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Author Archives: CT Report

Afghanistan likely to issue multiple visas to Pak business community

Khurram briefs NA on measures to boost Pak-Afghan trade ISLAMABAD: Minister for Commerce Khurram Dastgir Khan Monday informed the National Assembly about the measures to boost trade with neighboring Afghanistan as part of the present government’s policy of shared prosperity. “Both the countries are moving forward to boost trade and materialize the vision of Prime Minister Nawaz Sharif and Afghan ... Read More »

NTDC connects FWEL Wind project of 50MW with National grid station

ISLAMABAD: National Transmission and Dispatch Company Limited (NTDCL) has connected another wind power plant with national grid by installing 9.5 Km long, 132 kV double circuit transmission line in sea area of Gharo Wind Cluster. The spokesman said that 50 MW electricity generated by Foundation Wind Energy Limited (FWEL-I) has been added to the system. “NTDC has constructed more than ... Read More »

Govt. to set up task force to facilitate foreign investors: DAR

Dar says government to avoid borrowing from banks KARACHI: Federal Minister for Finance and Economic Affairs, Senator Muhammad Ishaq Dar said that the government has decided to form a task force for facilitating foreign investors in meeting all requirements to set up an industry or start a business besides ensuring their security. He said Pakistan Muslim League (N) government gives ... Read More »

Govt. to provide relief to farmers in next budget: Bosan    

LAHORE: Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan has said that government is planning to provide maximum relief to farmers in the next budget. The minister said that more than 65 percent population and 45 percent labour in Pakistan was attached with agriculture sector which shares 22 percent to GDP but over production of rice ... Read More »

Four ships carrying cement, coal and diesel reaches Pakistan

Shipping activity at Port Qasim KARACHI:  Four ships carrying cement, general cargo, coal and diesel oil were berthed at Multi Purpose Terminal and FOTCO Terminal respectively, port sources said here Monday. Two more ships carrying containers and furnace oil also arrived at the outer anchorage of Port Qasim during the last 24 hours. Berth occupancy was 75 percent at the ... Read More »

International conference on ‘Agricultural Financing’ to be organized on April 28-29

ISLAMABAD: Food and Agriculture Organization (FAO) of the United Nations and the State Bank of Pakistan (SBP) are jointly organizing a two-day International Conference on Innovative Agricultural Financing scheduled on April 28-29 here. The conference aims to discuss innovative strategies and solutions to increase outreach of agriculture credit to small farmers, and also highlight opportunities at the high -end of ... Read More »

CM Shahbaz Sharif appreciates TDAP’s efforts to boost exports  

TDAP’s chief meets CM Punjab on Monday ISLAMABAD: The Chief Executive Trade Development Authority of Pakistan (TDAP), S.M. Muneer met Chief Minister Punjab, Muhammad Shahbaz Sharif on Monday and apprised him about the activities of the Trade Development Authority of Pakistan. He told the Chief Minister that he was trying to bring in the corporate culture in this only Government’s ... Read More »

Accountability court summons Zardari on May 5    

RAWALPINDI: Former President and Co-Chairperson of Pakistan Peoples Party Asif Ali Zardari has been summoned to appear before the National Accountability Court here on May 5. The summons were issued by the Accountability court of Khalid Mehmood Ranjha on Monday after re-opening of mis-declaration of assets’ case against the former president according to which he had allegedly failed to submit ... Read More »

KPT shipping movement report

KARACHI: Following were the movement of ships at Karachi Port during the last 24 hours, ending at 0700 hours on Monday. SHIPS SAILED: Cosco Osaka Cont Cosco Kawasaki Cont Gema Tanker Sudair Cont Stove Trader G.C M.T Karachi Tanker Royal Emerald Tanker IVS Naruo Coal Al Mahboobah Tanker Commordore Cont SHIPS BERTHED: Al Mahboobah Tanker Trident Star Tanker Royal Emerald ... Read More »

Rana Tanveer inaugurates “D-8 Experts Group Meeting on Halal Sector Development”

ISLAMABAD: Federal Minister for Science and Technology Rana Tanveer Hussain on Monday inaugurated the two-day long “D-8 Experts Group Meeting on Halal Sector Development”. Participants from Egypt, Turkey, Malaysia, Indonesia, Bangladesh, Nigeria, Iran and Pakistan are participating in the Expert Group meeting. In two-day long meeting experts will focus on increasing the trade in Halal Sector amongst the D-8 countries ... Read More »

