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Category: Ports and Shipping

  • Shipping agents demand forming task force to eliminate under/over invoicing

    Shipping agents demand forming task force to eliminate under/over invoicing

    KARACHI: Shipping agents have demanded the Federal Board of Revenue (FBR) to form taskforce / joint investigation team (JIT) to eliminate the menace of under / over invoicing, mis-declaration and smuggling in Pakistan.

    In a letter to the chairman of FBR Syed Muhammad Shabbar Zaidi, the Pakistan Ship’s Agents Association (PSAA) congratulated the chairman for his appointment as chief of the national tax collecting agency.

    The association said that the menace of smuggling was causing massive losses to the exchequer and also resulting in bad name of the country.

    “It is everybody’s knowledge that none of these nefarious activities can be carried out without facilitators/go-betweens,” the association said.

    “We believe that some of these facilitator types have FIRs already registered against them they should be fully investigated / dormant files should be revived.”

    “FBR should appoint a taskforce / JIT to address this issue on a war footing and all these culprits should be vigorously be pursued, caught and prosecuted.”

    The association said that customs intelligence, FIA, all border authorities, ministry of interior etc should all form special JIT to finish off this menace under the direct monitoring of the Prime Minister of Pakistan.

    The association further said that such types of facilitators were the enemies of the economy of the country. “We have also requested all our members from the maritime sector to keep a special watch for such facilitators and report immediately to concerned authorities.”

  • SRB suspends sales tax registration of M/s. Hellenic Shipping Agencies

    SRB suspends sales tax registration of M/s. Hellenic Shipping Agencies

    KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of M/s. Hellenic Shipping Agencies (Pvt) Limited for non-payment and non-compliance of return filing for the last eight years.

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  • Around 98pc offshore drilling near Karachi coast completes; nation to get good news in two weeks: Ali Zaidi

    Around 98pc offshore drilling near Karachi coast completes; nation to get good news in two weeks: Ali Zaidi

    KARACHI: The joint venture of foreign and local companies has completed around 98 percent drilling near Karachi coast for the possible discovery of huge reservoirs of oil and gas, Federal Minister for Maritime Affairs Syed Ali Haider Zaidi said on Saturday.

    The joint venture including ExxonMobil, ENI, PPL and OGDC is undertaking offshore drilling near Karachi coast. “The joint venture will drill around 5,500 meters and so far it has reached 5,392 meters,” the minister added.

    “The nation will receive good news regarding discovery in next two weeks,” he added.

    The minister was talking to media at an event to add another oil tanker to the fleet of Pakistan National Shipping Corporation (PNSC).

    He said that Pakistan annually paid around $4.5 billion as freight charges. “The addition of oil tanker to PNSC fleet will save huge foreign exchange reserves for the country,” he added.

    Talking about the hike in prices of petroleum products, he said that when the PTI government took charge the international oil price was at $51 per barrel and it had reached now $70 per barrel.

    Commenting on the ongoing negotiations for IMF loan program, he said that the present government was not willingly entering to IMF program. “We are taking loan to repay the old loans that were taken by PPP and PLM-N governments,” he added.

    He said that reducing tariff for gas and electricity was not solution as such reduction would compel the present government to take more loans as done by the previous governments.

  • Hutchison Ports Pakistan deploys five new hybrid yard cranes

    Hutchison Ports Pakistan deploys five new hybrid yard cranes

    KARACHI: Hutchison Ports Pakistan has announced to deploy five new hybrid yard cranes as the terminal continues with its productivity enhancement program and to provide better customer service.

    It brings the terminal’s total number of hybrid yard cranes to 31, said a statement on Tuesday.

    This new batch of equipment will improve the overall service potential of the terminal and will greatly increase berth productivity as well as landside deliveries.

    “We are constantly in pursuit of improving our industry and everything it touches”, said Captain Syed Rashid Jamil, General Manager and Head of Business Unit, Hutchison Ports Pakistan.

    “The addition of more hybrid cranes will enable us to further enhance the speed of our operations, directly and indirectly benefiting our customers. Moreover, we truly care for the communities around the port area.

    “The deployment of hybrid cranes will significantly help us reduce emissions as well as to protect and conserve air quality in our surrounding areas. We take this as our responsibility and will do everything we can to reduce the impact of our operations.”

    In October 2019, Hutchison Ports Pakistan will receive 11 state-of-the-art electric remote-controlled yard cranes. This induction will make Hutchison Ports Pakistan the only terminal in the region to deploy such equipment.

    Hutchison Ports Pakistan is situated at the estuary of the Keamari Groyne basin, providing the most convenient access to ships entering Karachi.

    The new facility is the closest Pakistan port to the shipping lanes in the Arabian Sea. Its prime location offers the shortest steaming time from the Fairway Buoy, and will bring real benefits to customers, relating to time, cost, reduction in risk of delays, and reduced carbon emissions.

    Hutchison Ports Pakistan is a member of Hutchison Ports, the port and related services division of CK Hutchison Holdings Limited (CK Hutchison).

    Hutchison Ports is the world’s leading port investor, developer and operator with a network of port operations in 51 ports spanning 26 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia.

    Over the years, Hutchison Ports has expanded into other logistics and transportation-related businesses, including cruise ship terminals, airport operations, distribution centres, rail services and ship repair facilities.

  • Committee constituted to enhance cargo, container transportation through rail service

    Committee constituted to enhance cargo, container transportation through rail service

    KARACHI – Sheikh Rashid Ahmed, the Minister for Pakistan Railways, led a delegation to the Karachi Port Trust (KPT) head office on Friday to explore opportunities for enhancing cargo transportation through rail services.

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  • Port Qasim Authority praised for successful handling LNG ships

    Port Qasim Authority praised for successful handling LNG ships

    Islamabad – Federal Minister for Maritime Affairs, Syed Ali Haider Zaidi, commended the Port Qasim Authority on Tuesday for its strategic management in handling the docking of LNG ships at berths. Zaidi emphasized that this proactive approach has played a crucial role in mitigating the impending gas crisis.

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  • Income Tax Ordinance 2001: taxation on non-resident ship owner, charterer

    Income Tax Ordinance 2001: taxation on non-resident ship owner, charterer

    KARACHI: A ship owned or chartered by a non-resident person before leaving any port in Pakistan is required to furnish a return of income.

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  • Two LNG ships arrive at Port Qasim

    Two LNG ships arrive at Port Qasim

    KARACHI: At least two liquefied natural gas (LNG) ships have arrived for the first time at Port Muhammad Bin Qasim. This monumental event has been confirmed by the Federal Minister for Maritime Affairs, Ali Haider Zaidi, marking a crucial development in Pakistan’s efforts to bolster its energy supply.

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