Friday , February 26 2021
Breaking News
Home / Tag Archives: Ports and Shipping

Tag Archives: Ports and Shipping

Thai customs seizes 739 pieces of African elephant tusks worth $6m

BANGKOK: Four tonnes of African elephant ivory worth $6 million has been seized at a Bangkok port in a container labelled as beans, Thai customs said Monday, in the kingdom’s largest-ever haul of its kind. The 739 pieces of tusk were found stashed in a container which arrived at the port on April 18 after being shipped from the Democratic ... Read More »

Port Qasim handles 83,619 tonnes of cargo in 24 hours

KARACHI: Port Qasim handled 83,619 tonnes of cargo during 24 hours till 8 am (0300 GMT) on Friday as compared to 74,247 tonnes in the previous 24 hours. Cargo handling in tones: Friday     Previous Export cargo     21,919      27,578 Import cargo     61,700      46,669 Following is the berthing schedule of major vessels loading and unloading at Port Qasim: Commodity     Tonnes ... Read More »

PNSC, TCP reservations near to resolution: Secy Ports and Shipping

ISLAMABAD: The reservations of Trading Corporation Pakistan (TCP) about capacity of goods handling of Pakistan National Shipping Corporation (PNSC) are likely to be addressed in near future. TCP serves the nation as a highly motivated corporate entity responsive to national needs and modern trading challenges and imports urea, sugar and other things on the directions of government. Whereas the PNSC ... Read More »

Putin to examine Azov-Black Sea basin ports

MOSCOW: The Russian President Vladimir Putin is likely to visit Novorossiysk to hold a meeting to examine the development of the Azov-Black Sea basin ports on Tuesday. As per details, the relevant ministers, heads of regions, representatives of the Agency for Special Construction (Spetsstroy) and other departments will attend the meeting presided by president. The president held the previous meeting ... Read More »

Importers wary of smuggling via ATT, discriminatory valuation guidelines

  KARACHI: Importers have once again expressed deep concerns over significant decline in trade activities due to alleged discriminatory implementation of valuation guidelines. The importers of Karachi, while sharing their views with Customs Today, said that the shifting of trade from Karachi port to dry ports in other cities is continued due to a significant difference in the customs values of ... Read More »

Chief Collector Nasir Masroor terms under-invoicing dilemma

KARACHI: Customs Chief Collector Appraisement-South Nasir Masroor Ahmed has said that the customs authorities issued valuation guidelines because principal appraisers and appraisers of the Pakistan Customs Services were not applying the customs values of commodities in proper way. He visited Karachi Chamber of Commerce and Industry (KCCI) on Wednesday. Collector MCC Appraisement-West Muhammad Saleem, Collector, MCC Appraisement-East Najeeb-ur-Rehman Abbasi, Collector ... Read More »

Customs Apraisement Lahore unearths Rs 208 million fraud  

  LAHORE – The Customs Collectorate Apraisement Lahore unearthed Rs 208.72 million tax fraud on 51 imported consignments of four years. In the FIR, Customs authorities accused that Customs Clearing Agent Messers Akram Associates in connivance with importer Massers Hussain Cane (PVT) Limited has been involved in mis-declaration and getting cleared imported Electrolytic Tin Plate and other steel sheets in ... Read More »

PNSC, Sri Lanka pact in doldrums: Secy Shipping Babar Yaqoob

ISLAMABAD: The agreement between Pakistan National Shipping Corporation (PNSC) and Sri Lankan Ministry of Ports and Highways seems to be in doldrums. Similarly, project of handling of millions of tons of coal through PNSC does not seem to be materialized. While talking to Customs Today, Secretary Ministry of Ports and Shipping Babar Yaqoob Fateh Muhammad observed that the current political ... Read More »

NESPAK to build jetties at Manora, Kemari costing Rs 820 million

KARACHI: The Karachi Port Trust (KPT) has hired consultancy services of the state-owned National Engineering Services Pakistan (NESPAK) for the construction of two jetties at Manora and Kemari islands in Karachi with a view to improve operations of the coastguard and accommodate increased number of boats. The existing Pilot Pier at Manora is more than 60 years old and is ... Read More »

