21 June 2021 – PESHAWAR: A delegation of businessmen from Khyber Pakhtunkhwa called on Federal Minister for Railways, Muhammad Azam Khan Swati and apprised him about the problems being faced by them due to lack of facilities at Azhakhel Dry Port in the Nowshera district of KP. Zia-ul-Haq Sarhadi, a prominent businessman and convener for…
4 April 2021 – ISLAMABAD The Federal Board of Revenue (FBR) has allowed integrated operators, warehouses, authorised couriers, ground handling agents, freight forwarders and logistics service providers to register as Authorised Economic Operators (AEOs) for obtaining benefits including trade facilitation, speedy clearance of imports and exports consignments, and timely payment of refunds/duty drawback to the…
01 Sep 2020 ISLAMABAD: The Federal Board of Revenue (FBR) will issue gold, platinum and silver certificates to the Authorised Economic Operators (AEOs) for providing them a wide range of benefits including trade facilitation, speedy clearance of imports and exports consignments and timely payment of refunds/duty drawback to the holders of such certificates. The FBR…
Dec 12 2019 / Daily Times A Chinese Customs delegation visited the FBR and held detailed meetings with Pakistan Customs on December 10-11 to further cooperation between the Customs Authorities of the two governments. General Customs Administration of China and Pakistan Customs under the FBR are actively involved in cooperation, information exchange, and enforcement coordination.…
By Zafar Bhutta Dec 11 2019 / The Express Tribune ISLAMABAD: Pakistan, being a signatory to the World Trade Organisation (WTO), has decided to introduce a bill for creating a single window in order to facilitate cross-border trade. Pakistan has signed WTO’s Agreement on Trade Facilitation and has notified the establishment of Pakistan Single Window (PSW)…
By Reinhard Poelzl Oct 24 2019 / Logistics Viewpoint Historically, governments have focused on the exporter of record when looking for sanction or embargo violations, including of the movement of sensitive dual-use products and technologies across borders. However, all parties to an export transaction, including freight forwarders and carriers, are subject to the same rules,…
TODAY’S PAPER – BUSINESS June 29, 2019 LAHORE: The prevailing culture of tolerating collusive behavior, exploitation, and organised cartelisation is the reason that Pakistan lags behind the rest of the world when it comes to market competition, while political will to support anti-trust agencies is also very weak here. The judicial system in Pakistan does…
The missing links that prevent a market worth $34.2 billion from doubling its potential AYESHA SHAIKH The performance of the logistics sector provides a stark contrast to the economic recession Pakistan has been mired in. As of December 2018, the logistics sector is valued at $34.2 billion, registering an annual growth rate of 18% between…
