AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 136.21 Decreased By ▼ -0.24 (-0.18%)
BOP 5.38 Decreased By ▼ -0.06 (-1.1%)
CNERGY 3.72 Decreased By ▼ -0.08 (-2.11%)
DCL 7.41 Decreased By ▼ -0.09 (-1.2%)
DFML 45.40 Decreased By ▼ -0.01 (-0.02%)
DGKC 78.25 Decreased By ▼ -0.27 (-0.34%)
FCCL 28.58 Decreased By ▼ -0.31 (-1.07%)
FFBL 56.10 Decreased By ▼ -0.90 (-1.58%)
FFL 8.93 Decreased By ▼ -0.34 (-3.67%)
HUBC 101.70 Increased By ▲ 4.90 (5.06%)
HUMNL 13.15 Decreased By ▼ -0.25 (-1.87%)
KEL 3.75 Decreased By ▼ -0.02 (-0.53%)
KOSM 7.30 Increased By ▲ 0.02 (0.27%)
MLCF 37.05 Decreased By ▼ -0.75 (-1.98%)
NBP 66.60 Decreased By ▼ -0.90 (-1.33%)
OGDC 164.80 Decreased By ▼ -2.72 (-1.62%)
PAEL 24.80 Decreased By ▼ -0.30 (-1.2%)
PIBTL 6.62 Decreased By ▼ -0.08 (-1.19%)
PPL 128.00 Decreased By ▼ -3.50 (-2.66%)
PRL 23.86 Decreased By ▼ -2.54 (-9.62%)
PTC 14.80 Decreased By ▼ -0.30 (-1.99%)
SEARL 60.87 Decreased By ▼ -1.38 (-2.22%)
TELE 6.90 Decreased By ▼ -0.10 (-1.43%)
TOMCL 35.80 Decreased By ▼ -0.43 (-1.19%)
TPLP 7.65 Decreased By ▼ -0.23 (-2.92%)
TREET 14.05 Increased By ▲ 0.05 (0.36%)
TRG 44.59 Increased By ▲ 0.04 (0.09%)
UNITY 25.84 Decreased By ▼ -0.01 (-0.04%)
WTL 1.20 Decreased By ▼ -0.02 (-1.64%)
BR100 9,089 Decreased By -54.7 (-0.6%)
BR30 27,134 Decreased By -191.8 (-0.7%)
KSE100 85,250 Decreased By -335.3 (-0.39%)
KSE30 26,803 Decreased By -181 (-0.67%)

The Defence Export Promotion Organisation (DEPO) has appointed M/s Agility Logistics, software developer of the automated customs clearance system ''PaCCS'', as the sole official customs agent for the exhibition ''Ideas 2012'', sources said on Thursday.
They said the Federal Board of Revenue (FBR), which claimed finding ''serious discrepancies'' in PaCCS operations, suspended the same at all ports and replaced it with a locally-developed software called WeBOC. Meanwhile, the nomination of the Kuwait-based software developer as the sole customs agent in the highly sensitive defence-oriented exhibition has raised serious questions regarding the FBR''s rationale.
The sources said the conflict between FBR and M/s Agility Logistics surfaced when the software developer had presented a formal demand of $62 million for its services rendered since March 2005. They said at that time, the board was keen to purchase the software at market price, but the company offered to sell the same at $42 million, excluding service charges. However, the board, despite generating a revenue of Rs 1.75 billion on daily basis from PaCCS, declined its offer and dragged the issue to a French court for mediation.
Moreover, they said, the DEPO''s appointment of M/s Agility Fairs & Events (Pvt) Ltd as the sole official freight forwarder and M/s Agility Logistics (Pvt) Limited (CHAL No2248) as sole customs agent to file Goods Declaration (GD) for the exhibition had raised questions regarding the logic FBR''s decision. They said that "no other individual/organisation/clearing agent shall be allowed to act as freight forwarder and no other customs agent/ organisation/individual shall be allowed to file GDs for IDEAS- 2012". According to the sources, the DEPO would issue authorisation certificate for temporary import-cum-re-export for each consignment imported for display in the exhibition.

Copyright Business Recorder, 2012

Comments

Comments are closed.