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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

RPT-EXCLUSIVE-How Iran fuel oil exports beat U.S. sanctions in tanker odyssey to Asia

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SINGAPORE/BAGHDAD/TRIPOLI, : At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port information, as well as interviews with brokers and traders. The shipments were loaded onto tankers with documents showing the fuel oil was Iraqi. But three Iraqi oil industry ... Read More »

Oil depot, terminal at Gwadar to be set up soon, Senate body told

Gwadar

ISLAMABAD: The Senate Standing Committee on Aviation was told on Wednesday that soon an oil depot or terminal would be set up at Gwadar to facilitate the passengers. A meeting of the committee was held here at the Parliament House with Senator Mushahidullah Khan in the chair. Senator Manzoor Ahmed Kakar said Gwadar was going to become the country’s economic ... Read More »

Activities at Karachi & Qasim Ports

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KARACHI: The Karachi Port handled 134,893 tonnes of cargo comprising 82,249 tonnes of import cargo and 52,644 tonnes of export cargo including 5,972 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 82,249 tonnes comprised of 42,727 tonnes of containerised cargo and 39,522 tonnes of oil/liquid cargo. The total ... Read More »

Activities at Karachi and Qasim ports

Karachi Port

KARACHI: The Karachi Port handled 196,817 tonnes of cargo comprising 155,864 tonnes of import cargo and 40,953 tonnes of export cargo including 4,190 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargos of 155,864 tonnes comprised of 41,920 tonnes of containerised cargo and 113,944 tonnes of oil/liquid cargo. The total ... Read More »

Half of Iran’s ‘Non-Oil’ Exports Petroleum-Based

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Tehran : some 50% of Iran’s “non-oil” exports actually consist of petroleum-based products and petrochemicals that either directly or indirectly come from the oil industry. Latest statistics provided by the Islamic Republic of Iran Customs Administration shows overall “non-oil” exports hit 105.9 million tons worth $40.07 billion during the 11 months to Feb. 19 to register a 6.36% decrease in ... Read More »

Gwadar fishermen plan protest camp

Gwadar Port

QUETTA: Fishermen of the port city of Gwadar have announced their plan to re-launch their postponed protest from Monday, saying that the government has failed to resolve the issue of changing the design of the East-Bay Expressway. The President of the Fishermen Alliance Committee, Khuda-i-Dad Wajo, announced this during a press conference. He said the committee had postponed the protest ... Read More »

China, Iraq, UAE, Afghanistan, Turkey are main importers of Iranian products.

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The Islamic Republic of Iran is an economically developed country in South-West Asia and is the largest economy in the region, coming after China, Japan, India, Turkey, Indonesia and South Korea in Asia in terms of GDP. According to the Iranian Customs Administration, Iran’s trade balance for April 2018-March 2019 is $ 1.5 billion. The export of non-oil products from ... Read More »

Kuwait plans investment in water, energy projects in Gwadar

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QUETTA : Balochistan Chief Minister Jam Kamal Khan said the world has been eyeing Gwadar after the Chinese investment and soon the dream of making the port city into an economic hub of the region will come true. “The western parts of Balochistan are suitable for investment in energy while there are various other opportunities of investment in provincial agriculture ... Read More »

Pakistan names traders qualified to supply six cargoes of LNG

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KARACHI: Pakistan LNG said trading houses BB Energy, Gunvor, Trafigura, Vitol, DXT Commodities and SOCAR Trading were qualified in a tender to supply six cargoes of liquefied natural gas (LNG). The tender was announced on Feb. 6. Pakistan LNG said it had received 25 bids. The lowest bidders would be announced on Tuesday, a Pakistan LNG document said. Read More »

Report on offshore drilling near Karachi to be released after March 15

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KARACHI: Adviser for Shipping and Ports Mehmood Molvi has said the report on offshore drilling by multinational companies for exploration of oil and gas will be delayed by a week according to media reports. Exxon Mobil, the world’s biggest oil and gas company has stopped offshore drilling for oil exploration for now, the adviser said. He said drilling machine parts ... Read More »

