Wednesday , November 20 2019
Breaking News
Home / Author Archives: CT Report (page 5)

Author Archives: CT Report

China stands firm on demand US lifts tariffs to reach trade war deal

China is sticking firm to its demand that the US remove tariffs as talks on an interim trade deal continues, the Ministry of Commerce said on Thursday. Ministry spokesman Gao Feng said the trade war between the two nations started with the imposition of tariffs and it should end with their removals. “That is the important condition for reaching the ... Read More »

FBR releases tutorial videos on income tax filing to facilitate taxpayers

ISLAMABAD: Federal Board of Revenue (FBR) has released tutorial videos on Income Tax Returns Filing to facilitate the taxpayers. According to the press statement issued here, Facilitation and Taxpayers Education Wing of FBR has prepared these videos, which have been uploaded on the Urdu and English version of its official website social media. The videos contain step by step easy ... Read More »

IFC supports Super Six wind projects to spur renewable energy

ISLAMABAD: IFC, a member of the World Bank Group, has led the financing of a first-of-its-kind program to build six wind power projects in Pakistan, named the Super Six, with a total investment of US$450 million, to help deliver cleaner, cheaper power to meet the country’s critical demand for energy and reduce reliance on expensive imported fossil fuels. In a ... Read More »

Pakistan Stock Exchange gains 825 points

ISLAMABAD: Pakistan Stock Exchange (PSX) Monday noted bullish trend as KSE 100 index closed at 36,803 points with the positive change of 825 points (2.24%). A total of 210,573,470 shares were traded compared to the trade of 181,945,210 shares during the previous day, whereas the value of shares traded during the day stood at Rs7.78 billion. Total 355 companies’ transacted ... Read More »

D.G. Khan Cement aims to to become country’s largest cement producer

DERA GHAZI KHAN: D.G. Khan Cement Co. is aiming to become the country’s largest cement maker by expanding capacity by 12,000 tonnes a day. Business tycoon Mian Muhammad Mansha’s company has sought permission from the provincial government to boost its current facility. Javed Iqbal Malik, a senior economic adviser at Punjab province’s industries department confirmed getting the letter but did ... Read More »

Oil up 1pc on US crude stocks fall, OPEC comments on shale growth

LONDON: Oil rose on Thursday after industry data showed a surprise drop in US crude inventories, while comments from OPEC about lower-than-expected US shale production in 2020 also provided some support. Prices were capped by mixed signs for oil demand in China, the world’s biggest crude importer. Industrial output rose more slowly than expected in October, but oil refinery throughput ... Read More »

IFC supports Super Six wind projects to spur renewable energy

ISLAMABAD: IFC, a member of the World Bank Group, has led the financing of a first-of-its-kind program to build six wind power projects in Pakistan, named the Super Six, with a total investment of US$450 million, to help deliver cleaner, cheaper power to meet the country’s critical demand for energy and reduce reliance on expensive imported fossil fuels. Adviser to ... Read More »

IFC supports Super Six wind projects to spur renewable energy

ISLAMABAD: IFC, a member of the World Bank Group, has led the financing of a first-of-its-kind program to build six wind power projects in Pakistan, named the Super Six, with a total investment of US$450 million, to help deliver cleaner, cheaper power to meet the country’s critical demand for energy and reduce reliance on expensive imported fossil fuels. Financing agreements ... Read More »

KPT shipping intelligence report Nov 15

KARACHI: The Karachi Port Trust (KPT) issue the following shipping report for the last 24 hours, ending 0700 hours on Friday. ALONG SIDE (Bulk Oil Pier) OP-II Sunray D. Mogas GAC 13/11/19 ALONG SIDE (East Wharves): 1 Stolt Commitment L. Ethanol East Wind 12/11/19 2 Seastar D. Chemical East Wind 14/11/19 4 Baltic Leopard D. DAP Bulk-SH. 13/11/19 5 Athos ... Read More »

Pakistan ready to give maximum facilities to ECO states: Sindh governor

KARACHI: Sindh Governor Imran Ismail assured, on behalf of Government of Pakistan, that the government would extend all possible support and facilitation to the ECO member countries for making this block as a strong economic corridor of the world. ” Here, I am speaking on behalf of my Prime Minister Imran Khan. I assure you, the Prime Minister is committed ... Read More »

