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Author Archives: CT Report

SECP introduces new regulatory framework for REITs in Pakistan 

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) here on Monday notified Real Estate Investment Trust (REIT) Regulations 2015 through SRO 328(I)/2015 which would replace REIT Regulations 2008. The latest REIT Regulations 2015 have been notified after extensive public consultations to adequately cover investor risks and make the regulatory framework more conducive and practicable, according to statement issued. REIT ... Read More »

Pakistan, China sign 51 agreements to fast pace work on CPEC 

ISLAMABAD: The China Pakistan Economic Corridor (CPEC) Monday got a fresh breather as the two countries Monday inked 51 agreements and Memoranda of Understanding (MoUs) to begin practical implementation on the ambitious Silk Route project.  Prime Minister Muhammad Nawaz Sharif and President of China Xi Jinpingwitnessed the agreement signing ceremony that included projects related to energy and transport infrastructure, at ... Read More »

Sindh Excise Minister urges staff to achieve 100 percent target

SUKKAR: Sindh Provincial Minister for Excise and Taxation Gian Chand Esrani has urged the officials of the department to achieve 100 percentrecovery targets of the current fiscal year 2014-15.  Presiding over a meeting with officials of Sukkur and Larkana regions here, the minister hoped that the officials would continue working as a team and play their due role in the ... Read More »

KPT Shipping Movement Report   

KARACHI: Twelve ships carrying containers, rice, tanker, vehicles sailed from Karachi Port on Monday, while seven ships laden with coal, fertilizer etc berthed at Karachi Port on same day. Following were the movement of ships at Karachi Port during the last 48 hours, ending at 0700 hours on Monday. SHIPS SAILED: Grand Bridge               ... Read More »

NAB arrests bank fraudster 

KARACHI:  The National Accountability Bureau (NAB), Karachi has arrested accused Sheikh Abdul Waheed, CEO/Director of Supreme Gums Limited Lahore involved in bank frauds. NAB Karachi has arrested the accused following the non-bailable warrants issued by the Accountability Court No. IV Lahore. The case is pending before the trial court and the accused was a defaulter of many banks since 2007, ... Read More »

Shipping activity at Port Qasim  

KARACHI: Five ships carrying containers, rice, general cargo and edible oil were berthed at Qasim International Containers Terminal (QICT), FAP Terminal, Multi Purpose Terminal and Liquid Cargo Terminal respectively. Meanwhile, five more ships carrying containers, cement, chemical and diesel oil also arrived at outer anchorage of Port Qasim (PQ) during last 24 hours. Berth occupancy was 65 percent at the ... Read More »

Pakistan and China ink agreements to generate 8030 MW electricity   

ISLAMABAD: Pakistan and China inked agreements for installation of 14 power projects to generate 8030 megawatts electricity on Monday. Pakistani officials and a Chinese company today signed agreement for building two 660 MW power generation projects in the country. Moreover, agreements for installation of 12 power projects of 7330 megawatts were signed through video link. These power projects included 720MW ... Read More »

Xi Jinping’s visit: Pak-China relations to get new heights

ISLAMABAD: Member Provincial Assembly Akbar Hayat Khan and Former Senator Syed Zafar Ali Shah said Monday that Pakistan-China relationship will get new heights during the historic visit of Chinese President XI Jinping.  Talking to APP, Hayat said that China was our time tested friend and the relations between the two countries would further strengthen duringthe Chinese President's state visit.  He ... Read More »

Two-day IWCCI expo concludes: 75,000 visitors participates

IWCCI demands for expo center in Islamabad ISLAMABAD: With active participation of more than seventy-five thousand visitors, the Islamabad Expo 2015 concluded here late Sunday night with a pledge to continue struggle to empower women. Various corporate, commercial and non-government organizations and those working for betterment of women, as well as individual entrepreneurs participated in the expo, organized by Islamabad ... Read More »

Chinese companies to be facilitated for timely completion of development projects: PM 

