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Tag Archives: Gwadar

Gwadar Port to be highest GDP contributor to Pak economy: CEO COPHC

GWADAR: Chief Executive Officer of China’s Overseas Port Holding Company Zhang Baozhong said Gwadar Port will be a new economic hub of Pakistan and the highest GDP contributor to its economy by 2030. Talking to China Economic Net, he said Gwadar port-related activities are progressing well as more than 250 million dollars have been initially spent on its renovation with ... Read More »

Chief Collector Zulfiqar appreciates Customs Gwadar, Quetta for surpassing revenue collection target

QUETTA: Chief Collector Dr. Zulfiqar Ali Chaudhry said that Customs Collectorates of Quetta and Gwadar have surpassed assigned revenue collection target for July 2018 to February 2019 with extra amount of Rs2288 million. Talking with Customs Today during an exclusive interview, the chief collector said that both of the Collectorates working under his supervision showed an increase of 10 percent ... Read More »

Gwadar Customs to hold auction of confiscated goods on 14th

KARACHI: Model Customs Collectorate (MCC) Gwadar will hold public auction of various confiscated goods including lubricant oil and motor vehicle tyres at Customs Station, Panjgur on February 14. The collectorate will auction confiscated goods including tractor tyres, suphonic acid, instant yeast, biscuits, chocolate, lubricant oil, detergent powder, motor cycle pumps, car tyres, ceramic tiles, chew gum, toffee, cake, cigarette, polythhylene ... Read More »

Tanveer asks Korean attaché to expedite feasibility of 2nd shipyard at Gwadar

ISLAMABAD: Minister for Defence Production Rana Tanveer asked the Korean Defence Attache to expedite feasibility for the second shipyard to be built at Gwadar. “During my visit to Korea, I was amazed to see the facility at their shipyard,” he informed, adding that their capacity, skill and technique were state-of-the-art. “We will like our Korean friends to extend us assistance ... Read More »

China investing $45 billion on Gwadar Pipeline Project

ISLAMABAD: Pakistan and China have signed an agreement as an alternative of the conflicted gas import project with Iran which includes a multibillion-dollar worth LNG pipeline and terminal deal. “The agreement was signed during Prime Minister Nawaz Sharif’s visit to China. It is a state-to-state deal and no bidding will be held for the award of contract,” an official told ... Read More »

Gwadar Collectorate seizes 2,500 Kg hashish, oil tanker

KARACHI: The Anti-Smuggling Organization (ASO) of Model Customs Collectorate (MCC) Gwadar, during a raid on Thursday night, seized 2,500 kilogram fine quality hashish (charas) worth Rs 50 million from Khurkherra check-post. According to details, the ASO team of MCC Gwadar recovered 2,500 kilogram hashish and confiscated an oil tanker worth Rs 3 million. MCC Gwadar Assistant Collector Tauseef Gorchani confirmed ... Read More »

Hyderabad, Gwadar collectorates seize 84,500 liters of diesel in 28 days

KARACHI: The Model Customs Collectorate (MCC) Hyderabad and MCC-Gwadar have seized around 84,500 litres of smuggled Iranian diesel at various check posts in the last 28 days, said Enforcement-South Assistant Collector Ali Ejaz. Talking to Customs Today, Ejaz said that the MCC-Hyderabad has seized 56500 litres of Iranian diesel during routine checking at different check posts while the MCC-Gwadar has ... Read More »

Sameera Sheikh promoted, assumes charge as FBR Secretary

ISLAMABAD: Sameera Sheikh, BS-18 officer of Pakistan Customs Service (PCS) and working as Second Secretary, Federal Board of Revenue (HQ), on repatriation from National School of Public Policy (NSPP), Lahore, has been promoted to BS-19. On her promotion made vide Board’s Notification No. 1165-CII/2014 dated 26.02.014, Sameera Sheikh, assumed the charge of BS-19 post as Secretary, FBR (HQ), Islamabad w.e.f. ... Read More »

10,400MW more electricity in 4 years as PM signs power projects in China

ISLAMABAD: Pakistan will soon overcome power crisis as 10,400 megawatt electricity would be added to the national grid during the next three to four years. This was stated by Prime Minister’s spokesman Dr Musadik Malik, while giving an interview. He said that Prime Minister Nawaz Sharif had signed several power projects in China that would help improve the availability of ... Read More »

Dar meets Chinese President for signing MoU of $50b bank

ISLAMABAD: Federal Minister Ishaq Dar has met Chinese President Xi Jinping after signing a Memorandum of Understanding (MoU) for the establishment of $50 billion Asian Infrastructure Investment Bank (AIIB). On the occasion, President Xi Jinping reiterated his commitment to visit Pakistan. He lauded the Ishaq Dar and the representatives of other countries for their support in pursuit of common development. ... Read More »

