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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

KPT ships movement, cargo handling report

port and shipping

KARACHI: Following were the movements of ships and cargo handling at the Karachi Port Trust (KPT) during the last 48 hours, ending at 0700 hours on Tuesday. SHIPS BERTHED: Kota Nabil Container Ship Butinah Phosphate X Press Annapurna Container Ship ER Felixstowe Container Ship SHIPS SAILED: Canvasback MP The Belichick Crown Virtue Cape Male Kota Nabil Jasmine Express CARGO HANDLING ... Read More »

Port of Southampton and UK government launch first Port Economic Partnership

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The Department for Transport (DfT), in partnership with ABP’s Port of Southampton, has launched the UK’s first Port Economic Partnership (PEP), an innovative initiative to create stronger links between ports and government, to maximise long-term trade and economic growth. The Partnership will be launched at an event at London International Shipping Week, on board the NLV Pharos lightship. As part ... Read More »

At least two empty oil product tankers diverted from Saudi port

Workers direct the loading onto the MSC Tokyo cargo ship of a container of rice, part of a donation of 1,000 tonnes from the Brazilian government to the people of Sri Lanka, at Rio Grande Port in southern Brazil, January 25, 2012. From Turkey to Brazil, India to Saudi Arabia, a growning number of non-western donors are bringing fresh funds, a different mindset and their own experience of managing natural disasters to the global humanitarian aid scene. Picture taken January 25, 2012. To match feature DISASTERS-NEWDONORS/    REUTERS/Andres Stapff (BRAZIL - Tags: BUSINESS POLITICS SOCIETY)

LONDON : At least two refined product tankers that were due to load at Saudi Arabia’s Jubail port in mid to late September have been diverted, data from analytics firm Vortexa showed. The moves come after attacks on Saudi Arabia’s oil infrastructure on Saturday that cut the country’s crude output by more than half and reduced its refinery runs by ... Read More »

US envoy lauds Engro Elengy for fastest 250 ship-to-ship transfers

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KARACHI: US Ambassador Paul W. Jones has praised Engro and Excelerate Energy to achieve incredible milestone of the world’s fastest 250 ship-to-ship transfers of LNG. According to media,during his visit to Engro Elengy Terminal, the US envoy said “Engro and US company Excelerate, together, have proven to be a robust US-Pakistan partnership”. The US ambassador was welcomed by Engro Corporation ... Read More »

First container line service launches between Karachi, Gwadar and the Gulf

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KARACHI: : In order to increase connectivity of the Balochistan Port, the first container line service has launched between Karachi, Gwadar and the Gulf. China Ocean Shipping Company (COSCO) issued a statement, according to which the new service rotation of Port Qasim to Karachi to Gwadar, Jebel Ali, Sharjah, Abu Dhabi, Jebel Ali, and Port Qasim connects Gwadar with international ... Read More »

KPT Shipping Intelligence Report

port and shipping

KARACHI : The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Friday. ALONG SIDE (Bulk Oil Pier) OP-I Lahore D. Crude Oil PNSC 12/09/19 OP-II Pacific Sarah D. Mogas GAC 11/09/19 ALONG SIDE (East Wharves): 4 Ken Orchid D. Gen. Cargo Sea Hawks 12/09/19 10/11 Navios Sagittarius D. Meal Bulk-Sh. ... Read More »

KPT ships movement, cargo handling report

port and shipping

KARACHI: Following were the movements of ships and cargo handling at the Karachi Port Trust (KPT) during the last 24 hours, ending at 0700 hours on Thursday. SHIPS BERTHED: YM Bamboo Container Ship CoSCO Hong Kong Container Ship Botany Bay Container Ship Ubena Container Ship COSCO Japan Container Ship Sam Lion Clinkers Butinah Rock Phosphate Pacific Sarah Tanker CMA CGM ... Read More »

U.K. Reaches Post-Brexit Deal With World’s Oldest Customs Union

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The five members of the Southern African Customs Union and Mozambique have reached a deal with the U.K. to govern trade between them after Brexit. The new agreement mirrors the deal between those countries and the European Union and will come into effect if the U.K. leaves the bloc on Oct. 31, South African Trade and Industry Minister Ebrahim Patel ... Read More »

Activities of Port Qasim

port and shipping

KARACHI: A cargo volume of 164,771 tonnes comprising 140,127 tonnes of import cargo and 24,644 tonnes of export cargo including 3,574 loaded and empty containers (TEUs) was handled at Port Qasim during the last 24 hours on Friday. The total import cargo of 140,127 tonnes includes 55,675 tonnes of coal; 7,500 tonnes of palm oil; 7,090 tonnes of chemical; 17,206 ... Read More »

Govt preparing comprehensive policy to develop Karachi: Ali Zaidi

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KARACHI: Federal Minister for Maritime Affairs Syed Ali Hyder Zaidi has said that the federal government is preparing a comprehensive policy for the development of Karachi and the first phase of cleaning drains has been completed and garbage will be lifted in the second phase of Clean Karachi Movement spearheaded by him. The federal minister was addressing a meeting with ... Read More »

