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Articles for tag: bring, customs, freight, regulations, standstill, Transport

January 5, 2025

News Desk

New customs regulations bring freight transport to a standstill

A representative image of containers stored in a facility. — AFP/file The industry is demanding a review of escort rules to save the trade. Tracking costs increase and delays interrupt timely cargo deliveries. New customs rules called ‘time-consuming, impractical’. KARACHI: The movement of customs-restricted cargo from Pakistan’s ports has almost come to a standstill following the introduction of new Customs Department regulations for escorting transit and transhipment consignments, The News reported on Sunday. These rules, which came into effect on January 1, 2025, have slowed down operations significantly, with bonded carriers transshipping only minimal quantities. Carriers have refused to send

September 7, 2024

News Desk

The US is “concerned” by reports of the transfer of Iranian missiles to Russia

The US has expressed concern over reports suggesting Iran may have recently transferred missiles to Russia or is on the verge of doing so for use in Ukraine. The White House, responding to reports from Western media, highlighted concerns about possible escalation of Iran’s support for Russia’s military efforts. According to the Wall Street Journal, unnamed US and European officials believe that Iran has already provided ballistic missiles to Russia. Earlier reports from Bloomberg and Reuters indicated that such a transfer was imminent. When asked about the reports, White House National Security Council spokesman Sean Savett said any transfer of

August 31, 2024

News Desk

Diesel imports in September cost $140 million

Islamabad: Despite having excess oil reserves that provide a 45-day supply, Pakistan is expected to see an outflow of $140 million due to the import of high-speed diesel (HSD) scheduled for September. According to sources, importing 50,000 metric tons of HSD costs an average of about $38 million. With September imports estimated at 183,000 metric tons, they will lead to an outflow of $140 million. The approval of the International Monetary Fund (IMF) loan program has already been delayed due to Pakistan’s external financing gap, so the government should be quite prudent in spending its foreign exchange reserves. The approximate

June 4, 2024

News Desk

Bape makes ‘dream’ transfer to Real Madrid

MADRID: Kylian Mbappe signed a five-year deal to move to Real Madrid from Paris Saint-Germain on Monday and hailed the move as a “dream come true”. The announcement is the culmination of Real’s long courtship with one of the most prolific strikers in world football. “Real Madrid have reached an agreement for the player to be at Real Madrid for the next five seasons,” the club said in a statement. “So happy and proud to join my dream club @realmadrid. No one can understand how excited I am right now. I can’t wait to see you Madridistas and thank you

May 22, 2024

News Desk

Ambanis will transport 800 guests on a luxury cruise

You can expect a lot from the Ambanis, as you would expect from a family that has, literally, everything. You can expect them to have Bollywood’s biggest stars serving food at their family functions. You can expect them to fly randomly and host tech billionaires. Saw a dress at the Met Gala that you liked? Guess what? They bought it. Now, in yet another stunning display of wealth, Radhika Merchant, the new Ambani bride-to-be is set to wear a dress designed by fashion guru Grace Ling. The intricate creation, designed for a space-themed pre-wedding celebration, has caught the attention of

April 19, 2024

News Desk

Equestrian companies are exclusively looking for SOPs

KARACHI: Acting as Online Marketplaces (OMPs), transportation service providers with technology companies have demanded that the government ensure proper regulations for the emerging horse riding industry. They advocate for standard practices, reasonable taxation and fair competition, alongside the rehabilitation of damaged road infrastructure. These measures would benefit customers as well as users and service providers. The transportation services industry is gaining momentum due to various reasons, especially the significant increase in the cost of owning and maintaining a car in Pakistan. The public transportation ecosystem is woefully inadequate, leaving a need for safe, reliable, and convenient transportation options as people

March 11, 2024

News Desk

Cheaper Chinese EVs dominate global markets

KARACHI: Chinese electric vehicles (EVs) are gaining huge popularity around the world due to their cheaper prices and fun features, flooding and surprising the US and European markets despite stiff competition from local industries in the West. China has retreated to do much more work in research and development in order to have full dominance of technologies, manufacture new products, upgrade cutting-edge technologies and provide the world with cheap and attractive goods. EVs are becoming cheaper and more abundant, and as people look to meet global climate goals, climate-friendly technologies like EVs are becoming the future of global industry. A

March 10, 2024

News Desk

Legal issues hinder the transfer of works

Islamabad: All provinces have opposed the transfer and closure of more than 350 provincial projects costing Rs 1,373 billion and are unwilling to take up the programmes, citing legal and contractual issues. The federal government believes that as the seventh National Finance Commission (NFC) Award has significantly increased the provinces’ shares in the federal divisibility, the provinces should complete their projects through their own resources. There are a total of 1,238 projects underway in FY 2023-24 at a cost of Rs 12,318 billion. Of these, 357 are provincial projects worth Rs 1,373 billion. The expenditure on all projects is estimated

January 22, 2024

News Desk

Transport sector reforms and load shedding

LAHORE: The electrical load shedding has been returning for the past two weeks. Urban areas see about four to five hours of load shedding, while the situation is worse in rural areas. The demand for electricity is about 14,500 megawatts while the system produces about 10,000 MW of electricity. The huge production deficit is observed despite very high reliable capacity and low economic growth. There is nothing special about the current demand for electricity as economic activities have slowed down. Is this where the question of reliability comes in? The system is bound to break down during the winter peak

November 23, 2023

News Desk

Paris transport will not be ready for the Olympics

PARIS: The transport system in Paris will not be ready in time for the 2024 Olympics in the French capital, its mayor said, sparking outrage on Thursday from political opponents. With less than a year to go until the start of the event, the transport infrastructure in Paris is already under enormous pressure, with commuters and tourists complaining of poor frequency, overcrowding and dirtiness. Speaking on TMC TV’s Quotidien show, Hidalgo said that while the Games infrastructure will be ready “there are two things we won’t be ready for”, namely transport and also the homeless problem. Regarding transport, “we still

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