Customs Authorities unearths scam of Fake PRC for import of used vehicles

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Collectorate of Customs Appraisement (West), Karachi has unearthed massive scam in the clearance of old & used vehicles on submission of fake Proceed Realisation Certificate (PRC)/Encashment certificates, and involvement of staff of commercial banks. In this regard, Member (Customs-Operations), Chief Collector of Customs Appraisement (South) Wajid Ali and Collector of Customs Appraisement (West) Tahir Qureshi instructed the R&D…

Container Rates Continue to Fluctuate While Charters Move Higher

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Container shipping rates continue to be highly volatile as the industry moves towards a traditionally slower period during the Lunar New Year celebrations and a traditional easing of volumes in the subsequent months before it increases as the industry moves toward summer. While there have been signs in recent weeks of an easing on Pacific…

Pakistan looks to enter container shipping market with its own fleet

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Pakistan is exploring possibilities to acquire its own container ships fleet to face the current global supply chain difficulties, according to the country’s maritime minister.Pakistan’s Federal Minister of Maritime Affairs Ali Haider Zaidi told Reuters that the country would initially charter space on container vessels and test the market before it launches discussion on the…