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Author Archives: CT Report

Kasur Excise seals 693 properties and impounds 216 vehicles

Kasur: Excise and taxation Department Kasur sealed 693 properties and impounded 216 token tax defaulters in a drive against tax defaulter. According to Excise and Taxation Officer Malik Saleem, excise has sealed 693 properties in different areas of the city on non-payment of property tax, while it has recovered Rs 3.2 million from the defaulters after sealing their properties. Excise ... Read More »

SECP’s online payment facility gaining popularity abroad

ISLAMABAD: The Securities and Exchange Commission of Pakistan’s online fee submission facility, launched in March, has gained currency and now the Commission has been regularly receiving fee through Credit Cards from various countries such as Belize, Hong Kong, Netherlands, Saudi Arabia, Singapore, UAE, UK and USA. The SECP introduced the facility for online payment of fee through Credit Cards in ... Read More »

Chinese President’s Visit: Pakistan to get biggest ever $48 billion ‘state investment’

ISLAMABAD: Pakistan will get its biggest ever ‘state investment’ of around $48 billion from all weather friend China, said Parliamentary Secretary for Information and Broadcasting Mohsin Shahnawaz Ranjha on Friday. He said the investment would materialize during the visit of Chinese President Xi Jinping from April 20-21. He said a number of projects in diverse fields including energy, defense and strategic ... Read More »

Accountability Court summons Zardari on April 27 in corruption case  

RAWALPINDI: The National Accountability Court Friday summoned former President and Co-Chairperson of Pakistan Peoples Party Asif Ali Zardari in an alleged corruption case on April 27 to appear before it. The Accountability Court of Akhlaq Hussain after re-opening of a corruption case, for failing to submit correct details of wealth regarding Bilawal House, issued summons. The National Accountability Bureau (NAB) ... Read More »

NA body for early completion of Neelum Jhelum Hydro Power Project

ISLAMABAD: National Assembly Standing Committee on Planning, Development and Reforms on Wednesday directed the management of Neelum Jhelum Hydro Power Project to take stringent measures to complete the Project without further delay so that energy crises of the country could be reduced. The committee met under the Chairmanship of Abdul Majeed Khan Khanan Khail, MNA to discuss the progress on ... Read More »

SMEDA seeks more tax exemptions for SMEs in upcoming budget

LAHORE: Small and Medium Enterprises Development Authority (SMEDA) has proposed an export credit guarantee insurance scheme, besides increasing the income tax exemption and decreasing corporate tax for SMEs in the upcoming federal budget. SMEDA CEO Muhammad Alamgir Chaudhry said here Wednesday that SMEDA, as an SME promotion agency had developed budget recommendations for Fiscal Year 2015-16 and submitted to the ... Read More »

ANF recovers drugs worth of Rs 291.5 million; arrest 12 drug peddlers

ISLAMABAD: Anti Narcotics Force (ANF) has recovered 106.3 kg charas, 6943 psychotropic tablets, 800 grams heroin and 300 grams opium arresting 12 drug traffickers. ANF in its drive against drug trafficking conducted five operations across the country, said a press release. The total value of recovered drugs approximately amounts to Rs. 291.5 million in international market. According to details, ANF ... Read More »

Chinese President’s visit to boost trade between Pakistan and China: Iftikhar Malik

ISLAMABAD: The forthcoming visit of Chinese President to Pakistan will enhance the volume of trade between private sectors of both the countries. SAARC Chamber of Commerce and Industries Pakistan chapter Vice President Iftikhar Ali Malik talking to APP on Wednesday said that Pakistan was offering freindly environment for foreign investment. There was vast scope for Chinese private and public sector ... Read More »

KPT Shipping Movement Report of Wednesday

KARACHI: Following were the movement of ships at Karachi Port during the last 24 hours, ending at 0700 hours on Wednesday.   SHIPS BERTHED: YM Excellence              Container Ship KMTC Mumbai             Container Ship Bunga Lucerne              Tanker E R Helgoland               Container Ship SHIPS SAILED: X-Press Kailash MOL Distinction Golden Resource EXPECTED SAILING                 DATE Bunga Lucerne                        ... Read More »

Rawalpindi excise seals 147 properties; impounds 60 token tax defaulters’ vehicles

RAWALPINDI: Excise and Taxation Department Rawalpindi has sealed 147 commercial and residential properties during last two days for non-payment of property tax, while 60 token tax defaulters’ vehicles were also impounded. Excise and Taxation department spokesman informed that the department also recovered property tax arrears amounting to Rs 1.4 million during two days. He informed that excise has sealed property ... Read More »

