Pakistan Revenue
Ports and shipping news covering maritime trade, logistics, port operations, shipping industry updates, and developments in global, regional sea transport.
KARACHI: The State Bank of Pakistan (SBP) has assured the business community of allowing to release all the containers with consignments of banned imported goods. In a statement issued on Monday, President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees said that the State Bank of Pakistan (SBP) has agreed to release all the […]
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ISLAMABAD: Pakistan on Thursday decided to lift the ban imposed on imported goods except for Completely Built Unit (CBU) of motor vehicles, mobile phones and home appliances. A review meeting was held to review the ban after two months owing to serious concerns raised by major trading partners on the imposition of ban and considering […]
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ISLAMABAD: Pakistan has imposed surcharge up to 15 per cent for clearance of consignments stuck up at ports and were banned for saving foreign exchange. The ministry of commerce issued an office memorandum dated July 22, 2022 pursuance to the federal cabinet decision to release the consignments of prohibited items. READ MORE: Pakistan allows release […]
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ISLAMABAD: Pakistan Tuesday allowed one-time release of consignment carrying imported goods that were banned by the government on May 19, 2022 and stuck up at ports. The country through SRO 598(I)/2022 imposed a ban on import of luxury and non-essential items in order to discourage outflow of dollars and support balance of payment. Due to […]
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Karachi Chamber of Commerce and Industry (KCCI) on Monday demanded the government of releasing containers imported goods that were banned through SRO 598(I)/2022.
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ISLAMABAD: Ali Haider Zaidi, Federal Minister for Maritime Affairs on Sunday said that the standard ship in Karachi would not be allowed to leave without recovering outstanding dues and inspection expenditures. Speaking to media here, he said that the ship was stranded and taken off the shores of Karachi. This is the first ship to […]
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KARACHI: Pakistan on Tuesday detained a cargo ship, which was stuck up at Karachi Seaview beach on July 21, 2021. The government has taken the decision to detain the ship after an inspection found the vessel in defective condition. According to a letter issued by a department of Ministry of Maritime Affairs to the captain […]
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KARACHI: Karachi Port Trust (KPT) has confirmed the sinking of a container laden with sugar through a statement released few moments ago. It is stated: “Truck loaded with sugar cargo while leaving berth number 5, East Wharf, after issuance of bilty encountered mechanical failure at around 5:20 pm today [Saturday], dated: 31.07.2021, fell in port […]
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KARACHI: A container carrying around 39 metric tons (MT) of refined sugar fell into the sea from a ship berthed at the Karachi Port on Saturday evening. The container fell into the sea while handling by a trawler at berth No. 5 West Wharf of Karachi Port, sources said. It is believed that the container, […]
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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 order to facilitate trade in payments. The SBP issued the draft amendments and invite stakeholders’ comments before finalizing the foreign exchange manual. According to the […]
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