ANL 28.30 Increased By ▲ 0.24 (0.86%)
ASC 16.70 Increased By ▲ 0.08 (0.48%)
ASL 23.55 Decreased By ▼ -0.39 (-1.63%)
AVN 91.93 Increased By ▲ 0.81 (0.89%)
BOP 9.78 Increased By ▲ 0.10 (1.03%)
BYCO 9.68 Decreased By ▼ -0.22 (-2.22%)
DGKC 111.60 Decreased By ▼ -2.26 (-1.98%)
EPCL 48.30 Decreased By ▼ -0.54 (-1.11%)
FCCL 21.85 Increased By ▲ 0.04 (0.18%)
FFBL 27.39 Decreased By ▼ -0.26 (-0.94%)
FFL 18.52 Increased By ▲ 0.39 (2.15%)
HASCOL 14.70 Decreased By ▼ -0.12 (-0.81%)
HUBC 84.80 Decreased By ▼ -1.45 (-1.68%)
HUMNL 7.27 Decreased By ▼ -0.13 (-1.76%)
JSCL 30.80 Increased By ▲ 1.44 (4.9%)
KAPCO 40.56 Increased By ▲ 2.17 (5.65%)
KEL 4.13 Decreased By ▼ -0.08 (-1.9%)
LOTCHEM 15.65 Decreased By ▼ -0.35 (-2.19%)
MLCF 43.06 Decreased By ▼ -0.39 (-0.9%)
PAEL 39.43 Decreased By ▼ -1.06 (-2.62%)
PIBTL 12.85 Decreased By ▼ -0.19 (-1.46%)
POWER 11.41 Decreased By ▼ -0.33 (-2.81%)
PPL 95.99 Decreased By ▼ -1.99 (-2.03%)
PRL 24.40 Decreased By ▼ -0.99 (-3.9%)
PTC 9.70 Decreased By ▼ -0.08 (-0.82%)
SILK 1.21 No Change ▼ 0.00 (0%)
SNGP 45.85 Decreased By ▼ -0.65 (-1.4%)
TRG 102.88 Increased By ▲ 5.65 (5.81%)
UNITY 31.40 Decreased By ▼ -0.14 (-0.44%)
WTL 1.20 Increased By ▲ 0.05 (4.34%)
BR100 4,836 Decreased By ▼ -19.88 (-0.41%)
BR30 24,445 Decreased By ▼ -61.61 (-0.25%)
KSE100 45,727 Decreased By ▼ -204.32 (-0.44%)
KSE30 19,020 Decreased By ▼ -89.89 (-0.47%)
Business & Finance

International transit activity initiates at Gwadar Port

  • FBR has already notified International Transshipment Rules vide SRO 218(I)/2020 dated 10.03.2020.
26 Nov 2020

Under the directions of the Prime Minister of Pakistan to kick start operations at the Gwadar Port, the Federal Board of Revenue has taken the initiative which resulted in the arrival of the first fish carrier containing 200 Tons of fish from international waters at Gwadar.

The fish will be shipped to China in reefer containers, the Pakistan Customs said that it is all geared up to realize the vision of Prime Minister Imran Khan for transforming Gwadar into an International Transit trade Hub and facilitate trade through Gwadar Port.

FBR has already notified International Transshipment Rules vide SRO 218(I)/2020 dated 10.03.2020. A dedicated Directorate of Transit Trade has also been established at Gwadar to work closely with the stakeholders and transform Gwadar into a Transit trade hub.

As a result in the coming days, more vessels containing international cargo including LPG, Steel Pipes, DAP fertilizer for transit to Afghanistan is scheduled to arrive at Gwadar Port. This reflects the confidence of the international business community and shipping lines in the economic potential of the Port and excellent trade facilitation measures put in place by Pakistan Customs.

During the recent visit of a high-level Pakistani delegation to Afghanistan led by Advisor on Commerce, the Afghan businessmen have shown interest in making an investment for trade through Gwadar Port.