July 30 - August 05 , 2001
AICT starts operation
The newly-built Al-Hamd International Container
Terminal (AICT), an off-dock terminal facility to handle import and
export cargoes, started its operations on Thursday.
The United Marine Agencies will be utilizing the
AICT to provide more efficient handling of import/export cargoes
through one-door operations.
The terminal with a covered area of 3,000 square
meters is equipped with modern computerized programme and is capable
of handling 56,000 containers annually.
There is a separate dangerous goods shed with
efficient fire-fighting arrangements and a weigh bridge of 80 tons
Talking to newsmen, chief executive officer of
United Marine Agencies, Sohail Shams said that UMA was committed to
providing excellent services to their clients and decision of
utilizing AICT will further strengthen the commitment towards
providing competitive and efficient service.
Located at a close proximity to the port and the
Sindh Industrial and Trading Estate (Site) the terminal will
facilitate the easy accessibility and swift distribution of cargo.
UMA director Hakan Granander applauded the
government policies towards shipping industry and said that UMA would
like to be inline with development of logistic industry in the
He further said that with the inception of
dedicated container terminals and off-dock facilities, the country was
moving towards modern era of container and cargo handling. By
utilizing AICT off-dock facilities, he said, the UMA had introduced
third party logistics and warehousing system.
TCP hold an open auction
The Trading Corporation of Pakistan (TCP) said on
Wednesday it would hold an open auction in mid August for soyabean oil
imported under the United States' export donation programme.
"We are waiting for the final test report on
the commodity — the first consignment of which arrived on Sunday —
to fix an auction price," said a senior TCP official. The
official said the TCP would issue an auction tender in first half of
August, before which the finance ministry, the main importer of the
commodity, would finalise the price.
"The auction price would definitely be less
than the market price," he added. The official said the first
shipment of 25,000 tons of soyabean oil from the United States reached
Karachi's Port Qasim on July 22, and final delivery of a total 75,000
tons in three consignments was due to be completed by September.
Iran rejects offer to buy wheat
Iran on Wednesday rejected an offer to purchase
wheat from Pakistan despite extensive damage to its agricultural
sector following a fourth consecutive year of drought, the state IRNA
news agency reported.
During a meeting with visiting Commerce Minister
Abdul Razak Dawood, Iran's Minister of Reconstruction Mahmoud Hodjati
asserted that Pakistani wheat does not correspond with
"international standards from a sanitary point of view," and
rejected the offer to purchase 200,000 tons of wheat.
Hodjati said Tehran would reconsider the offer once
Pakistan attains the necessary international sanitary standards,
ignoring claims by Dawood that the "commercial balance between
the two countries is not equal." Iran, suffering from its fourth
consecutive year of drought, had recently announced that it was
looking to purchase some 10 million tons of wheat, five million of
which were to be imported. Iran's annual consumption rate of wheat
lies at some 15 million tons.
Import from Afghanistan increased
Import of different items from Afghanistan to NWFP
recorded significant increase in the out-going financial year,
according to import figures collected from official circles.
Apart from fresh and dry fruits, hand-woven
carpets' imports recorded increase in the 2000-01. As a result of
increase in imports from Afghanistan, the Torkham station of the
customs collectorate, Peshawar, recorded some 25 per cent increase in
Bonded warehouses allowed
The Central Board of Revenue (CBR) on Thursday
allowed setting up bonded warehouses in Gujranwala Division.
Earlier, the business were only allowed to install
bonded warehouses in the Gujranwala City for the storage of imported
The area in which the businessmen are now allowed
to set up bonded warehouses included Gujranwala, Hafizabad, Narowal
and Mandibahauddin districts.
Companies stop buying tobacco from growers
Tobacco companies have stopped purchasing white
patta tobacco from growers, saying they had completed their announced
quota and are no longer bound to purchase the surplus.
In the current purchasing season, the white patta
growers have been facing numerous problems because only Pakistan
tobacco Company (PTC) has purchased its direct quota from growers
while remaining companies had categorically denied purchasing white
patta, saying they have enough tobacco for the current year.
The tobacco experts said that 8 million kg tobacco
still remained with growers and they had no option but to beg for
purchasing of their lot by the tobacco companies. According to
agriculture experts all the companies are bound to purchase half of
its announced quota direct from growers and Pakistan Tobacco Board had
made it clear that the PTC requirement of white patta for year 2001 is
2 million kg, Lakson Tobacco Company 0.100 million kg, Salim Cigarette
Industry 0.020m kg, Universal Tobacco Company 0.020 million kg, Bara
Cigarette Industry 0.020 million kg,