Karachi Port Trust is under scrutiny for awarding a dredging contract to a “non-compliant” Chinese company. – Trendy Blogger

Karachi Port Trust is under scrutiny for awarding a dredging contract to a “non-compliant” Chinese company.

 – Trendy Blogger

The Karachi Port Trust (KPT) is facing criticism for recommending a vital dredging contract to a non-compliant Chinese company, despite strong opposition from its technical committee, according to a report. The move raises transparency concerns over public procurement processes and threatens critical infrastructure deadlines. The contract includes maintenance dredging of 4 million cubic meters of … Read more

Thousands of tons of petrochemicals stuck in Karachi port disrupt production – Trendy Blogger

Thousands of tons of petrochemicals stuck in Karachi port disrupt production

 – Trendy Blogger

KARACHI: Industries across Pakistan are facing serious production disruptions as thousands of tons of petrochemical containers remain stuck at Karachi Port. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh attributed the crisis to amendments made to the Petroleum Act of 1934 in 2023, leaving importers burdened with demurrage fines and … Read more

Iranian transport companies are required to provide bank guarantees for transshipment from Taftan to NLC dry port in Quetta – Trendy Blogger

Iranian transport companies are required to provide bank guarantees for transshipment from Taftan to NLC dry port in Quetta

 – Trendy Blogger

Iranian transport operators are now required to provide bank guarantees to Pakistani customs authorities for goods shipped via Iranian transport companies from Taftan border to NLC dry port in Quetta. The Federal Board of Revenue (FBR) introduced this change through the amendment to the Customs Rules 2001 through SRO.1913(I)/2024. Under the updated rules, Iranian transport … Read more