Monday , April 12 2021
Breaking News
Home / Author Archives: CT Report (page 3630)

Author Archives: CT Report

110 textile mills closed operations in 12 months

KARACHI: As many as 110 textile mills have shut down during the last year mainly to due to the high cost of doing business, particularly the cost of electricity and gas. All Pakistan Textile Mills Association (Aptma) Chairman Tariq Saud, in a statement, said that the high cost of doing business has started hitting textile industry severely, as further closure ... Read More »

Indian authorities seize red sanders worth Rs. 30 million

CHANDRAGIRI: The forest officials seized 80 red sanders logs worth Rs. 2 crore during a combing in the forest abutting Andhyalakona of Chandragiri mandal on Tuesday. The officials came face-to-face with 80 smuggling operatives who were making arrangements to transport the logs to a clandestine location. Soon, they rained stones on the combing party and escaped. Meanwhile, a special party ... Read More »

Branchless banking accounts up by 44.4% to 10.8m in Q2

KARACHI: The country’s branchless banking is expanding as the number of such accounts increased by 44.4 per cent to 10.8 million during the second quarter of 2015, as compared with 7.5 million in the previous quarter of January-March. According to the Branchless Banking (BB) Newsletter released by the State Bank of Pakistan, around 47,902 biometric devices were installed for real-time ... Read More »

UK Border Force seized 12.3m illegal cigarettes in past two months

HARWICH: One million cigarettes were seized at the Port of Harwich last week – bringing the total number of illegal cigarettes stopped at the port in the past two months to 12.3 million. Border Force officers found the latest haul inside a lorry trailer coming from the Hook of Holland listed as holding machinery. An x-ray of the truck detected ... Read More »

SBP launches videos, app to aware public of banknote security features

KARACHI: The State Bank of Pakistan (SBP) has launched five videos and a smartphone application to enhance public awareness and understanding of the currency notes’ security features. The SBP, as a part of its campaign “Rupay ko Pehchano”, launched the videos and application in a ceremony attended by high-ranking officials of the law enforcement agencies (LEAs) and presidents and senior ... Read More »

US court sentences man to 5-years jail for smuggling cigarettes

WASHINGTON: A judge sentenced a northern Virginia man to five years in federal prison for trafficking $13 million in cigarettes out of the commonwealth, including through an elaborate scheme captured on camera by the News4 I-Team. Stephen Chen, a Fredericksburg small business owner, admitted making bulk purchases of tobacco from big box warehouse stores, then reselling the cigarettes illegally to ... Read More »

UAE authorities seize smuggled drugs from Iranian ship

UAE: An Iranian ship smuggling in drugs and two people has been seized by the UAE’s Ministry of Interior. The operation was carried out by a joint team from the Federal Anti-Narcotics department and Sharjah’s Anti-Narcotics department, in cooperation with specialised bodies. The ship’s captain was attempting to smuggle in drugs and two people through Khalid port in Sharjah. Colonel ... Read More »

Pakistan Stock Exchange to be inaugurated on Jan 11

KARACHI: The merger of all three stocks of the country, Pakistan Stock Exchange will be launched on January 11 next year. The operations of Islamabad and Lahore stock exchanges are being integrated into Karachi Stock Exchange, which will be renamed as Pakistan Stock Exchange Limited (PSX). To celebrate this momentous occasion, the Securities and Exchange Commission of Pakistan (SECP) and ... Read More »

RCCI hails Women’s role in socio-economic development of country

ISLAMABAD: Rawalpindi Chamber of Commerce and Industry (RCCI) President Mian Humayun Parvez has acknowledged women’s role in uplifting socio economic condition of the country. “In Pakistan working women number has been increased and now days, there is not a single department where women are not playing their role” he added. He was expressing these views while addressing a large number ... Read More »

KCC, ICCI sign MoU to promote Pak-China bilateral trade

ISLAMABAD: China Xinjiang Kashgar Chamber of Commerce (KCC) and Islamabad Chamber of Commerce and Industry (ICCI) have signed a memorandum of understanding (MoU) to work jointly for promoting bilateral trade and economic relations between Pakistan and China. The signing ceremony was held at ICCI. KCC President Abdujilil Halil and ICCI President Atif Ikram Sheikh signed the MoU. Both Chambers agreed ... Read More »