After Gwadar Port

Energy crisis, political impasse and regional instability are a few factors which have increased economic woes of Pakistan but Chinese Ambassador Sun Weidong’s statement that the days are not far off when Gwadar will bustle as the busiest port in the region gives Pakistanis a hope of a bright future. According to the ambassador,the mega projects such as Gwadar Port ... Read More »

Shipping Ministry to refer 45 missing containers case to FIA

ISLAMABAD: The Ports and Shipping Ministry has announced to refer the case of 45 missing containers from Port Qasim Karachi to the Federal investigation Authority (FIA). Ports and Shipping Secretary Babar Yaqoob Fateh Muhammad said that the ministry would not defend the Port Qasim Authority (PQA) or officials involved in the missing of containers scandal at any cost. To questions ... Read More »

China to invest $50 billion, will apply Shanghai-model in Gwadar

LAHORE: China is planning replicating the model of Shanghai Free Trade Zone (SFTZ) in Gwadar to interlink the entire region, including Pakistan, Iran, China and Central Asian States. Highlighting various projects, Pak-China Joint Chamber of Commerce and Industry President Shah Faisal Afridi has said that China will invest $50 billion till 2017 in a number of projects including coal, solar ... Read More »

Petroleum Ministry hopeful of LNG import by year-end

ISLAMABAD: The Ministry of Petroleum and Natural Resources is hopeful that the import of Liquefied Natural Gas (LNG) is likely to start by the end of this year to offset the fast depleting natural gas reserves in the country. According to an official of the ministry, the LNG will be imported through a transparent process and at competitive prices. He ... Read More »

Incomplete Gwadar stands out among world’s big sea ports: Dostain Jamaldini

GWADAR: Gwadar Port Authority Chairman Dostain Khan Jamaldini described Gwadar Port as a game changer, saying that it is set to turn Pakistan into an economic hub of the region. He informed that the sea front area of partially-completed Gwadar port was more than 50 kilometres. So far only 1.4 percent of the Gwadar project could be completed mainly due ... Read More »

FBR transfers Grade 19-20 Customs bigwigs

ISLAMABAD: FBR has announced transfers/postings of 15 Grade 19-20 Customs Officers with immediate effect. As per notification, Juneid Akram has been transferred as Director, Directorate of Intelligence & Investigation, FBR, Faisalabad on return from NMC, Muhammad Ibrahim Vighio (BS-20) has been transferred from Collector, Model Customs Collectorate, Hyderabad to Director, Directorate of Transit Trade, Karachi. He will hold additional charge ... Read More »

Customs Collectorate of Enforcement-South seizes goods worth Rs25.242m in 40 days

KARACHI: The Collectorate of Enforcement-South seized smuggled goods worth Rs25.242 million in last 40 days. As per details, the Collectorate of Enforcement –South Muhammad Nazim Saleem conducted raids in RCD Highway, Super Highway, West Wharf, Bolan Road, Customs Check-post in Lake pass, Chaman Road, Balali Check-post, Hala Naka Road in Hyderabad, Toll Plaza in Sukkur, Customs Check-post in Jacobabad and ... Read More »

FC seizes 160,000 litres of Irani smuggled oil

GWADAR: Frontier Corps (FC) during a raid at Sakran Road in Lasbela tehsil of Balochistan has recovered five tankers with 160,000 litres of Irani smuggled oil worth millions of rupees. According to FC spokesman, the oil was being smuggled from Gwadar through Kachha. FC made a timely raid and foiled the smuggling bid. FC has handed over the smuggled oil ... Read More »

Gwadar ‘free port’ to be a game changer for whole region: Nawaz

GAWADAR: Prime Minister Nawaz Sharif on Thursday said the current government plans to develop Gwadar as a ‘free port’ on the lines of Dubai, Singapore and Hong Kong ports. The Planning Commission has been tasked with an exercise to hire international consultants for this purpose. The Prime Minister said the government had a broad-based plan for the development of Gwadar ... Read More »

3 Grade-20, 11 Grade-19 customs officers transferred

ISLAMABAD: Federal Board of Revenue has announced transfers of 3 BS-20 and 11 BS-19 officers of Pakistan Customs Service with immediate effect until further orders. As per notification following officers have been transferred: Mahboob Saqib Khan (BS-20) has been transferred from the post of Collector, Model Customs Collectorate, Sialkot to the post of Chief, Federal Board of Revenue Headquarters (Hq), ... Read More »