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LNG sector seeks help from policymakers

ISLAMABAD: Shahid Rasheed Butt, the patron-in-chief of the Islamabad Chamber of Small Traders, has expressed deep concerns over the LNG policy. In an interview, he said that the LNG policy is creating hurdles for transport sector which must be taken seriously by the policymakers. He further said that minor changes in the LNG policy could help country reduce energy shortage and save ... Read More »

Sources claim clearance of scrap consignments without examination

KARACHI: It is revealed that imported consignments of scrap are being cleared without any examination process at Port Qasim Collectorate. Sources told Customs Today that the clearance of scrap consignments are being conducted since 2008. The officials at the Port Qasim Collectorate are clearing the consignments by using FCLD. According to the Customs Act, it is necessary to examine the consignment of scrap through LCL ... Read More »

Chinese trade team visits ICCI to explore business collaborations‏

ISLAMABAD: A large delegation of Chinese companies led by Mike Wang visited Islamabad Chamber of Commerce and Industry to explore business collaborations with Pakistani counterparts. The Chinese companies were representing various sectors including manufacturers of automobiles and auto parts, security systems including bio-metric solutions, construction machinery, power generation equipment, water purification equipment and solid waste management systems etc. Speaking at ... Read More »

Multan Customs revises rebate on import of raw material on FBR directions

MULTAN: The Model of Customs Collectorate Multan has received the revised rebate tariff from the Federal Board of Revenue (FBR). Sources told Customs Today that the FBR has revised the rebate payments schedule after comprehensive recommendations on expansion of local industry. The FBR has also increased the repayment rate of customs duty on imported raw materials, which are planned for manufacturing and ... Read More »

Germany agrees to provide €60m for IDPs, Hydropower

ISLAMABAD: The German Deputy Development Minister, Thomas Silberhorn, who is on a two-day visit to Pakistan, has signed three agreements worth €60 million for IDPs and Hydrocarbon projects. Finance Minister Ishaq Dar and Deputy Minister Silberhorn signed three agreements comprising €60 million under German development cooperation for Pakistan. The agreements consist of a €10 million grant for the rehabilitation for ... Read More »

NAB Karachi moves LHC for Qasim Zia’s physical remand

LAHORE: The National Accountability Bureau (NAB)  Karachi on Thursday approached the Lahore High Court (LHC), seeking physical remand of Pakistan Peoples Party (PPP) leader Qasim Zia. Qasim Zia is already in jail on judicial remand as he was arrested by NAB Punjab last month in Usman Securities fraud case. During the hearing at the LHC, the NAB officials requested the ... Read More »

Deputy Director Lubna Shamshad nominated as counsel to facilitate bereaved families

ISLAMABAD: Directorate General of Post Clearance Audit Islamabad nominated Deputy Director Lubna Shamshad as counsel for package to the families of deceased employees of Directorate General of Post Clearance Audit Islamabad. According to details, Directorate General of Post Clearance Audit issued letter no. C.No.1(8)S(w)07 in regard of in service death of employees. In the letter, it is directed that Deputy ... Read More »

LCCI-LSE launches Business Confidence Report

LAHORE: Business confidence in Pakistan soared in 2015 as both the investments and revenues registered surge during this period. It is revealed in the LCCI-LSE Business Confidence Report launched here at the Lahore of Commerce and Industry. LCCI president Ijaz A. Mumtaz, former presidents Bashir A. Baksh, Mian Muzaffar Ali, Rector Lahore School of Economics Shahid Chaudhary, Dean of Economics ... Read More »

Customs launches anti-money laundering campaign

KARACHI: The Customs authorities have launched anti-money laundering campaign at all airports of the country after which through body search of passengers is being conducted. Sources told Customs Today that the Customs authorities received credible information that some smugglers are using different ways to smuggle foreign currency for which they are using shoes and under garments. Sources further said that during ... Read More »

Customs Tribunal Chairman Ghulam Murtaza leaves for Lahore

ISLAMABAD: Customs Appellate Tribunal (CAT) Chairman, Ghulam Murtaza Bhatti left for Lahore after completing hearing of cases of imperative nature couple of days ago. Chairman would hear cases in as single and head of division bench in Lahore for four days. According to details, Ghulam Murtaza Bhatti is likely to leave for abroad before Eid vacation. The chairman is likely ... Read More »

Southern Ocean become large sink of massive greenhouse gases, study

WASHINGTON: A new study found that the Southern Ocean has become a large sink of massive greenhouse gases after it was previously known to have wane down its carbon contents during the early 2000s. According to the researchers, it has been housing 1.2 billion tons of carbon since 2011, putting risks on marine life and environment. Previous studies have found ... Read More »

Juneau Chamber of Commerce’s luncheon as candidate forum

ALASKA:The Juneau Chamber of Commerce’s luncheon will serve as a candidate forum for the Juneau School Board. Doors open at 11:30 a.m. and the event will begin at noon in the Alaska Room at the Juneau International Airport.The candidates featured are Jason Hart, Josh Keaton, Emil “Robert” Mackey, Jeff Redmond and incumbent Andrea “Andi” Story.The cost to attend is $20 ... Read More »

Arcata Chamber plans to close California Welcome Center

CALIFORNIA:The Arcata Chamber of Commerce’s board of directors voted this to close the California Welcome Center.In June, the chamber announced that without help the California Welcome Center, located at 1635 Heindon Road in Arcata, would have to close its doors. The center is one of 19 in the state and has been operated by the chamber for the past 15 ... Read More »

ECC allows import of 50,000 tons of gram pulse

ISLAMABAD: The Economic Coordination Committee of the Cabinet in its meeting chaired by Finance Minister, Mohammad Ishaq Dar accorded approval in principle for import of 50,000 tons of gram pulse in view of hike in its price due to shortage in the local market. TCP will carry out the import. While according approval to Ministry of Food Security’s proposal with ... Read More »

King Abdullah Port in global spotlight

JEDDAH: In response to an invitation from Economic Cities Authority (ECA) Secretary General Mouhanad Hilal to Saudi Ports Authority (SPA) Head Nabil Al-Amoudi, a delegation of senior SPA officials visited King Abdullah Port (KAP) at King Abdullah Economic City (KAEC). Led by Al-Amoudi, the visitors included Captain Abdullah Al-Zamei, GM of Jeddah Islamic Port, and Naeem Alnaeem, GM of King ... Read More »

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