

EAD signs Financing Agreement of $500m with World Bank

ISLAMABAD: Government of Pakistan (Economic Affairs Division) and World Bank signed the Financing Agreement of US$ 500 million for Second Power Sector Reforms Development Policy Credit (DPC) here Friday evening. The Financing Agreement was signed by Tariq Bajwa, Secretary, Economic Affairs Division (EAD) on behalf of the Government of Pakistan, while Patchamuthu Illangovan, Country Director World Bank signed the agreement ... Read More »

LCCI seeks early solution of withholding tax dilemma

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) sought help of Prime Minister Nawaz Sharif for early resolution of withholding tax on banking transaction. According to a statement, the LCCI president Sheikh Muhammad Arshad said that issue of withholding tax on banking transactions is causing trust deficit between the government and the business community. Sheikh Muhammad Arshad said that ... Read More »

ANF seized mega cache of Hashish weighing 4.2 ton from Qilla Abdullah

ISLAMABAD: ANF while conducting 7 operations against drug trafficking seized huge cache of drugs comprising 4.2 Ton Hashish, 1 Kg Heroin, Heroin Filled Capsules and 600 Gram Ice (Amphetamine), while arrested 7 persons and impounded 2 vehicles. ANF Quetta while carrying out a successful intelligence led operation, seized 4218 Kg Hashish from desolate site in Tehsil Gulistan, District Qilla Abdullah. ... Read More »

Fisheries: neglect in curbing malnutrition in Pakistan

By Nadia Nazish and Khalid Abbas Department of Zoology, Wildlife and Fisheries, University of Agriculture, Faisalabad   FAISALABAD: The fisheries resources play a significant role in economic welfare, income generation, employment and food security of a country. Global fish production was recorded 82.6 million tonnes in 2011 and 79.7 million tonnes in 2012. Worldwide average per capita fish consumption was ... Read More »

LCCI vows to support govt on Kalabagh issue  

LAHORE: Rising population graph can give birth to severe food security challenges in near future therefore we have to build kalabagh dam at any cost as it would bring huge part of land under cultivation which is currently lying idle due to lack of water. In a statement issued here, the LCCI president Sheikh Muhammad Arshad, SVP Almas Haider and vice ... Read More »

Tax experts want new FBR chairman from Tax Group

LAHORE: Federal Board of Revenue (FBR) should immediately stop negative tactics like property seal and seizing of accounts of taxpayers to meet its revenue targets. Such acts of FBR are hampering business atmosphere in the country. These views were expressed by the former Secretary of Lahore Tax Bar (LTB) and presidential candidate Amir Qadeer while addressing a gathering of the ... Read More »

Model Ayyan Ali finally indicted in currency smuggling case

RAWALPINDI: A special customs court in Rawalpindi on Thursday finally indicted model Ayyan Ali in the currency smuggling case, over eight months after her initial arrest from the airport with an undeclared half-a-million dollars in cash. Ayyan Ali was arrested from Islamabad’s Benazir Bhutto International Airport on March 14 with USD 500,000 and was accused of attempting to illegally take ... Read More »

FCCI for construction of Kalabagh dam to meet future needs

FAISALABAD: Faisalabad Chamber of Commerce and Industry (FCCI) President Chaudhary Muhammad Nawaz said that construction of Kalabagh Dam and other dams to meet its future needs of water and electricity. He was addressing a seminar on “Best Water Management Practices for Textile and Sugar Industry.” The seminar was organized by World Wide Fund Pakistan (WWF-P) in collaboration with Cleaner Production ... Read More »

Ishaq Dar launches ‘Islamic Index’ at KSE

KARACHI: Finance Minister Mohammad Ishaq Dar visited the Karachi Stock Exchange (KSE) on Wednesday where he presided over the opening bell ceremony to celebrate launching of All Shares Islamic Index. The Index was developed by a panel of experts representing State Bank of Pakistan, Securities and Exchange Commission of Pakistan, Mutual Funds Association of Pakistan, Meezan Bank Limited and Karachi ... Read More »

Traders call for repair of broken roads to facilitate business activities‏

ISLAMABAD: The local industrialists in a meeting at Islamabad Chamber of Commerce and Industry have appealed to the Prime Minister of Pakistan to take notice of broken roads in industrial areas due to which business activities were badly suffering and issue instructions to CDA for their urgent repair to facilitate smooth growth of industrial activities. Atif Ikram Sheikh president, Sheikh ... Read More »

17 members Chinese delegation visits LCCI

LAHORE: Pakistan is rapidly gaining the status of hub of trade and economic activities due to liberal economic policies of the present regime and days are not far when Pakistan will be top priority of the foreign investors. This was stated by the LCCI President Sheikh Muhammad Arshad while addressing a 17-member Chinese delegation, led by Executive Vice Chairman of ... Read More »

SCCI formulates special committee to help earthquake victims

SIALKOT:  Sialkot Chamber of Commerce and Industry (SCCI) has formulated a special committee headed by Dr. Khurram Anwar Khawaja (former SCCI) president to generate maximum donations for the help of the devastating earthquake victims of Gilgit-Baltistan and Chitral. SCCI President Maj (Rtd) Mansur Ahmed told the newsmen that the SCCI has set a target of Rs. 10 million donations for ... Read More »

Multan Customs Intelligence impounds Prado jeep worth Rs 2.5m

MULTAN: Customs Intelligence Field Investigation Unit (FTO) Sadiqabad impounded a non-duty paid jeep worth Rs 2.5 million during a routine activity on Wednesday. According to the details, the customs officials intercepted a Prado jeep and asked the driver to show the documents showing legal import of the vehicle. After checking, the documents were found faked so the customs officials seized ... Read More »

Sialkot Chamber of Commerce celebrates Iqbal day

SIALKOT: President Sialkot Chamber of Commerce and Industry (SCCI) Maj (Rtd) Mansur Ahmed has said that the teachings of Allama Iqbal are like a beacon of light to maintain tolerance, peace and stability in the society.  He said that youth of the nation should transform themselves into Iqbal’s philosophy and strive for self reliance within own resources and emphasized austerity ... Read More »

Govt fully support Islamic finance says Ishaq dar

KARACHI: Finance Minister Mohammad Ishaq Dar said here Wednesday that the Government has been committed to promote Islamic finance ever since it assumed office and that he is pleased to learn the progress made by the Steering Committee on Promotion of Islamic Banking. The Minister stated this while attending the meeting of the Steering Committee at the State Bank of ... Read More »

Customs collects duty

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Customs submits challan in court

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Customs Adjudication issues notice

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