Islamabad, June 5, 2023: A high-powered commission, appointed by the finance minister of Pakistan, has expressed concerns regarding the verification of freight charges in CFR/CNF (Cost and Freight/Cost, Insurance, and Freight) invoices, which has led to potential underdeclaration of CNF values and the exclusion of freight charges on the Bill of Lading.
(more…)Category: Ports and Shipping
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FPCCI welcomes direct shipping, cargo service between Russia and Pakistan
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed its support for the commencement of direct shipping and cargo service between Russia and Pakistan.
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Russian cargo vessel arrives at Karachi Port
The Russian container vessel “Crystal St Petersburg” successfully made its maiden call at Karachi Port after a journey of 21 days, said a statement issued on Thursday May 25, 2023..
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Abu Dhabi Ports, Karachi Port Trust sign MOU to boost regional connectivity
A high-powered delegation from Abu Dhabi Ports Group (AD Ports) recently visited Karachi and met with Faisal Sabzwari, the Federal Minister for Maritime Affairs of Pakistan. Led by Captain Mohamed Juma Al Shamisi, CEO and Managing Director of AD Ports Group, the delegation discussed strengthening bilateral ties and regional connectivity.
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Pakistan Single Window expands operations to dry ports
Pakistan Single Window (PSW) has announced the extension of its operations to all dry ports (except Quetta), effective May 3, 2023. This move aims to enhance the facilitation of cross-border trade operations in Pakistan.
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FBR allows processing of Uzbek transit goods through ports, terminals
The Federal Board of Revenue (FBR) has announced that Uzbek transit goods can now be processed through Customs-ports and terminals in Karachi Port, Port Muhammad Bin Qasim, and Gwadar Port under the Uzbekistan-Pakistan Transit Trade Agreement.
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Maersk Pakistan encroaches KPT land
KARACHI: Maersk Line Pakistan (Pvt) Limited has encroached land of Karachi Port Trust (KPT) situation at Mai Kolachi Road, Karachi.
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Business community cries foul over delay in release of stuck-up containers
KARACHI: Business community cries foul over delay in release of stuck-up containers at ports despite assurance of government authorities.
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LC restrictions open doors for smuggling of automobile spare parts
KARACHI: Restrictions imposed on opening of Letter of Credit (LC) for import payment have given massive rise to smuggling of automobile spare parts.
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KCCI urges shipping lines, terminal operators to waive detention, demurrage charges
Karachi Chamber of Commerce and Industry (KCCI) on Saturday urged shipping lines and terminal operators to waive demurrage and detention charges to stuck-up containers at ports.
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