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Home Islamabad

Commerce Ministry asked to make TCP contract with PNSC

byCustoms Today Report
17/07/2014
in Islamabad, Latest News, Ports and Shipping, TCP, TDAP, EPB, Trade Associations
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ISLAMABAD: The Standing Committee on Ports and Shipping met in the Parliament House, Islamabad under the Chairmanship of Syed Ghulam Mustafa Shah, MNA to consider the following agenda:- Input by the Ministry of Commerce relating to the issues of Pakistan National Shipping Corporation (PNSC).

The Chairman, Pakistan National Shipping Corporation (PNSC) with reference to ECC decisions of 22nd November, 2012 wherein PNSC proposed undertaking transportation of cargo being imported by PSO, PSM, TCP, PASCO and other public sector organizations. He was of the view that aforesaid public sector organizations are importing goods worth billions of US dollar on C&F basis. For this purpose, a summary was presented in ECC. The decision of ECC was promulgated by M/o Ports & Shipping directing all Ministries/ Divisions Autonomous/Semi Autonomous bodies, in public sector to implement the decision in letter and spirit. The Committee observed that Trading Corporation of Pakistan (TCP) imports all cargoes on C&F basis which yield no support to PNSC. The Standing Committee on Ports & Shipping directed that in order to implement the ECC decision in true spirit by TCP, the Ministry of Commerce should issue directive to TCP to enter into long term Contract of Affreightment (COA) with PNSC for all its imports and exports on a market based formula. The Standing Committee was informed that the meeting will take place within a month, decision of which to be presented in the next meeting of the Standing Committee.

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Tags: C&F basisChaudhary Hamid HameedIslamabad under the Chairmanship of Syed Ghulam Mustafa ShahKhalil GeorgeLal Chand MalhiMakhdoom Muhammad Javed HashmiMehar Ishtiaq AhmadMir Aamir Ali Khan MagsiMNAMNAs Haji Muhammad Akram AnsariMs. Romina Khurshid AlamMs. Seema Mohiuddin JameeliMs. Shaheen ShafiqMuhammad Salman Khan Baloch and Ch. Tariq Bashir CheemaNabil Ahmed GabolPakistan National Shipping Corporation (PNSC)Parliament HousePASCOPir Muhammad Aslam BodlaPSMPSORana Muhammad Hayat KhanStanding Committee on Ports and ShippingTCPTrading Corporation of Pakistan (TCP)US dollar

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