Customs Rules tightened for International Transshipment

ISLAMABAD: Federal Board of Revenue (FBR) has tightened the monitoring of international transshipment of imported cargo from gateway port to a foreign port. The FBR issued SRO 03(I)/2021 to amend Customs Rules,... Read more »

Transit trade activity starts at Gwadar Port

ISLAMABAD: A first carrier containing 200 tons of fish from international waters arrived at Gwadar. The fish will be shipped to China in reefer containers, said Federal Board of Revenue (FBR) on... Read more »

Pak-Qater signs deal to provide online Takaful services to HashMove clients

KARACHI: Pak-Qatar General Takaful (PQGTL) has signed a MoU with HashMove (a global multi-modal logistics platform) to provide online Takaful coverage for cargo (Sea/Air/Warehousing & Land) for businesses in Pakistan. The purpose... Read more »

List of companies for pre-shipment inspection under import policy

ISLAMABAD: The ministry of commerce has issued list of companies for pre-shipment inspection as envisaged in different provisions of Import Policy Order, 2020 shall be done in the exporting country. The ministry... Read more »

Resident shipping companies granted final tax regime

ISLAMABAD: The income tax law has allowed final tax regime for Pakistani resident shipping company, which is registered after November 15, 2019. According to explanation to changes made to Income Tax Ordinance,... Read more »

Resident ship owners to pay tonnage tax at US 75 cents

ISLAMABAD: A Pakistan resident ship owning company shall pay tonnage tax of an amount equivalent to US 75 cents per ton, as proposed through Finance Bill, 2020. A new clause (c) has... Read more »

ECC approves free period for cargo, containers landing up to May 31

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet non Wednesday approved free period from five working days to 15 working days for cargo and containers landing up to May 31, 2020.... Read more »

Terminal operators refuse to extend waiver from detention, demurrage charges: KCCI

KARACHI: Terminal operators have refuse to extend waiver from demurrage and detention charges despite clear instruction of the government to facilitate the trade in the wake of COVID-19. The terminals are demanding... Read more »

DP World takes precautions for consignment clearance at QICT to prevent COVID-19 spread

KARACHI: DP World has issued advisory regarding precautionary measures against coronavirus (COVID-19) for clearance of consignments at Qasim Qasim International Container Terminal (QICT). Read more »

Port Qasim advised to ensure environmental compliance in unloading soybean cargo

KARACHI: Sindh Environmental Protection Agency (SEPA) has asked Port Qasim Authority (PQA) to ensure environmental compliance while unloading soybean cargo, officials said on Saturday. Read more »