The Central Board of Revenue (CBR) will launch a new cargo clearance system from February 1, 2007 which will remain operative 24 hours, seven days a week, at all airports and sea ports.
Revenue Division Secretary-General and CBR Chairman M. Abdullah Yusuf announced the launching of the new system at the quarterly conference of collectors of customs and collectors (Appeals) on Monday.
Official sources told Business Recorder that CBR has finalised arrangements for launching of the new cargo clearance system. In this regard, the CBR has approached National Bank of Pakistan (NBP) for working on 24 hours basis. A detailed meeting of CBR and NBP officials was recently convened at Karachi.
Responding to CBR''s request, the NBP agreed to open all its branches for seven days on 24 hours basis for customs purposes. The branches would facilitate the clearance process on regular basis, sources said.
Meanwhile, CBR Chairman informed the collectors'' conference that the new cargo clearance system would facilitate trade, both imports and exports. It would not only save time to a large extent but would also considerably reduce the cost of doing business. The CBR Chairman said that the "new initiative is in the best interests of trade. All clearance points will work 24 hours in all seven days of a week."
Emphasising execution of the system in an efficient manner, he advised the collectors that there must not be any let-up from any side. The decision of the government must be implemented in its true spirit, as it would facilitate the traders tremendously, he added.
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