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                                        Volume. 12158

Quota-based import of Iranian diesel suggested to Pakistan
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KARACHI -- The Pakistan Customs authorities have forwarded proposals of quota-based import of diesel from Iran to eradicate smuggling from the neighboring country, official sources said.
 
Sources in Pakistan Customs said that the authorities had proposed amendment to the Import Policy Order 2013 where POL products are importable with the approval of oil marketing companies.
 
The draft proposal read as: “Importable by approved oil marketing companies except in case of quota-based import from Iran.”
 
The authorities believed that by incorporating the suggestions in the import policy order, the menace of smuggling of diesel from Iran would be effectively eradicated.
 
Regarding quota allocation, the authorities suggested that the provincial government in consultation with the Ministry of Petroleum and Ministry of Commerce may determine the requirements of POL quota for various districts of Balochistan, based on the requirements of population, fishing launches, electricity generation, transport and requirement for government department.
 
The Customs authorities also suggested allotment of commensurate quota to companies and individuals of the area for the import of quota-based POL products from Iran with the condition that the importable fuel should be consumed within the area for which the quota is allotted.
 
Pakistan Customs for the last several months was engaged in encountering smuggling of Iranian diesel and, in this connection, several petrol pumps have been demolished, which were found selling Iranian diesel.
 
The recent crackdown was launched following a meeting chaired by the Federal Board of Revenue (FBR) chairman where it was observed that the illegal trade had been continued unabatedly despite the presence of several law-enforcement agencies.
 
At the meeting, the Customs officials expressed concerns over unchecked sale of Iranian oil, which was easily available anywhere in the region. The FBR chairman was informed that billions of rupees were being lost annually due to smuggling of Iranian oil in the country.
 
(Source: thenews.com.pk)

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