Iran’s Oil Exports Decline To Below 200,000 Barrels p/d In August

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Figures received by Radio Farda from Kpler, a data intelligence firm show Iran’s oil exports in August declined to 160,000 barrels per day, versus 365,000 in July. Last year in August Iran exported around two million bpd; before the United States imposed oil sanctions in November. Kpler’s figures indicate Iran exported 22 thousand bpd to Turkey, 33 thousand to Syria ... Read More »

KPT Shipping Intelligence Report September 5

port and shipping

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Thursday. ALONG SIDE (Bulk Oil Pier) OP-I Kudos D. Crude Oil PNSC 05/09/19 OP-II C Rock D. Chemical East Wind 04/09/19 ALONG SIDE (East Wharves): 1 Camila Spirit D. Chemical Wilhelmsen 05/09/19 10/11 Navios Sagittarius D. Meal Bulk-Sh. 16/08/19 ALONG ... Read More »

India wants to sabotage CPEC, Gwadar port projects: President Alvi

President Dr Arif Alvi 1

KARACHI: President Dr Arif Alvi said that India’s illegal actions in occupied Kashmir threatened the overall security situation in South Asia. Speaking at the inaugural brief of naval exercise ‘Shamsheer-e-Bahar VII’ and ‘Tarseel-e-Bahar II’ in Karachi, President Alvi said India wanted to sabotage the multi-billion dollar China-Pakistan Economic Corridor (CPEC) and Gwadar port projects, with its latest actions in occupied ... Read More »

KPT Shipping Intelligence Report September 3

Greek-Shipping

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Tuesday. ALONG SIDE (Bulk Oil Pier) OP-I Quetta D. Crude Oil PNSC 03/09/19 OP-II Star N D. SB Oil Sea Trade-Sh. 02/09/19 ALONG SIDE (East Wharves): 1 Oriental D. Chemical East Wind 02/09/19 10/11 Navios Sagittarius D. Meal Bulk-Sh. 16/08/19 ... Read More »

Iran’s foreign trade volume exchanges hit $35bn in five months

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TEHRAN: The latest statistics of the Islamic Republic of Iran Customs Administration (IRICA) showed that Iran’s foreign trade volume in the first five months of the current Iranian calendar year (March 21 – August 21) has reached $35.539 billion. The volume of exports of non-oil goods (excluding crude oil, fuel oil and kerosene and also without considering exports out of ... Read More »

Tax holiday for Gwadar Port brings it at par with Dubai, Singapore

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KARACHI: As Pakistan moves to declare its deep-sea port of Gwadar a duty-free zone along the lines of the Dubai and Singapore models, officials and shipping gurus rule out any direct competition with regional free ports, but say those setting up industries will have most to gain from the tax exemption. For well over a decade, Pakistan’s government has dreamed ... Read More »

JWG to expedite work on Gwadar Free Zone, work on 300 MW coal based power plant

CPEC

ISLAMABAD: The Joint Working Group on Gwadar decided to expedite the work on Gwadar Free Zone Phase -II, besides expediting work on 300 MW coal based power plant so that electricity could be provided which was crucial for development of port. The group met here with Secretary Planning Zafar Hasan in the chair to review the progress of developmental projects ... Read More »

Drop in Major Incidents in the Port of Singapore

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The number of major incidents[1] in the Port of Singapore has dropped over the last 10 years, with fewer than 0.12 major incidents per 100,000 vessel movements in 2018, down from 0.8 in 2009. Speaking at the fourth International Safety@Sea Conference held today, Dr Lam Pin Min, Senior Minister of State for Transport and Health, said, “I thank the maritime ... Read More »

Govt approves tax exemption laws for Gwadar port, free zone

To go with story 'Pakistan-China-unrest-economy-port,FOCUS' by Jennie MatthewThis photograph taken on February 12, 2013 shows the construction site at Gwadar port in the Arabian Sea. China's acquisition of a strategic port in Pakistan is the latest addition to its drive to secure energy and maritime routes and gives it a potential naval base in the Arabian Sea, unsettling India.   AFP PHOTO/Behram BALOCH

ISLAMABAD: The government on Wednesday approved a number of amendments to laws aimed to provide exemptions from income tax, sales tax and custom duties to the Gwadar port and free zone until 2039, but could not decide how to give legal cover to the decision. A meeting of the Economic Coordi­nation Committee (ECC) of the Cabinet presided over by the ... Read More »

KPT Shipping Intelligence Report August 28

Xiamen Port

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Wednesday. ALONG SIDE (Bulk Oil Pier) OP-I Nave Rigel D. Mogas GAC 27/08/19 OP-II Sapsan D. Mogas GAC 27/08/19 ALONG SIDE (East Wharves): 1 Al Mahboobah D. Chemical Wilhelmsen 26/08/19 2/3 Stolt Maple L. Ethanol East Wind 22/08/19 10/11 Navios ... Read More »