US
Change in Green Channel rules harms importers
字号+ Author:Smart News Source:Travel 2025-01-14 02:17:06 I want to comment(0)
KARACHI: A sudden change in Green Channel parameters by the Customs Department has left thousands of containers stuck at the port, causing importers heavy financial losses while shipping companies and terminal operators cash in on their plight. If delays in the clearance of consignments continue, the supply of medicines, including medical devices, steel, and pulses will be badly affected. This development has resulted in significant delays and inefficiency in the clearance of imports. Changes to the Risk Management System (RMS) criteria have led to a drastic decline in Green Channel clearance rates — from over 47 per cent to below 26pc. This has brought about an unprecedented rise in the number of containers marked for examination and assessment, overwhelming terminal operators and assessment officers. Importers now face delays of up to four days in grounding containers, followed by another two to three days for examination and assessment. Khurram Ejaz, a former vice president of the Federation of Pakistan Chambers of Commerce and Industry, said in a statement that assessment officers were already overburdened with litigation matters, leaving them with little time for a proper assessment. The absence of a separate litigation department compounds the matter. This enforcement-heavy approach inadvertently affects most importers — a cohort critical to economic growth.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
A leadership crisis
2025-01-14 01:22
-
Country’s development depends on protection of minorities’ rights: PM Shehbaz
2025-01-14 01:02
-
Israel accuses Hamas of creating ‘new obstacles’ to captive deal
2025-01-14 00:45
-
Russia launches ‘inhuman’ Christmas Day attacks, Ukraine says
2025-01-14 00:14
User Reviews
Recommended Reads
Hot Information
- OOP health expenditures
- DIG suspends two lady constables for ‘misconduct’
- Quaid’s birth anniversary celebrated
- Yasir and Ali star as Stallions clinch Champions T20 Cup
- Rangers deployed in capital, three Punjab districts ahead of PTI protest
- No dialogue, no politics: PA speaker
- JI launches farmers’ rights drive
- Peoples Medical University for women celebrates golden jubilee
- No plan to expand Swat cantonment, say security officials
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content