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Monday said that the government would extend all possible facilitation to the Chinese companies to enable them complete the planned projects within stipulated period. He expressed these views during separate meetings with the top executives of three leading Chinese companies; Huaneng Group, ICBC Corporation and Zonergy Corporation here at the PM House. The Prime ... Read More »

Faisalabad I&I to auction old vehicles, seized goods on 28th

FAISALABAD: The Federal Board of Revenue’s (FBR) Intelligence and Investigation Wing is going to auction old and used vehicles and goods, including front tube, rear tubes with axle, gear boxes with hossing, gear boxes with topi, brake surveys, gullas, plates, gararis, hair straightners, hair dryers, hair curlers, diesel generators, engines, Iranian-origin ceramic tiles, cloths, etc on April 28. Read More »

China investing huge amount in energy sectors: Shahbaz

ISLAMABAD: Chief Minister Punjab Shahbaz Sharif on Saturday said that China is investing a huge amount in different energy sectors of Pakistan. “Wind, solar, hydel, coal and other resources would be utilized for generating electricity to meet the need of the country,” he stated while talking to Pakistan Television channel. He said that all the resources would be used for ... Read More »

Chinese President’s visit historic opportunity to deepen ties: Mamnoon

ISLAMABAD: President Mamnoon Hussain Saturday said that the upcoming visit of Chinese President Xi Jinping offered historic opportunity for further deepening time-tested and all weather friendship between Pakistan and China. The President said this while talking to Ambassador of Pakistan to China Masood Khalid who called on him at Aiwan-e-Sadr. He commended the efforts of Masood Khalid in further strengthening ... Read More »

Chinese railway delegation arrives in Pakistan

ISLAMABAD: A 13-member Chinese railway delegation headed by Lu Dongfu, Vice Minister, Ministry of Transport/ Administrator National Railways Administration China arrived here on a five-day visit on Saturday. Secretary, Ministry of Railways Parveen Agha received the delegation, which will also visit Lahore, Havelian and Buldher, said a press release. Later, the delegation visited Pakistan Railways Carriage Factory Islamabad where it ... Read More »

Chinese President’s visit significant in terms of economic ties: Analysts

ISLAMABAD: People belonging to different walks of life are describing the upcoming visit of Chinese President Xi Jinping to Pakistan as very significant in terms of further augmenting economic relations. Analyst Shahid Hassan Siddiqui said the visit of Chinese President would bring prosperity in Pakistan. The construction of China-Pakistan Economic Corridor had the potential to change the economic position of ... Read More »

Joint Pak-China Think Tank on Economic Corridor launched in China

ISLAMABAD: Prior to President Xi Jinping’s visit to Pakistan, a three-day conference in the picturesque Chinese island of Hainan decided to launch a new Joint Pakistan-China Think Tank dedicated solely to research and development of the China-Pakistan Economic Corridor. According to a press statement issued here on Saturday, the newly-formed think tank “Research and Development International (RANDI)” will have two ... Read More »

China-Pakistan FTA shows positive results as trade volume reaches $ 16 billion

China offers tariff reduction to zero on 70 percent products ISLAMABAD: The Free Trade Agreement (FTA) signed between Pakistan and China has shown positive results as the bilateral trade volume increased from around $ 6 billion in 2006 to $ 16 billion in 2014. The China-Pakistan Free Trade Agreement (CPFTA), inked in2006 and enforced in 2007, brought maximum opportunities for ... Read More »

ANF recovers 420 gram heroin from a parcel, booked for UK

ISLAMABAD: Anti-Narcotics Force (ANF) has intercepted a parcel containing wedding cards and recovered 420 gram heroin tactfully concealed inside the folding of the cards. ANF team seized the parcel at DHL Courier Service Office Aabpara, Islamabad, said a press release. The parcel was booked by an accused Dr Abrar Hussain, resident of Rawalpindi and was intended to be received by ... Read More »

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 »