Wednesday , April 21 2021
Breaking News
Home / Author Archives: CT Report (page 50)

Author Archives: CT Report

RCCI delegation calls on CEO PIA

RAWALPINDI: A delegation of Rawalpindi Chamber of Commerce and Industry (RCCI)  led by President Mohammad Nasir Mirza called on Chief Executive of Pakistan International Airlines (PIA) Air Marshal (retired) Arshad Malik at his office in Islamabad. Group Leader Sohail Altaf, Senior Vice President Usman Ashraf, Vice President Shahraiz A Malik and Former President Zahid Latif Khan were also present on ... Read More »

NAB believes in “Zero Corruption, 100pc Development”: Chairman NAB

ISLAMABAD: Justice Javed Iqbal, Chairman NAB has said that NAB believes in “Zero Corruption, 100% Development”. NAB absolutely committed to root out corruption as our Father of the Nation Quaid-i-Azam Muhammad Ali Jinnah had termed “One of the biggest curses… is corruption and bribery. That really is a poison. We must put it down with an iron hand”. Justice Javed ... Read More »

KPT to plant 100,000 mangroves quarter-wise

KARACHI: Karachi Port Trust (KPT) would plant 100,000 mangroves in every quarter through plantation campaigns and activities like public awareness drive in educational institutions, conferences and symposia arrangements. Highlighting the importance of mangroves plantation, an official of KPT termed it an essential initiative for the ports and port cities to avoid national calamities like Tsunamis, Heat Waves, etc. Talking to ... Read More »

Pak Rupee falls by 35 paisas against USD on corporate payments

KARACHI: The Pak Rupee fell by 35 paisas against the dollar on Tuesday owing to jack up in foreign currency demand for imports and corporate payments. The rupee ended Rs160.33 to the dollar from the previous day’s closing of Rs159.98 in the interbank foreign exchange market. Currency dealers said that the demand of the greenback remained high due to improvement ... Read More »

Most Asian markets fall after virus, vote worries hit Wall St

HONG KONG: Asian markets mostly fell Tuesday following a sharp pullback on Wall Street as investors were spooked by a coronavirus surge, new lockdowns, a slow vaccine rollout and uncertainty over US Senate elections. While analysts are broadly upbeat about the long-term outlook this year, the nascent inoculation programmes have yet to have an impact, meaning the first few months ... Read More »

Shipping activity at Port Qasim on Jan 5

KARACHI: Four ships namely, Maersk Brooklyn, Navarino, Walvarine and SN Harmony carrying Containers, Coal and Steel coil were allotted berths at Qasim International Container Terminal, Pakistan International Bulk Terminal and Multi-Purpose Terminal respectively on Monday. Meanwhile another ship, As Orillia carrying Palm oil also arrived at outer anchorage of Port Qasim on same day. Thirteen ships were engaged at PQA ... Read More »

SBP plans to auction Rs.2.90 trillion in short term MTB

KARACHI: The State Bank of Pakistan (SBP) plans to auction Rs2.90 trillion in short term Market Treasury Bills (MTB). As per details, the SBP announced the auction calendar for Jan – Mar 2021. The central bank wants to raise Rs1,050bn for three months, Rs975bn for six months and Rs875bn for 12 months. According to analysts, government is taking more loans ... Read More »

Close all cases of under-invoicing, customs, income tax: NAB chairperson

ISLAMABAD: The National Accountability Bureau wants to immediately close all cases of under invoicing, income/sales tax, customs and disputes between private parties. NAB Chairperson Justice (retired) Javed Iqbal issued “instant orders” for this during a meeting with a Federation of Pakistan Chambers of Commerce and Industry (FPCCI) delegation, read a press statement issued on Monday. The delegation was led by ... Read More »

KCCI demands probe as gas crises triggered when exports picking up

KARACHI: In response to deep concerns expressed by President Karachi Chamber of Commerce Industry M. Shariq Vohra on serious gas crises being suffered by Karachi, President Dr. Arif Alvi assured to take up this matter with relevant Ministers and update the business community within a couple of days on what exactly were the causes for gas shortages and what strategies ... Read More »

Multan Customs seizes Indian origin ginger worth Rs6.94m near Sher Shah

MULTAN: Collectorate of Customs Anti-Smuggling Organization recovered huge quantity of Indian origin garlic worth Rs6.94 million during their action. Sources told Customs Today that Collector Muneeza Majeed received credible information that huge quantity of garlic will be transported through Multan Region. Additional Collector Syed Ali Abbas Gardezi formed special team of Anti-Smuggling Organization comprising of Inspector Abdul Samad, Inspector Umair ... Read More »