Trade group warns 3,000 customs agents needed for hard Brexit

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Up to 3,000 extra customs agents and a €50 million fund to train them will be required to process the surge in the volume of declarations on traded goods after Brexit, a group representing freight forwarders has said. The number of customs, safety and security, and transit declarations that will have to be filled out after Brexit will surge from ... Read More »

CPEC II agreement made with China: Shah Mehmood Qureshi

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ISLAMABAD: Foreign Minister Shah Mehmood Qureshi said that Pakistan has signed China Pakistan Economic Corridor agreement with China phase II, under the Pakistan Tehreek-e-Insaf led government, adding that the contract has gone onto the next phase. The FM was addressing a ceremony, where he said that the CPEC project is in no danger. He said that the next phase of ... Read More »

US delegation visits Hambantota Port

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Colombo : A delegation headed by US Ambassador to Sri Lanka and Maldives Alaina B. Teplitz, visited the Hambantota International Port . The visit was a part of the US Government’s mission to meet senior government and private sector officials, to discuss investment opportunities in Sri Lanka as well as to tour key economic development projects. The Ambassador was accompanied ... Read More »

Gwadar Port seeks permission from DTT for clearance of ATT cargo

Gwadar Port

GWADAR: Gwadar Port has sought permission from Directorate of Transit Trade (DTT) for clearance of cargo for Afghan Transit Trade (ATT). In a letter sent to the DTT by Gwadar International Terminal Ltd, it said that necessary infrastructure for connecting Gwadar Port to Afghanistan and Central Asian States was in place and negotiation with bonded carriers was in progress for ... Read More »

Land acquired for shipyard in Gwadar

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KARACHI: Karachi Shipyard and Engineering Works (KSEW) has acquired land at Gwadar for the development of another shipyard, which has been approved by Prime Minister Imran Khan, KSEW Managing Director Rear Admiral Ather Saleem said. Meeting with a delegation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he said, “The decision has been taken in view of increased ... Read More »

China blocks canola shipments from Canada’s Richardson: customs document

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BEIJING/KABUL : China has canceled major Canadian agribusiness Richardson International Ltd’s registration to ship canola to China, according to a document listing approved exporters posted on the website of the Chinese customs administration on March 1. It wasn’t immediately clear why Richardson’s exports into China, the world’s top importer of canola, had been halted. Officials at China’s General Administration of ... Read More »

French union bosses threaten to cripple ports after Brexit if they don’t get extra cash

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REBELLIOUS French union bosses today threatened to bring Channel ports grinding to a halt after Brexit. Workers in Calais said they’d block traffic between Britain and France if they didn’t get bumper pay rises. The threat comes as a blow to the EU’s attempts to prepare for a possible No Deal Brexit. Today the unions staged a protest in Calais and ... Read More »

ADB-supported Master Plan to steer port development until 2050

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Ports Shipping and Southern Development Minister Sagala Ratnayaka said a master plan supported by the Asian Development Plan (ADB) would lay a robust foundation for the ports and maritime sector’s development until 2050. “We had a lengthy meeting yesterday on the master plan and its proposals for every port in the country. It is a comprehensive programme that will serve ... Read More »

Chabahar customs in iran to release 1,000 auto spare parts containers

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Tehran : The director general of Chabahar customs Azizollah Shams has announced that the 3-month deadline for releasing 3,000 containers with imported car parts is over, and 1,000 of these containers will be released in 20 days. Previously, Shams said that of the 10,000 containers of imported spare parts, some 3,000 of them are held up at the Chabahar customs, ... Read More »

Key sectors lead efforts to achieve Saudi Vision 2030

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RIYADH : Leading government authorities such as Saudi Customs and Saudi Ports Authority (Mawani), as well as major companies such as Bahri and Saudi Aramco Marine Department, which play a key role in the implementation of the latest development initiatives across Saudi Arabia, will share significant insights on how strategies under the Saudi Vision 2030 intend to deliver the desired ... Read More »