CM Punjab for sale of quality essential items at fixed rates

LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has said that it was the responsibility of concerned institutions to ensure sale of quality essential items at fixed rates. Addressing the meeting of Provincial Price Control Committee at Civil Secretariat through video link here on Saturday, he said that due to the steps of Punjab government for reducing ghee prices, not only ... Read More »

Minimum pension of EOBI pensioners raised by 46 percent

ISLAMABAD: The Federal Government Saturday enhanced minimum pension of Employees Old Age Benefit Institution (EOBI) pensioners by 46 per cent from Rs 3,600 to Rs 5,250 per month effective from April 1 this year. Addressing a press conference here, Minister for Finance and Economic Affairs Mohammad Ishaq Dar said Prime Minister Muhammad Nawaz Sharif, who was in London, had given ... Read More »

PBIT, Qiangdao Beureau of Commerce sign MoU to enhance economic ties 

LAHORE: A Memorandum of Understanding (MoU) was signed between Punjab Board of Investment & Trade (PBIT) and Qingdao Municipal Government China to formalize the economic ties here on Saturday. PBIT CEO Mohammad Ilyas Ghauri and Vice Director of Qiangdao Beureau of Commerce, Chunyu Xianli signed the MoU, when a Qingdao Municipal Government delegation led by Liu Mingjun, Vice Mayor of ... Read More »

wheat to be purchased from farmers transparently: Shahbaz    

LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has inaugurated wheat harvesting campaign-2015 at village Warah Malik Shah Muhammad Awan adjacent to Lahore here on Saturday. The chief minister launched wheat harvesting campaign by cutting the crop through a traditional sickle and also harvested wheat by driving harvester. After the inauguration of wheat harvesting campaign, he while addressing a gathering of ... Read More »

Dar releases funds of Rs 5billion for USF Tele-centers   

ISLAMABAD: Federal Minister for Finance, Senator Mohammad Ishaq Dar here on Saturday approved release of fund of Rs 5 billion for USF Tele-center Projects throughout Pakistan. The Minister also simultaneously ordered release of Rs 5 billion from federal consolidated fund (FCF) for the USF project. In addition Rs 1 billion would also be released for the R&D projects. The Finance Minister ... Read More »

Dar urges all political parties to support CPEC

ISLAMABAD: Finance Minister Ishaq Dar said the the China-Pakistan Economic Corridor (CPEC) was a project of national importance which showed confidence of the Chinese President and people in the leadership and policies of Prime Minister Nawaz Sharif. “It is the responsibility of all political parties to demonstrate maturity and support the project in the larger national interest as the enemies ... Read More »

Faisalabad most lucrative city for Turkish investment: DCO

FAISALABAD: Faisalabad is one of the most lucrative cities for Turkish investment as the recent measures taken for its infrastructural development will make this city as an engine of the national economic growth within next couple of years. This was stated by DCO Noorul Amin while addressing the members of the Turkish Delegation that visited the FCCI here on Saturday. ... Read More »

Pakistan wants early completion of TAPI gas pipeline project: Mamnoon

ISTANBUL: President Mamnoon Hussain on Friday said that Pakistan was giving high priority to the timely completion of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. He stated that the project was not only cost effective for all countries concerned but also provided an opportunity for enhancing bilateral cooperation between Pakistan and Turkmenistan. The President said this in a meeting with President of ... Read More »

Chinese investment to bring economic stability: Ahsan      

FAISALABAD: Federal Minister for Planning, Development and Reforms Ahsan Iqbal Friday said that Chinese investment of US $ 45 billion will play a positive role in bringing economic progress and development in the country and it would also encourage other countries to invest in Pakistan. Addressing the members of Faisalabad Chamber of Commerce and Industry (FCCI) here, he said that ... Read More »

Pakistan’s economy turning around; inflation at 13-years low: PM 

LONDON: Prime Minister Muhammad Nawaz Sharif on Friday said that with inflation at 13-year low in Pakistan, improved GDP growth and high forex reserves, the country’s economy was turning around. Talking to newsmen after his arrival here on the invitation ofBritish Prime Minister David Cameron, he also mentioned the reduction in the prices of petroleum products, causing slash in the ... Read More »