Dilapidated road infrastructure to ports jeopardizing trade operations

KARACHI: The ramshackle of the infrastructure and encroachments along the way has slowed down the cargo flow to and from the ports, jeopardizing the entire import and export operations. President Karachi Customs Agents Association (KCAA) Wasiq Hussain Khan said the dilapidated road infrastructure near Karachi Port and Port Qasim was… Continue reading

ECC waives off Rs700mn penal surcharge against overstayed consignments at ports

ISLAMABAD: The Economic Coordination Committee (ECC) has approved a proposal of Federal Board of Revenue (FBR) to waive off the accumulated penal surcharges of Rs.700 million against overstayed consignments at ports.[the_ad id=”31605″]The decision will enable importers to clear their overstayed cargoes and would also help reducing congestion at ports and… Continue reading

Ports to remain closed on Monday as strike continues

KARACHI: The strike called by the Action Committee of Customs assessment officers continues as more collectorates are likely to join the ‘cause’ and observe strike on Monday. A representative of the Action Committee said the strike was to protect the self-respect of assessment officers and it was not that the… Continue reading

Ministry of Commerce allows release of plastic scrap consignments

KARACHI: The Ministry of Commerce has advised the Federal Board of Revenue (FBR) to release the held up plastic scrap consignments. The Ministry had received several requests for release of consignments of plastic scrap imported in violation of SRO 149(I)/2015. The Ministry has decided to waive off the conditions stipulated… Continue reading