Galaxy S6, S6 Edge phones owners can open up Galaxy Gifts offer widget, download Uber’s app, find $25 ride discount as Uber joins Samsung

SAN FRANCISCO: Uber has announced a new partnership with Samsung that should result in more usage of the service among owners of Galaxy S6 and Galaxy S6 Edge phones. Owners of those phones in the U.S. can open up Galaxy Gifts offer widget, download Uber’s app, and find a $25 ride discount added to their accounts, Lars Fjeldsoe-Nielsen, vice president ... Read More »

New luxury Porsche hits 350 km/h speed in Australia’s Northern Territory

SYDNEY:  A New Zealand professional race car driver has filmed himself driving at 350 km/h in Australia’s Northern Territory in the new luxury Porsche. Craig Baird took to the outback’s open speed limits to trial the two-seater Porsche 918 Spyder hybrid – equipped with a 4.6L V8 engine on an unrestricted stretch of the Stuart Highway in the Northern Territory. ... Read More »

Dubai customs attends workshop in HP Innovation Center

DUBAI: Dubai Customs’ Innovation Team gets a brief on HP’s world-class innovation practices and expertise. The team paid a visit to HP Innovation Center in Dubai. HP officials held a workshop for DC’s team, introducing them to the approach and functions of the innovation center. The HP Innovation Center uses a structured methodology to help customers navigate the process of ... Read More »

Infrastructure to grow 1000 times by 2020: Govt for introducing best mobile broadband services

ISLAMABAD: Federal Minister for Information Technology and Telecommunication Anusha Rahman Khan, addressing the Nokia Networks conference, has said that the government is utilising all resources for the best coverage of mobile broadband services for the benefit of greater socio-economic development. The minister said that Nokia Networks’ commitments and advanced 2G, 3G and 4G mobile broadband technologies will significantly contribute to ... Read More »

2016 Honda Pilot powered by new direct injected 3.5-liter V-6 engine to be rolled out in mid-2015

TOKYO: Honda Motor Co., Ltd. has finally revealed all details about its upcoming 2016 Honda Pilot, which was officially launched by the company, at the 2015 Chicago auto show. The new car i.e. 2016 Honda Pilot will be rolled out being powered by a new direct injected 3.5-liter V-6 engine, which as per the company’s claim is powerful enough to ... Read More »

SECP promulgates new rules for underwriters, balloters and transfer agents

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced `Underwriters Rules, 2015′ and `Balloters and Transfer Agents Rules, 2015′, in order to raise confidence of the investors and shareholders. “The issuance of these two set of new rules is a major step towards development of a vibrant capital market in Pakistan”, says a statement issued by the Commission ... Read More »

Customs gets another 14-day judicial remand of ‘uncooperative’ Ayyan Ali

RAWALPINDI: A customs court on Saturday extended for the third time the judicial remand of supermodel Ayyan Ali in the money smuggling case. The model, who is imprisoned at the Adiala Jail, was presented in the customs court on Saturday. During the hearing, customs officials presented a report regarding investigation carried out in the case so far. The case was ... Read More »

Customs officials say Ayyan’s currency ownership claim dubious

ISLAMABAD: A day after supermodel Ayyan Ali submitted proof of ownership for the currency she allegedly attempted to launder to Dubai from Islamabad, customs officials reportedly said the documents were doubtful. Having been held in Adiala Jail for the past two weeks, customs officials questioned when the proof of ownership was signed by Ayyan, as there was no record of ... Read More »

Thailand police arrest smuggler with illicit ivory worth RM658k

BANGKOK: Thailand police arrested a smuggler who was Malaysian with RM658K illicit ivory. Thai police said Teo, who was arrested alongside his Thai partner Sirichai Sridanont, 50, was accused of trading and smuggling African ivory through Thailand’s southern border.Teo, who was also seemingly paraded by Thai police in Bangkok yesterday, was said to have made “frequent visits” to Thailand, Kenya ... Read More »

British Merchant LNG tanker diverted towards Canada’s Canaport import terminal

LONDON: The British Merchant liquefied natural gas (LNG) tanker has been diverted towards Canada’s Canaport import terminal after initially being listed as bound for the UK’s Isle of Grain port, shipping data showed. The 130,000-cubic-metre-capacity tanker loaded cargo at Trinidad and was initially listed as due to arrive at Isle of Grain on Feb. 25, but is now listed as ... Read More »