PICT to shift import Container Yard to ease congestion

KARACHI: The Pakistan International Container Terminal (PICT) would shift its import CY Full Release FR/RF containers to a rental place at Bay West Yard, West Wharf to help ease off congestion. PICT intimated the information through a letter Ref # CSD00001 dated September 10. The letter signed by Manager, Customs Services, PICT said that PICT is compelled to shift the import ... Read More »

Import goods theft at Ports becoming severe: Muffasar Malik

KARACHI: Acting President of the Karachi Chamber of Commerce and Industry (KCCI), Muffasar Atta Malik has expressed deep concern over rising incidents pertaining to theft of imported goods during examination and clearance from all ports of Karachi city, which causes severe losses to importers. In a statement issued, acting president urged Ports and Shipping Ministry and Chairmen of all ports ... Read More »

2000 containers used to restrain Imran, Qadri marches

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Vice President Mian Tariq Misbah said that road blockade with containers may save the democracy but could subvert the economy. He said that delay in consignments has affected the business community, especially the small businessmen and industry. “If government has given the permission to the marches of Pakistan Tahreek-e-Insaf Chairman Imran khan ... Read More »

Heavy rains play havoc with Lahore dry ports

LAHORE: Like other areas of the city, torrential rains have played havoc with already insufficient infrastructure at the Lahore Dry Port; bring business activities to a grinding halt. The Mughalpura Dry Port and Thokar Niaz Baig Dry Port have faced devastation to their already underdeveloped infrastructure due to the recent heavy rains. The dry ports have been inundated in rainwater ... Read More »

China issues guidelines to revolutionize its shipping industry

BEIJING: China has come up with a set of guidelines to revolutionize its shipping industry while increasing shares in shipping firms such as China COSCO and China Shipping. The world’s biggest trading nation will introduce tax and other regulatory reforms while pushing shipping firms to upgrade and modernise their fleets to build an efficient, safe and environmentally friendly shipping system ... Read More »

Pakistan improves world ranking, but …

The World Economic Forum’s (WEF) has issued a Global Competitiveness Report for 2014 – 2015, indicating that there is improvement in the Pakistani economy, and it is now at 129th place out of 144 economies around the world. The report issued by Mishal Pakistan, the country partner institute of the Center for Global Competitiveness and Bench-marking Networks of the WEF, ... Read More »

Excise Department issues notices to recover luxury tax in Gujranwala

SIALKOT: The Excise and Taxation Department has issued notices to 170 owners of luxury houses in Gujranwala division to recover Rs 70 million as luxury tax. The Punjab government has recently levied luxury tax under the ratio of Rs 125,000 per kanal as property, including the posh localities of the cantonment boards. Director Excise and Taxation Ashiq Hussain Shah said ... Read More »

Govt urged to reap benefits of GSP Plus status

SIALKOT: The Sialkot Dry Port Trust (SDPT) chairman has urged the government ensure early implementation of the rules and regulations to protect environment, eradicate child labour and eliminate corruption under GSP Plus status granted by the European Union (EU) to reap full benefits of the status. Addressing an awareness seminar here, he said that early implementation of GSP Plus rules ... Read More »

Closing: Karachi stocks show 8.75 points increase on Thursday

KARACHI: The Karachi Stocks Exchange 100-index gained only 8.75 points on Thursday to reach 29604.30 mark as political standoff still prevails in Islamabad. The KSE 100-index opened at 29523.78 and total trade volume remained 128,676,320 shares. The highest increase witnessed in price of Fauji Cement, Telecard Limited, Jah sidd Company and Engro Corporation while the Unilever Pakistan, Siemens Pakistan, Shield ... Read More »

Political crisis amid inflation

The warning bells are ringing from all sides amid political crisis in Islamabad. The whole world is watching developments in Pakistan and friendly countries like China and the United States are looking the events with concern. The Indian prime minister, who is spitting venom against Pakistan since his Bharatiya Janata Party has come to power,is also worried about the situation ... Read More »

Vehicle amnesty scheme: FBR seeks reply from Collector Wasif Memon

KARACHI: Federal Board of Revenue (FBR) Customs Tariff-III Secretary Syed Ali Zaman Gardezi has asked the Collector of Customs (Inquiry Officer) Dr Wasif Ali Memon to submit his written reply against the impugned charge-sheet C 9 (2) /2014-M.I in connection with the illegal import of 119 vehicles under the amnesty scheme. As per details, the FBR has requested for attested ... Read More »