Tag: Transit

LAHORE - An accountability court on Monday extended the physical remand of Danish Shamshad, accused of involvement in the Lahore Mass Transit System Project scam until February 26. Danish is a shareholder in more than 10 properties purchased by his father and key accused in the said reference.
Former Punjab Transport Department cashier Shamshad Gulzar embezzled Rs 401.155 million from funds allocated for the Lahore Mass Transit System Project. Separately, National Accountability

ISLAMABAD: Pakistan and Afghanistan held talks on Friday for finalising implementation procedures for installing tracking system, biometric system and establishing bank guarantee system and other international requirements for the start of Afghanistan Pakistan Transit Trade Agreement (APTTA).
These issues were discussed at the first meeting of the Afghanistan Pakistan Transit Trade Coordination Authority (APTTCA) on Friday. Commerce Secretary Zafar Mahmood and Afghan Deputy

KARACHI - For the first time Sindh government has imposed tax on the goods to be traded under the recently signed Pak-Afghan Transit Trade Agreement, it has been reliably learnt. The new levy will be collected at the rate of 0.5 percent of the value of the consignment as the Infrastructure Cess, to be charged on the export/imports of PATTA goods from Karachi by air or by sea, well-placed sources told Pakistan Today.
Previously, the consignment of goods traded under the Pak-Afghan

LAHORE - The National Accountability Bureau (NAB) Punjab on Monday arrested Danish Shamshad involved in the Lahore Mass Transit System Project reference from the accountability courts' premises. Danish is son and bona fide beneficiary of key accused Shamshad Gulzar who embezzled Rs 401.155 million from funds allocated for the Lahore Mass Transit System Project. NAB arrested him with permission of the accountability court.
Earlier, Advocate Saadia tried to take the accused out of

LAHORE - Former National Insurance Company Limited (NICL) chairman Ayaz Khan Niazi was handed over to the Federal Investigation Agency (FIA) Karachi on a three-day transit remand on Thursday by Duty Magistrate Ahtisham Sadiq.
The FIA Karachi two-member team consisting of Deputy Director Corporate Crime Circle (CCC) Altaf Hussain and Inspector CCC Muhammad Anwar reached Lahore and requested Niazi's transit remand from Sadiq.
The FIA Karachi team said that Niazi was wanted in

BRUSSELS: Russia is expected to let NATO take armoured vehicles to Afghanistan through its territory under an expanded transit deal that would reduce reliance on more risky routes in Pakistan, NATO diplomats said on Wednesday.
Alliance leaders and Russian President Dmitry Medvedev are also expected at a NATO summit in Lisbon next week to complete a deal on the supply of Russian helicopters for the Afghan armed forces and to step up training in fighting drugs trafficking.