AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

The Auto Industry Development Committee (AIDC) has refused to support proposed amendment in the Trade Policy meant to name the pre-shipment inspection agencies, after strong opposition from the local OEMs, well informed sources told Business Recorder.
The committee in its previous meeting was informed about inter-ministerial group comprising of Ministries of Science & Technology, Commerce and National Food Security & Research constituted to review the list of pre-shipment inspection companies.
The committee was also briefed that the group had decided that following text would be included of IPO instead names of pre-shipment inspection agencies: (i) pre-shipment Inspection shall be conducted by inspection agencies accredited in accordance with the requirement of ISO/IEC 17020; (ii) the inspection agency''s scope of accreditation shall encompass the type of inspections required for the particular inspection work; (iii) the accreditation of inspection agency must be issued by an accreditation body in the country of origin or export, which is operating in accordance with ISO/IEC 17011, and preferably a member of International Laboratory Accreditation Co-operation (ILAC). List of such agencies is available on www.ilac.org and ;(iv) in case, there is no accreditation body in the country of origin or export, a pre-shipment Inspection Certificate will be issued by one of the inspection agencies accredited by Pakistan National Accreditation Council. Details of Inspection Bodies are available on www.pnac.org.pk.
Keeping in view the reservations raised by the local OEMs the committee decided not to support the proposed amendment in the Trade Policy. However, Ministry of Commerce may take the final decision in view of international commitment, if any, but after ensuring protection for the local industry against misuse. The committee was briefed that 10th meeting of the Advisory Committee of Ministry of Planning, Development and Reform was held under the chairmanship of Minister for Planning, Development and Reform in August, 2016. EDB made a presentation on deletion programs and its implementation and the ADP (2016-21). Further, following decision taken by the Advisory Committee "EDB will carry out a study on converting Automobile Industry into an export oriented industry."
The AIDC advised PAMA and PAAPAM to ensure feedback to EDB for submission of recommendations on converting automobile industry into export oriented industry. The committee was briefed about the request of Ghandhara DF (Pvt) Ltd., regarding start of production period as per following schedule from date of commercial production on products approved by the AIDC in previous meetings:
The committee was informed that since the above case was the last under previous Auto Policy i.e. 2007- 2012 they may therefore be facilitated however for all future cases involving investment/ localization plans, generation of first sales tax invoice may be considered as start of commercial production. The committee approved the request of M/s Gandhara DF and that in future first Sales Tax invoice shall be considered as start of commercial production.

Comments

Comments are closed.