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Author Archives: M Akram

Trump’s business ties to Russia stretch back more than 30 years, from big building projects to beauty pageants

Moscow : An earlier version of this story mischaracterized Donald Trump Jr.’s testimony to the Senate Judiciary Committee ?related to the timing of Trump Tower talks in Moscow. President Donald Trump’s interest in developing luxury real estate in Moscow stretches back decades, according to court documents, his public statements and interviews with Trump. Trump’s long-standing ties to Russia are back ... Read More »

Shipping activity at Port Qasim

KARACHI: Two ships C.V Maersk Memphis and M.T Miranda carrying containers and chemicals were allotted berths at Qasim International Container Terminal and Multi Purpose Terminal respectively on Tuesday. Meanwhile three more ships Mykonos, Al-Soor-II and Grand Ace-12 with Containers, Diesel oil and Palm oil arrived at outer anchorage of Port Qasim (PQ) during last 24 hours. Berth occupancy observed at ... Read More »

Dar lauds FBR officers 2014-15 performance, asks to do more

Urges for friendly attitude with taxpayers LAHORE: Federal Finance Minister Ishaq Dar said on Wednesday lauded the Federal Board of Revenue (FBR) tax officers for their performance in 2014 and 2015 regarding the tax collection. Addressing the tax officers in the FBR office here during his visit to the Lahore Customs House, he expressed his satisfaction over the FBR officers’ performance ... Read More »

Custom Adjudication DC issued ONO In favour of customs ASO Faisalabad

FAISALABAD: Customs adjudication Faisalabad Deputy Collector Asma Hameed has issued an Order in Original (ONO) in favour of the Customs Anti-Smuggling Organization (ASO) Faisalabad. As per details, ASO Faisalabad has confiscated imported Art silk cloth weighing 590 kilograms which was loaded in a bus. The seizing agency confiscated the smuggled Art silk cloth according to section 16, 18 of the ... Read More »

Pak- Russia IGC on Trade, Economic, Scientific Concludes

ISLAMABAD: The 4th meeting of the Pakistan-Russia Inter Governmental Commission (IGC) on Trade, Economic, Scientific and Technical Cooperation was held here from 18-20 November. Finance Minister, Mohammad Ishaq Dar led the Pakistan side while the Russian side was headed by the Viktor P. Ivanov, Minister / Director Federal Drug Control Services, Russian Federation who shared outcome of the 4th IGC ... Read More »

Port Melbourne carjacking leaves man critically injured

MELBOURNE: A man is in a critical condition after a carjacking at Port Melbourne on Wednesday night. Victoria Police Senior Constable Adam West said a man noticed another trying to steal his Volkswagen sedan from a parking bay on Bay Street about 8.30pm. “The victim, believed to be in his 30s, went to his car and tried to enter through ... Read More »

HHLA trims profit forecast on shrinking Hamburg container traffic

LONDON: Hamburg’s leading terminal operator, has downgraded its 2015 earnings forecast in response to declining traffic at Germany’s top container port. The company now expects an operating profit “in the region of” 150 million euros ($168 million), down from a previous forecast that it would match the 169.3 million euros booked in 2014. HHLA, which is listed on the Frankfurt ... Read More »

Port Hawkesbury Paper ruling could see mill paying millions in duty

HAWKESBURY: United States Commerce Department will release a significant decision on whether exports from the Port Hawkesbury Paper mill will have to pay duty of 20 per cent. The investigation flows from an unfair competition complaint brought under the North American Free Trade Agreement (NAFTA) by a few American mills. It sets the way to levy duties on supercalendered paper, ... Read More »

Yemeni port says first ship in weeks arrives, Saudi denies hampering aid by sea

YEMEN: Officials at Yemen’s Red Sea port of Hodeidah said the first ship to dock there in three weeks arrived on Tuesday, carrying desperately needed fuel, as Saudi Arabia denied it was obstructing aid supplies heading for Yemen by sea. Yemen is suffering what the United Nations has designated as one of its highest-level humanitarian crises but aid efforts have ... Read More »