China-Pakistan Economic Corridor will play major role to promote trade relations

FAISALABAD. Chaudhary Muhammad Nawaz President Faisalabad Chamber of Commerce and Industry (FCCI) has said that time has come to translate the Pak-China friendship into economic prosperity of the two nations. In this connection, China-Pakistan Economic Corridor (CPEC) will play a major role in cementing trade and industrial linkage between the two countries. He was talking to a Chinese’s delegation that ... Read More »

Dubai Customs opens registration for its 9th IPR Award for Schools, Universities

DUBAI: The Dubai Customs DC has announced the opening of registration for its IPR Award for Schools and Universities for 2015-2016. School and university students are encouraged to be part of the drive and submit entries in any of the award’s six categories which are: Best IP Website Name Best IP Awareness Campaign Best Innovation/Invention for IPR Protection Writing a ... Read More »

Azerbaijan, Iran to increase customs checkpoints

BAKU: Azerbaijan and Iran have agreed to switch the customs checkpoints in Azerbaijan’s Astara and Bilasuvar districts to the around-the-clock operation, Azerbaijan Ministry of Economic Development said in an exclusive interview with Trend Dec.22. The agreement was reached Dec.22 during the tenth meeting of the Azerbaijani-Iranian Joint Commission on Economic, Trade and Humanitarian Cooperation. Commission from the Azerbaijani side was ... Read More »

Britain’s Сrown Agents to provide customs services to Ukraine

KIEV: Britain’s Сrown Agents after the two-month negotiations with the Finance Ministry of Ukraine is ready to provide customs services, Senior Advisor at Сrown Agents Paul Richards has said. “As far as we know the ministry is to make a concrete decision by the end of the year. However, there is doubt that the decision would be made,” he said ... Read More »

Reno Airport complains about US Customs holding Mexican teen

RENO: Reno-Tahoe International Airport has filed a complaint with U.S. customs officials over the treatment of a 15-year-old Mexican girl who allegedly was detained for hours without a chance to contact her family. Airport officials say the girl was questioned for five hours last month after she flew to Reno from Guadalajara, Mexico. U.S. Customs and Border Protection officials told ... Read More »

UNCTAD to help Kazakhstan modernize customs administration

ASTANA: The project was launched in Astana on 2 December immediately after the country’s official accession to the World Trade Organization (WTO). It will contribute to the implementation of the new presidential strategy-called “One Hundred Concrete Steps”-aimed at positioning Kazakhstan among the world’s top economies. It will also ensure that the country’s customs procedures are in line with the Eurasian ... Read More »

Russia to boost customs controls on Ukrainian goods

MOSCOW: Russian President Vladimir Putin signed a decree on the suspension of a free trade deal with Ukraine within the Commonwealth of Independent States (CIS), effective from January 1, 2016. “In customs service, we will increase the toughness and severity of [our] administration,” Likhachev said in the Russian lower house of parliament, the State Duma. In 2014, Kiev and Brussels ... Read More »

Sri Lanka Customs discovers gold bars hidden in rectum

COLOMBO: A Sri Lankan man has been arrested for trying to smuggle gold bars into the country in his rectum. The 42-year-old was intercepted at Bandaranaike International Airport after Customs officers noticed him “walking suspiciously”, Customs spokesman Leslie Gamini told the BBC. His flight had arrived from Singapore early on Tuesday morning. The man was discovered to have four bars, ... Read More »

US Customs seizes $740K in meth, heroin in Nogales

TUCSON: Customs and Border Protection officers arrested two Mexican men for their separate alleged attempts to smuggle a combined 193 pounds of heroin and methamphetamine through the Port of Nogales over the weekend. Officers at the Nogales Commercial Facility referred Sinuel Gonzalez-Dominguez, 34, of Nogales, Sonora, Mexico, for further inspection of the tractor-trailer load of cucumbers he was transporting through ... Read More »

US Customs seizes heroin worth $684K at Los Indios Bridge

LOS INDIOS: U.S. Customs and Border Protection officers at the Los Indios International Bridge intercepted a load of alleged heroin. CBP officers discovered the alleged narcotics, valued at approximately $684,000, hidden within a green 1999 Ford F250 pick-up. “I congratulate our officers for their constant vigilance which made this seizure possible,” said Port Director Petra Horne, Brownsville Port of Entry. ... Read More »