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Author Archives: CT Report

China expects to import 350,000 tons of liquid milk in 2015

BEIJING: Imports of liquid milk into China are growing with European countries successfully tapping into the market, according to AHDB dairy. China is expected to import 350,000T of liquid milk in 2015, up nearly a tenth from last year and equalling its Whole Milk Powder imports, according to the USDA. The AHDB says two-thirds of China’s liquid imports came from ... Read More »

NASA to launch second crew mission for ISS

WASHINGTON: The American space research centre, NASA, has announced to launch its second crew mission from Boeing Space Exploration for the International Space Station (ISS). NASA’s Commercial Crew Program Manager Kathy Lueders, in a statement, said that once certified by NASA, the Boeing CST-100 Starliner and SpaceX Crew Dragon will each be capable of two crew launches to the station ... Read More »

Huawei smartphones sales in northeastern Europe rise by 125%

BEIJING: Huawei achieved gratifying results in 2015 year in Central-Eastern and Northern European regions as far as consumption of its products is concerned. The delivery amount of smartphones reached more than 3,46 million and observed an increase of 114 percent compared with the same period last year. The expected terminal business overall sales revenue grew more than 60 percent, out ... Read More »

1,242km new railway track to be installed, 1,872km upgraded under CPEC

ISLAMABAD: The government has decided to revamp railway tracks under the China-Pakistan Economic Corridor (CPEC) as new tracks will be laid from Gwadar to Quetta and Jacobabad via Besima. As per details, the railway track of 560 km will be laid from Bostan to Kotla Jam on Main Line-II via Zhob and Dera Islamil Khan, while 682 km of track ... Read More »

India imports 7.2% more oil in Nov

NEW DELHI: India’s shipped-in 7.2 per cent more oil in November compared with a year ago, ship tracking data obtained from sources and compiled by Thomson Reuters Oil Research & Forecasts showed, with Iran’s share in the overall imports declining to its lowest level in eight months. India has slowed down imports from Iran to restrict annual shipments to within the ... Read More »

Nepal approves $140m investment from Chinese firm

KATHMANDU: Nepal has endorsed a Foreign Direct Investment (FDI) proposal worth 140 million U.S. Dollars made by China’s Huaxin Cement Company to establish a cement plant in Nepal in partnership with Narayani Cement Company. A high-level meeting of the Investment Board of Nepal (IBN) chaired by Prime Minister Khadga Prasad Sharma Oli made such a decision on Sunday evening in ... Read More »

Italy vows to enhance trade ties with Pakistan

ISLAMABAD: The Italian government has vowed to enhance economic ties with Pakistan, by supporting it in availing General System for Preference (GSP) facility. Italian Ambassador Stefano Pontecorvo expressed his desire while talking to APP about reopening of Trade Mission and future of Economic relations between Italy and Pakistan. To a question about the decision of Italian government to re-open Trade ... Read More »

9 wind power projects to produce 477MW in Sindh by Sept next

KARACHI: The Sindh government is striving for overcoming energy crisis in the province through wind power as nine wind energy projects are underway in coastal area of Sindh, which will produce 477 megawatts of electricity by September next year. According to a state-run Radio report, Sindh has almost 55,000 MW wind energy potential in Jamshoro and Thatta districts. Under Pakistan ... Read More »

Hong Kong Customs arrests 82 students for selling counterfeits items online

HONG KONG: More Hong Kong teenagers are selling fake products through social media for easy pocket money, customs officers warned, with the number of arrests in the first 11 month of this year double that for the whole of 2014. Officers arrested 54 secondary school pupils and 28 university students for allegedly selling counterfeits items online. This compared to only ... Read More »

Indonesia Customs dismantles illicit toys, porn worth Rp 125 million

JAKARTA: The Pontianak Customs and Excise Office in West Kalimantan has destroyed Rp 125 million (US$8,910) worth of illegally imported sex toys and pornographic DVDs confiscated by the government between 2012 and 2014. Office head Noer Rusyidi said on Wednesday that the haul included 24 sex toys, 743 pornographic DVDs, 930 palm kernel expellers, one airsoft gun, eight bottles of ... Read More »

