Category: Ports and Shipping
Banks may accept container detention, demurrage charges
KARACHI: The State Bank of Pakistan (SBP) has issued draft amendment to Foreign Exchange Manual under which banks may be allowed to accept container detention charges and demurrage charges in […]
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 […]
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 […]
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. […]
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. […]
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 […]
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 […]
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 […]
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 […]
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).