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Author Archives: CT Report

Pakistan’s inclusion in the Amazon list will boost exports: NKATI

KARACHI: Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), while welcoming the inclusion of Pakistan in the seller list by the world-renowned online retail company Amazon, termed the move of the present government as excellent, stated that the business community appreciates the efforts of Prime Minister Imran Khan and Abdul Razak Dawood,  Adviser for Commerce & ... Read More »

Multan Customs E&C employees to perform special duties during Eid-ul-Fitr holidays

MULTAN: Collectorate of Customs Enforcement and Compliance (E&C) assigned special duties to employees at Customs House during Eid-ul- Fitr holidays. The administration branch of the Collectorate finalized duty roaster of employees for holidays of Eid-ul-Fitr. Deputy Collector Multan Customs collectorate Muhammad Faizan Badar has assigned duties to Customs employees in 14 shifts at Customs House Multan to run their necessary ... Read More »

RCCI inks MOU with Ladies Lounge to create opportunities for women entrepreneurs

RAWALPINDI: A memorandum of understanding (MoU) was signed between the Rawalpindi Chamber of Commerce & Industry (RCCI) and the Ladies Lounge aiming to create opportunities for women entrepreneurs. Under the agreement, RCCI and Ladies Lounge will engage in close cooperation to facilitate and empower women members of RCCI for the platform to connect in Business-to-Business (B2B) and Business-to-Consumer (B2C) meetings. ... Read More »

Multan I&I assigns special duties to employees on Eid-ul-Fitr

MULTAN: Directorate of Customs Intelligence and Investigation –FBR has assigned special duties to employees for preventing smuggling on Eid-ul-Fitr. According to details, Director of Customs Intelligence and Investigation has deployed employees in the field intelligence unit to restrain any attempt of smuggling. Smugglers will try to transport smuggled goods and vehicles on Eid-ul –Fitr occasion. Assistant Director Customs Intelligence and ... Read More »

Pakistan exports to EU increase by $1.1b in last 10 months

ISLAMABAD: Adviser to Prime Minister on Commerce and Investment , Abdul Razak Dawood said that Pakistan exports to European Union (EU) countries increased by $ 1.1 billion during last 10 months of current Fiscal Year 2020-21. The increased by 17.4 percent to $ 7.474 billion as compared to $6.367 billion in July to April 2020, the Adviser said this on ... Read More »

Pakistan-Uzbekistan transit trade marks historic launch

ISLAMABAD: Project for Pakistan and Uzbekistan transit trade and export goods to Pakistan through the territory of Afghanistan launched on Tuesday in Islamabad. According to the statement issued by the Ministry of Commerce, the Embassy of Uzbekistan in Pakistan together with Pakistani transport company “Best Trans Pvt. Ltd.” and Uzbek freight forwarding company “Asad Trans” for the first time implemented ... Read More »

Tax fraud cases should be investigated through special directorate: MTBA

MULTAN: Multan Tax Bar Association (MTBA) discussed sales tax matters at a pre-budget seminar and recommended that tax fraud cases should be investigation through a special directorate. Members of Multan Tax Bar Associations (MTBA) in the pre-budget seminar discussed various issues pertaining to sales tax laws. They highlighted the issue where jurisdiction for audit and adjudication of cases involving tax ... Read More »

3,600 hoarded wheat sacks recovered in Punjab

KASUR: The Punjab government continued its crackdown on hoarding of wheat in the province and recovered as many as 3,600 hoarded wheat sacks in Phool Nagar, an area in Punjab’s Kasur district. In line with the government’s efforts to tighten the noose against smugglers and hoarders, the local administration of Kasur’s Phool Nagar seized 3,600 thousand hoarded wheat bags in ... Read More »

Output of LCVs increase 30.21pc in 3 quarters of FY21

ISLAMABAD: The production of Light Commercial Vehicles (LCVs) has witnessed 30.21 percent increase during the first three quarters of the financial year 2020-21 against the output of the same period of last fiscal year. As many as 14,334 LCVs were manufactured during July-March (2020-21) as compared to the production of 11,008 LCVs manufactured during July-March (2019-20), showing growth of 30.21 ... Read More »

Govt committed to provide conducive environment to private sector: PM Imran

ISLAMABAD: Prime Minister Imran Khan stressed upon active participation of private sector in the development process of the country saying that government is fully committed to provide conducive environment to the private sector. Presiding over a meeting to review pace of work on different public-private partnership projects being carried under Public Sector Development Programme in Islamabad, he said keeping in ... Read More »