Experts ask govt to introduce agri reforms

FAISALABAD: The experts have asked the government to introduce reforms in agricultural policies especially in research-based analysis in line with modern trends. The experts highlighted the importance of agri reforms during a workshop, organised by Policy Chair, US-Pakistan Centre for Advanced Studies in Agriculture and Food Security, UAF here at NIFSAT (National Institute of Food Sciences and Technology) Conference Hall. ... Read More »

Chinese iron ore import volumes surge higher by 15% in Nov 2015

BEIJING: The latest trade statistics released by the China Iron and steel Association (CISA) indicates that Chinese iron ore import volumes surged higher by over 15% in November this year to 105.6 million mt. This is when compared with the imports during the previous month. The number of Chinese companies importing iron ore increased to 545 in November when matched ... Read More »

Govt releases Rs22.78b for NHA

ISLAMABAD: The government has released Rs22,775 million (about Rs22.78 billion) for National Highway Authority under the Public Sector Development Programme 2015-16 (PSDP) so far. The government released Rs 4,000 million for Lahore-Abdul Hakeem Section (230km) of Karachi-Lahore Motorway (KLM), while Rs 1050 million have been released for 387km Multan- Sukkur Section of the KLM, an official source told APP. Rs ... Read More »

Nigeria ​Customs seizes ​​smuggled goods worth N23​ ​million​

ABUJA: The Federal Operations Unit of the Nigeria Customs Service​,​ Ikeja, said it intercepted smuggled goods valued N23.07 million here the other day. A statement by the unit​’s​ spokesman, Uche Ejesieme, said the goods, which consist of frozen poultry products, schools and ladies’ bags, were intercepted on Thursday. “The anti-smuggling drive of the Federal Operations Unit Zone ‘A’, Ikeja, received ... Read More »

UK’s HM Revenue & Customs clamps down on errant finance directors

LONDON: More than 150 fines were handed out to finance directors of some of Britain’s biggest companies last year as the tax authority clamped down on mistakes. The number of £5,000 penalties more than doubled over the year in a sign that HM Revenue & Customs has stepped up its enforcement of the 2009 “senior accounting officer” rules that made ... Read More »

Thailand Customs seizes 800kg ivory, pangolin scales worth B40m

SURAT THANI: Almost 800 kg of smuggled elephant tusks and pangolin scales worth 40 million baht in total have been seized by customs officers at Samui international airport in Surat Thani province. The Customs Department on Friday announced the seizure of 281 ivory tusks, weighing 789 kg, and 12 bags containing 587kg of pangolin scales. These banned products were seized ... Read More »

EGAS decreases gas imports to 700m cubic feet per day

CAIRO: The Egyptian Natural Gas Holding Company (EGAS) has decreased gas imports to approximately 700m cubic feet per day from the 1bn feet per day that it imported throughout November. The measure is a response to the decline in domestic consumption. A senior official at EGAS told Daily News Egypt that domestic consumption of gas has fallen to an estimated ... Read More »

Singapore’s ICA seizes heroin, cannabis worth S$65,000

SINGAPORE: A total of 470g of heroin and 980g of cannabis were found on a female motorcyclist at Woodlands Checkpoint, the Immigration and Checkpoints Authority (ICA) and Central Narcotics Bureau (CNB) said in a joint news release here the other day. They said the 23-year-old Malaysian had travelled alone on a Malaysia-registered motorcycle on Saturday afternoon. An ICA officer found ... Read More »

Indian Customs seizes 1kg gold

HYDERABAD: Officials of the Customs Department on Sunday seized around one kilogramme of gold from two passengers at the RGI Airport. In the early hours of the day, the officials seized around 350 grams of gold from a passenger. The passenger reported hide the yellow metal in his rectum and tied a thread to it. The officials, who were monitoring ... Read More »

Indian excise officials seize 1.5 kg of cannabis

IDUKKI: Excise officials seized 1.5 kg of cannabis and arrested a college student at Vandiperiyar on Sunday. The arrested was Aluva resident Ashik, 21, who is an MBA student at a college in Bengaluru. The contraband was covered in a paper and concealed in his handbag, said Excise inspector C.K. Sunilraj, who led the team. Officials of Excise intelligence wing ... Read More »