AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,506 Increased By 12.9 (0.17%)
BR30 24,683 Increased By 124.5 (0.51%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)

ISLAMABAD: The Federal Board of Revenue (FBR) has relaxed the criteria of financial position of companies intend to provide GSM or GPRS or satellite communication services for monitoring and tracking, on a real-time basis, of containers and vehicles carrying cargoes throughout the journey.

The FBR has issued SRO 1317(I)/2020 Thursday to amend the Tracking and Monitoring of Cargo Rules, 2012.

According to the revised rules, the FBR spelled out a detailed procedure for the grant of a licence to the company to be engaged in tracking and monitoring of various types of cargo throughout the journey from the port of entry to the port of exit or from one warehouse to another, on real-time basis.

The FBR has laid down a detailed criterion for the companies who wanted to carry out tracking and monitoring of cargo including transit cargo, transshipment cargo and transportation of petroleum products to Afghanistan. Under the criteria for grant of licence to the applicant, the company shall be in a financial position to undertake the project-minimum turnover of Rs350 million, and financial worth of Rs200 million.

After relaxation of the condition, it shall be in a financial position to undertake the project-minimum turnover of Rs175 million and financial worth of Rs100 million.

The rules said that the licensee shall also provide extension of tracking or monitoring to trans-border, if required; customised land marking; customised analytical reports; scalable solution to handle additional units and single interface for monitoring of containers and authorised carriers. As per rules, no company shall carry out tracking and monitoring of cargo, unless it has obtained a licence under these rules. No licensee under these rules shall establish, maintain or operate any telecommunication system or provide any telecommunication service, which is not authorised under the licence issued to it by the Pakistan Telecommunication Authority (PTA).

The rules have also elaborated the functioning of Licensing Committee.

Copyright Business Recorder, 2020

Comments

Comments are closed.