Foreign investment in govt securities surpasses $711m

ISLAMABAD: Foreign investment in government securities has exceeded $711 million since the beginning of the current fiscal year as the country saw an inflow of an unprecedented level on high interest rates and exchange rate stability. However, analysts say this reserve build-up process is choking growth. Foreign investment in treasury bills reached a new high of $267 million between November ... Read More »

Mother-in-law of senior journalist Mubarak Zaib Khan passes away

ISLAMABAD: Senior journalist, ex-president Rawalpindi-Islamabad Union of Journalists (RIUJ) and senior staff reporter of Daily Dawn Mubarak Zaib Khan’s mother-in-law passed away (inna lillah wa inna ilahi rajioon). Her Namaz-e-Janaza will be offered after Asr payers at Street No. 50, Margalla Town, Phase-2, Islamabad (today). Large number of journalist community of twin cities and members of Islamabad and Rawalpindi Union ... Read More »

ADB seeks comprehensive policy for logistics industry

ISLAMABAD: The Asian Development Bank, in a report measuring and evaluating facilitation of trade along the Central Asia Regional Economic Cooperation (Carec) nations, identified major inefficiencies in Pakistan’s border trade costs and procedures. The ADB’s Carec corridor performance report pointed out that the dwell time in Karachi seaports averaged five to seven days for containerised goods bound for Afghanistan, with ... Read More »

RCCI & RWMC join hands to waste free Rawalpindi

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) and Rawalpindi Waste Management Company (RWMC) will work together to make the city clean and waste free. Both organizations will make close liaison for improving the civic life of the residents and shared suggestions and recommendations for cleanliness drives, activities and plans under Glorious Rawalpindi project. This was stated by Awais ... Read More »

Sindh establishes dedicated doing business reforms unit

KARACHI: Sindh government has established a dedicated Doing Business Reforms Implementation Unit (DBRIU) in Sindh Investment Department to ease, improve and enforce further reforms in starting, running and promoting business in the province. According to media, the unit will coordinate with all the government functionaries, private sector organisations and all other related business stakeholders so that anyone who wants to ... Read More »

CCoP okays privatization of SME Bank, PIA Investment Limited

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) in its meeting held with Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Friday, did not agree to the proposal from EERA for delisting of its 17 properties from the 32 assets being processed for sale by Privatisation Commission and also directed expediting the pace of work on ... Read More »

Trade deficit falls 34pc to $7.77b during first four months of FY2019-20

ISLAMABAD: The country’s trade deficit fell by 34 per cent in the first four months of current fiscal year led by a paltry growth in exports and a double digit decline in imports of non-essential products. According to data released by the Pakistan Bureau of Statistics (PBS) showed that trade deficit in the first four months dipped to $7.77 billion ... Read More »

PIA & Etihad Airways relaunch code-share partnership

ISLAMABAD: Pakistan International Airlines (PIA) and Etihad Airways renewed the code-share agreement, allowing passengers access to each airlines routes. A PIA spokesperson said that under the code-share partnership, the customers of the national flag carrier could also travel on the flights of Etihad Airways across the globe. In return, PIA will facilitate the passengers of Etihad Airways on Abu Dhabi-Pakistan ... Read More »

Quetta Customs recovers huge quantity of Boostin injections

QUETTA: Collectorate of Customs staff deputed at Quetta International Airport has seized large quantity of milk-enhancement hormone injections for cattle; import of these hormones is prohibited in Pakistan. Sources told that Collector Customs Preventive Iftikhar Ahmed received credible information about smuggling of hormones injection. He constituted a team under the supervision of Additional Collector Yasir Wahab which also included Deputy ... Read More »

PSX closes in green amid range-bound trading

KARACHI: The Pakistan Stock Exchange (PSX) ended a range-bound session on Thursday slightly positive. Foreign investors closed as net buyers for the sixth consecutive session on Wednesday with a net inflow of $1.80 million. The KSE-100 Index recorded its intraday high at 37,507.02 after gathering 340.06 points. It then slid to its intraday low at 37,130.01 after shedding 36.95 points. ... Read More »