AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 215.53 Increased By ▲ 18.17 (9.21%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.79 Increased By ▲ 0.88 (14.89%)
DCL 9.17 Increased By ▲ 0.35 (3.97%)
DFML 38.96 Increased By ▲ 3.22 (9.01%)
DGKC 100.25 Increased By ▲ 3.39 (3.5%)
FCCL 36.70 Increased By ▲ 1.45 (4.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.13 Increased By ▲ 6.58 (5.16%)
HUMNL 13.63 Increased By ▲ 0.13 (0.96%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.87 Increased By ▲ 1.17 (2.62%)
NBP 61.28 Decreased By ▼ -0.14 (-0.23%)
OGDC 232.59 Increased By ▲ 17.92 (8.35%)
PAEL 40.73 Increased By ▲ 1.94 (5%)
PIBTL 8.58 Increased By ▲ 0.33 (4%)
PPL 203.34 Increased By ▲ 10.26 (5.31%)
PRL 40.81 Increased By ▲ 2.15 (5.56%)
PTC 28.31 Increased By ▲ 2.51 (9.73%)
SEARL 108.51 Increased By ▲ 4.91 (4.74%)
TELE 8.74 Increased By ▲ 0.44 (5.3%)
TOMCL 35.83 Increased By ▲ 0.83 (2.37%)
TPLP 13.84 Increased By ▲ 0.54 (4.06%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.84 Increased By ▲ 1.87 (5.67%)
WTL 1.72 Increased By ▲ 0.12 (7.5%)
BR100 12,244 Increased By 517.6 (4.41%)
BR30 38,419 Increased By 2042.6 (5.62%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)

A high powered Federal Board of Revenue (FBR) delegation will be flying to Kuwait in the next few days to finalise the protracted negotiations with Agility Logistics relating to the purchase of Pakistan Automated Customs Computerised System (PaCCS).
Agility officially announced on Monday that it has re-established access to the system on the commitment that payment of access fee will be made on Monday by FBR and that it would welcome FBR officials in Kuwait as it would want nothing more than to resolve the issue which has lingered for too long. Agility had shut down the system when its negotiations with high officials of FBR failed on the purchase of the system. Agility said it has been involved for considerable time in negotiations with FBR in the hope of finding solution to the issue - the long standing dispute and to secure fair compensation for its investment in Pakistan over the last six years and its continued provision of services to the country.
To see the country grow in the field of customs and automation, Agility has provided FBR with every opportunity to resolve the dispute on reasonable terms but the revenue body took all its gestures for granted, Agility said. FBR, it further said it had recently committed to resolve all matters by July 31, 2011 and the FBR was forewarned that unless all matters were resolved by that time and in the absence of payment of an access fee, Agility would simply have no alternative but to deny access to the system.
Disappointingly, FBR failed to resolve the dispute and also failed to pay a monthly access fee to the company, Agility said, adding that in the circumstances it had regrettably had no alternative but to cut off the system as it simply cannot continue to provide services over a period in excess of six years without fair and reasonable compensation.
The Agility statement further said: "It is with absolute regret and disappointment that Agility has been forced to respond in this manner. Agility has always honoured its commitment to the trade community and extended the system to their benefit." Since, the FBR today (Monday) committed to make payment for access fee pending the resolution of dispute, Agility re-established access to the system accordingly.

Copyright Business Recorder, 2011

Comments

Comments are closed.