Port of Los Angeles has failed to meet pollution-cutting measures

LOS ANGELES: The Port of Los Angeles has failed to carry out vital pollution-reduction measures it agreed to make after a legal settlement more than a decade ago, according to a document released by the port. In an environmental notice, the port revealed it has not completed 11 of 52 measures it agreed to impose to reduce air pollution, noise ... Read More »

Optimizing India’s port systems

NEW DEHLI: In this series, Sramana Mitra shares chapters from her book Vision India 2020, that outlines 45 interesting ideas for startup companies with the potential to become billion-dollar enterprises. These articles are written as business fiction, as if we’re in 2020, reflecting back on building these businesses over the previous decade. We hope to spark ideas for building successful ... Read More »

NY-NJ port’s truck replacement program shifts into gear

NEW YORK: After months of delay, the Port of New York and New Jersey is moving to break a truck-replacement deadlock that motor carriers say threatens their continued ability to serve the U.S. East Coast’s busiest port. Read More »

Government extends productivity reward scheme for port employees

NEW DELHI: The government today gave nod for extension of a scheme for payment of productivity-linked reward to port and dock employees to the current fiscal, a move that will benefit about 44,000 workers and officers. “The Union Cabinet chaired by Prime Minister Narendra Modi today gave its approval for extending the existing Productivity Linked Reward (PLR) Scheme for port ... Read More »

Jaguar Land Rover sales affected by blast at Chinese port of Tianjin

TIANJIN: Jaguar Land Rover’s sales fell in the second quarter of its financial year after business in China was affected by the slowing economy and a blast at the port of Tianjin which destroyed or damaged thousands of its vehicles. Sales in the three months to the end of September dropped by 1% to 110,200 vehicles despite strong trading in ... Read More »

Port of Los Angeles traffic up to highest August level in 9 years

LOS ANGELES: The Port of Los Angeles reversed two months of declining traffic to post a 3.8 percent increase in cargo for August from a year ago. The port handled a total of 786,677 20-foot equivalent units (TEUs) in August, the strongest August performance since 2006, when 790,726 TEUs moved through the port complex. The port’s cargo traffic fell 2.5 ... Read More »

Port expansions taking too long, say exporters

TAURANGA: The work that starts this week will widen the Port of Tauranga harbour entrance channel and deepen the shipping lane from 12.9 metres to 14.5m inside the harbour and to 15.8m outside. Dredging will allow ships to enter the port 50 percent more laden than existing vessels. But it took a four year legal battle to make this happen ... Read More »

Five major port operators collaborate to raise environmental awareness

ROTTERDAM: Five of the world’s largest port operators have launched in conjunction with the Port of Rotterdam Authority (PRA) the first ever joint industry environmental initiative of this magnitude. The initiative, called ‘Go Green’, is focused on promoting environmental awareness and make a sustainable difference in the communities in which the companies operate. The campaign, which will take place between ... Read More »

UN denounces bombing of Hodeidah Port in Yemen as breach of international law

YEMEN: The UN has condemned Saudi coalition airstrikes on the Port of Hodeidah in Northern Yemen, which have resulted in the port’s closure while the country is threatened by famine. In a statement to the UN Security-Council, Stephen O’Brien, the UN’s under secretary-general for humanitarian affairs, said: “These attacks are in clear contravention of international humanitarian law and are unacceptable.” ... Read More »

General Motors India appoints Swati Bhattacharya as VP Communications

NEW DELHI: General Motors India has announced the appointment of Swati Bhattacharya as vice president of Communications and Pankaj Gupta as vice president of Government Relations and Public Policy. Both appointments are effective September 10, 2015. “When we recently announced a new $1 billion investment strategy for the Indian market, we highlighted that new people will join General Motors to ... Read More »

FBR collects over Rs 268 billion in September, over Rs 600 billion in Q1

ISLAMABAD: During the month of September, 2015, according to the provisional figures received so far, FBR has made a net collection of more than Rs. 268 billion, as against net collection of Rs. 228 billion made last year showing an increase of 17.5 percent. It is expected that the final collection would further increase when the final figures are received. ... Read More »