Pakistan Intermodal Limited’s Post

>>>INDUSTRY NEWS<<< The Government of Pakistan will allow entry of Azerbaijan’s registered vehicles transporting transit and bilateral trade cargo into Pakistan. The Federal Board of Revenue (FBR) has issued an SRO.2016(I)/2024 to notify draft Azerbaijan-Pakistan Transit Trade Rules 2024 under the Azerbaijan-Pakistan Transit Trade Agreement, 2024 for processing of transit trade cargo through the specified ports under the Customs Computerized System, to and from Azerbaijan. It will cover Azerbaijan’s cargo imported through Karachi Port, Port Muhammad Bin Qasim, and Gwadar Port and Azerbaijan’s cargo to other countries through Karachi Port, Port Muhammad Bin Qasim, and Gwadar Port. The rules stated that Azerbaijan’s registered vehicles holding valid permits and being utilized for the transport of transit and bilateral trade cargo shall enter Pakistan without the requirement of submission of any financial security for the duty and taxes leviable on the vehicle on the basis of reciprocity, as agreed by the two Contracting Parties. The rules said that all transport operators and Customs clearing agents handling transit goods shall be required to open and maintain a “Revolving Insurance Guarantee PD Account” with Customs. The Directorate of Transit Trade, Peshawar, Quetta, and Gwadar shall be authorized to issue and regulate permits at their respective land border customs stations. In case, the transit goods are transported by foreign registered vehicles, wherein there is no tracker in the prime-mover that can be synced with the tracking device being installed on containers, a GPS tracking device shall be installed by the companies approved by FBR on the door or front cabin of the vehicle for tracking purposes, the new rules added. #Pakistanintermodal #LatestNews #logistics #logisticssolutions #supplychain

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