AGL 40.15 Increased By ▲ 0.12 (0.3%)
AIRLINK 127.80 Increased By ▲ 0.10 (0.08%)
BOP 6.70 Increased By ▲ 0.09 (1.36%)
CNERGY 4.50 Decreased By ▼ -0.10 (-2.17%)
DCL 8.88 Increased By ▲ 0.09 (1.02%)
DFML 41.44 Decreased By ▼ -0.14 (-0.34%)
DGKC 86.50 Increased By ▲ 0.71 (0.83%)
FCCL 32.61 Increased By ▲ 0.12 (0.37%)
FFBL 65.01 Increased By ▲ 0.98 (1.53%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 113.27 Increased By ▲ 2.50 (2.26%)
HUMNL 14.85 Decreased By ▼ -0.22 (-1.46%)
KEL 5.08 Increased By ▲ 0.20 (4.1%)
KOSM 7.38 Decreased By ▼ -0.07 (-0.94%)
MLCF 40.60 Increased By ▲ 0.08 (0.2%)
NBP 61.20 Increased By ▲ 0.15 (0.25%)
OGDC 196.36 Increased By ▲ 1.49 (0.76%)
PAEL 27.04 Decreased By ▼ -0.47 (-1.71%)
PIBTL 7.35 Decreased By ▼ -0.46 (-5.89%)
PPL 154.48 Increased By ▲ 1.95 (1.28%)
PRL 26.32 Decreased By ▼ -0.26 (-0.98%)
PTC 16.28 Increased By ▲ 0.02 (0.12%)
SEARL 87.11 Increased By ▲ 2.97 (3.53%)
TELE 7.78 Decreased By ▼ -0.18 (-2.26%)
TOMCL 36.29 Decreased By ▼ -0.31 (-0.85%)
TPLP 8.87 Increased By ▲ 0.21 (2.42%)
TREET 16.67 Decreased By ▼ -0.99 (-5.61%)
TRG 62.98 Increased By ▲ 4.36 (7.44%)
UNITY 28.51 Increased By ▲ 1.65 (6.14%)
WTL 1.35 Decreased By ▼ -0.03 (-2.17%)
BR100 10,143 Increased By 142.6 (1.43%)
BR30 31,424 Increased By 422.1 (1.36%)
KSE100 95,094 Increased By 901.7 (0.96%)
KSE30 29,531 Increased By 330.4 (1.13%)

The government is considering to revise the Afghan Transit Trade Agreement (ATTA) to provide direct transportation of the transit cargo from Karachi Port to Afghanistan, bypassing the cumbersome procedure of unloading and reloading of cargo at Peshawar Dry Port.
Sources told Business Recorder on Sunday that the government is examining four major proposals to remove hindrance in the clearance of transit goods to Afghanistan. The Central Board of Revenue (CBR), Ministry of Commerce (MoC), National Logistics Cell (NLC) and World Bank (WB) have been engaged in reviewing these proposals.
First, a proposal is under consideration to establish a customs station at Jamrud, instead of Torkham, to clear all transit cargo, which will end the requirement of obtaining 50 acres lands for the construction of a border terminal at Torkham.
Secondly, the officials are working on a feasibility of rehabilitation of rail track from Landi Kotal upwards and its extension to Afghanistan up to the Customs House on the Afghan side.
Third, the Central Board of Revenue (CBR) may make Azakhel and Amangarh as operational customs stations.
Sources said that the measures would ensure elimination of inefficiencies in the smooth flow of goods in transit to Afghanistan. Recently, a large volume of the Afghan Transit Trade (ATT) had been diverted to Iranian port of Bandar Abbas due to non-availability of adequate transportation facility at the ports in Karachi. Importers usually opt for alternative mode of transportation for clearance of their consignments and to save themselves from demurrage and other charges, which they have to pay if they failed to clear their goods within the free time period.
The average arrival of non-commercial cargo mostly belongs to diplomatic, non-governmental organisations (NGOs), United Nations Development Programme (UNDP).
The Central Board of Revenue (CBR) had directed the collectorate of customs (appraisement) at Port Qasim to allow transportation of ATTA cargo through National Logistics Cell (NLC) till the backlog is cleared.

Copyright Business Recorder, 2005

Comments

Comments are closed.