Director Valuation issues valuation advice for Afghan origin goods

KARACHI: Directorate-General of Customs Valuation Director Shafiq Ahmad Latki has issued valuation advice in respect of Afghan origin goods. Read More »

Hafeez Shaikh directs PC to present all privatisation plans within one week

ISLAMABAD: Finance and Revenue Minister Dr Abdul Hafeez Shaikh has directed the Privatization Commission to present the privatization/management contracts plan of all entities within a week. He stated this while chairing a meeting of the Cabinet Committee on Privatization (CCoP) on Monday. Energy Minister Omar Ayub, Adviser to Prime Minister on Institutional Reforms Dr Ishrat Hussain, Adviser to PM on ... Read More »

FBR announces to issue ATL 2020 on March 1

ISLAMABAD: Federal Board of Revenue (FBR) will issued Active Taxpayers List (ATL) for tax year 2020 on March 01, 2021 which will contain names of those taxpayers who file their returns by due date or file return after due date with fine and penalty. Under Rule 81B of Income Tax Rules 2002, the FBR issues ATL on the first day ... Read More »

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

ISLAMABAD: Federal Minister for Finance & Revenue, Dr. Abdul Hafeez Sheikh, chaired the meeting of the National Price Monitoring Committee (NPMC) today. Minister for Industries & Production, Adviser to the Prime Minister on Commerce, Textiles & Investment, Special Assistant to the Prime Minister on Revenue, Provincial Chief Secretaries, Secretary M/o NFS&R, Special Secretary Commerce, Chairman FBR, Additional Secretary Planning Development ... Read More »

FBR transfers 7 PCS officers of BS17-19 with immediate effect

ISLAMABAD: Federal Board of Revenue (FBR) has issued notification for transfers and postings of following officers of Pakistan Customs Service (PCS) with immediate effect and until further orders:- Asdaq Afzal Sensera, BS-19, Additional Collector, Collectorate of Customs Appraisement and Facilitation Lahore is transferred and posted as Additional Collector, Collectorate of Customs Enforcement and Compliance Multan. Noman Khan, BS-19, Secretary, Federal ... Read More »

Gwadar Port provides series of convenience measures for investors

BEIJING: As one of the pillars of CPEC, Gwadar Port provides a series of convenience measures for investors and paving the way of tourism for socio-economic development in Baluchistan, says a report published by Gwadar Pro on Monday. The report quoting Chinese scholar Prof. Cheng Xizhong, stated that continuous development of CPEC, especially the construction of Gwadar Port, has brought ... Read More »

Pak Rupee falls by 15 paisas against USD

KARACHI: The Pak Rupee fell by 15 paisas against the dollar on Monday – the first trading day of 2021 – as the foreign exchange market opened after three days break. The rupee ended Rs159.98 to the dollar from the closing of Rs159.83 of last trading day on December 31, 2020 in interbank foreign exchange market. Currency dealers said that ... Read More »

Pakistan imports goods worth over $4.5b from China in 5 months

ISLAMABAD: China topped the list of countries from where Pakistan imported different products during the first five months of the current fiscal year (2020-21), followed by United Arab Emirates (UAE) and Singapore. The total imports from China during July-November (2020-21) were recorded at $4523.671 million against the $4025.183 million during July-November (2019-20), showing an increase of 12.38 percent during the ... Read More »

Collector Irfan Javed’s Quetta Customs surpasses revenue collection target for 1H of FY21

QUETTA: Collectorate of Customs Quetta Appraisement and Collectorte of Customs Preventive have surpassed all assigned targets during the first half of financial year 2020-21. According to the details, FBR lauded the performance of Collector Appraisement Abdul Waheed Murwat and Collector Preventive Irfan Javed and for the extra ordinary performance under guidance of Chief Collector Gul Rehman. Collector Waheed Marwat along ... Read More »

PM orders action against fuel smuggling across Iran border

QUETTA: Prime Minister (PM) Imran Khan has approved an action plan against 2,094 illegal petrol retail outlets in three provinces and smugglers of petroleum products at border stations in Balochistan. The Customs Department at the Federal Board of Revenue (FBR) will be the lead agency in the operations while the petroleum ministry will also explore the possibility of legal import ... Read More »