AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)
Business & Finance

Japan take action to curb illegitimate used cars trade in Pakistan

  • The Embassy of Pakistan in Tokyo is taking all legal measures both in Pakistan and Japan to address the matter under applicable laws; and, to mitigate any possible unease that might be caused to legitimate trade
Published January 15, 2021

The Japanese government has announced to take action against clearance of used vehicles on the basis of fake/forged documents amid increasing agitation among the Pakistani business community in Japan.

“In view of the media reports regarding recent frauds unearthed by Pakistan Customs in Karachi regarding clearance of used vehicles on the basis of fake/forged documents and in response to the increasing agitation among the Pakistani business community in Japan, the Embassy of Pakistan in Tokyo is taking all legal measures both in Pakistan and Japan to address the matter under applicable laws; and, to mitigate any possible unease that might be caused to legitimate trade,” stated Pakistan Embassy in Japan.

The embassy stated that on December 24th 2020, Trade & Investment Counsellor (TIC) reported to the relevant authorities in Pakistan – Chief Collector Customs (Appraisement) Karachi, Federal Board of Revenue and Ministry of Commerce, submission of fake/forged documents for clearance of a vehicle in Karachi bearing fake seals/stamps of the Embassy and forged signatures of TIC.

“As a result of an inquiry initiated by FBR/Customs on this incident report, additional cases of fraud have also been unearthed by the authorities for which legal action has already been initiated by Pakistan Customs in Karachi in the form of FIRs against Customs Clearing Agents involved. Whereas, in Japan, Trade & Investment Section has already reported the matter to relevant authorities for verification and further investigation.”

It informed that the Mission intimated the customs authorities well in time to avoid wrongful clearance of the vehicle fraudulently on the basis of fake/forged documents, it has already proposed to review the scheme of importing used vehicles in Pakistan and automating clearance process for vehicles as a module of WEBOC to avoid such exploitation and frauds in future.

“In order to support and facilitate legitimate commercial activity, Trade & Investment Section has been processing all valid cases submitted by overseas Pakistanis living in Japan in routine without any delays; and, the Embassy will continue to support efficient clearance on the ports,” it said.

The embassy said that the customs authorities in Karachi have assured the Embassy of smooth clearance of genuine cases of import of used vehicles in Pakistan.

Comments

Comments are closed.