DC Inamullah Wazir’s Customs JIAP foils bid to smuggle heroin from Peshawar to UK worth Rs19m

KARACHI: Collectorate of Customs Jinnah International Airport (JIAP), International Mail Office, recovered 1 kilo and 980 grams of fine quality heroin which was tactfully hidden in a parcel destined for Birmingham United Kingdom. The parcel was booked from Peshawar. The market value of recovered heroin is Rs19 million in international market. Sources told Customs Today that Collector Customs Irfanur Rehman ... Read More »

LEAs fail to curb crime in the SITE area

KARACHI: Abdul Hadi, President, SITE Association of Industry, while expressing deep concern over the rising crime rate in Karachi’s largest and oldest SITE industrial area, appealed to Sindh Chief Minister Syed Murad Ali Shah, IG Sindh Mushtaq Mehar and Karachi Police Chief Imran Yaqoob Minhas to take serious notice of factory robberies, snatching, stealing of equipment’s from parked cars in ... Read More »

RCCI welcomes inquiry report on Ring Road and urges for early completion of project

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has welcomed the completion of the inquiry report of the Rawalpindi Ring Road project and alleged cost increase and changes in the plan. In a statement, President RCCI Nasir Mirza said, “We demand that immediate action be taken against the elements for whom these alleged changes have been made and that ... Read More »

KCAA lauds customs clearance during Eid holidays

KARACHI: Karachi Customs Agents Association (KCAA) has appreciated the measures taken by the tax authorities for smooth customs clearance during Eid holidays. In a statement, the KCAA stated that the customs field formations at Karachi Ports  observed normal working hours on May 8 h 2021 and remained open on 10th and 11th May in order to facilitate the trade and ... Read More »

PQA allocates Rs50m for Port Qasim dock workers: Ali Zaidi

ISLAMABAD: Port Qasim Authority (PQA) has allocated an amount of Rs. 5 coror for the Port Qasim Dock (PQD) workers. Minister for Maritime Affairs Ali Haider Zaidi in a video message to PQD workers, said that “for the improvement in their conditions and lives, five Crore rupees were allocated by PQA”. The minister also assured more assistance in the future ... Read More »

Customs Preventive recovers 7.7kgs crystal meth worth Rs169.4m near Keti Bundar

KARACHI: Collectorate of Customs Preventive seizes 7.7 kilograms of Meth Crystal worth Rs169.4 million in the international market near Keti Bundar. Sources told Customs Today that Collector Saquif Saeed received secret information that an attempt will be made to smuggle narcotics near Keti Bundur. The smugglers would use fishing boat for transportation of narcotics near Keti Bundur. He immediately formed ... Read More »

Sindh govt appealed to allow shops to operate during last two days before Eid from Iftar to Sehri

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has appealed Sindh Government to have mercy on the perturbed shopkeepers and small traders of Karachi by allowing them to open up businesses during last two days before Eid from Iftar to Sehri so that they could be able to recover some of the grave losses suffered by them due to ... Read More »

NPMC reviews price trend of essential commodities specially sugar, edible oil, pulses & chicken

ISLAMABAD: Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, chaired the meeting of the National Price Monitoring Committee (NPMC) at the Finance Division today. Federal Minister for National Food Security and Research Syed Fakhar Imam, Adviser to the PM on Commerce Abdul Razak Dawood, SAPM on Finance and Revenue Dr. Waqar Masood, Secretary Finance Division, Secretary M/o NFS&R, Chief ... Read More »

Pakistani rupee may trade range-bound after Eid

KARACHI: Dealers expect the Pakistani rupee to trade range-bound ahead of Eid-ul-Fitr although the currency posted moderate gains against the dollar during the outgoing week, according to media reports. Traders noted that the value of the currency depends on the level of demand for the dollars from importers and the position of the inflows’. The local unit started the week ... Read More »

Services trade deficit shrinks 52.37pc in 3 quarters of FY21

  ISLAMABAD: The country s services trade deficit contracted by 52.37 percent during the first three quarters of the current financial year (2020-21) as compared to the corresponding period of last year. The services trade deficit during July-March (2020-21) was recorded at $1362.53 million against the deficit of $2860.59 million in July-March (2019-20), according to the latest data of Pakistan ... Read More »