Custom officials exposed embezzlement of Chinese Company

Islamabad –  Customs officials exposed embezzlement of a Chinese company.According to details, customs officials have recovered Rs 1 billion 12 crores from Huaneng Fuyun Ports and Shipping Company, in shape of customs duty.

 The company had formulated an agreement with Port Qasim Authority in 2016, for establishing a dedicated supply of coal to up-country power project (Sahiwal Electric Power Project), through available railway infrastructure in proximity. 

It aimed at providing coal to the Sahiwal Electric Power project without any break. The company had imported 14 consignments and had paid duty on only four consignments.
Model custom has launched an investigation and exposed the fraud of the company

By:"Afshan Mir"

Leave a Reply

RELATED POSTS

2
Two-day agri expo 2018 to be held in Lahore on June 23
Orange line metro train has historic value in Pak-China friendship: Shahbaz
Don’t let Chinese imports kill Pakistan’s local industry
US, China agree to abandon trade war
Indian ex-diplomat found guilty of passing secrets to Pakistan
Pakistan to give greater administrative and financial authority to PoK, Gilgit-Baltistan
Pakistan expecting $2 billion from China
China expects Pakistan’s active role in SCO
China has invested $248m in Gwadar port in first phase
Pakistan to participate in annual specialty commodity expo in China
Pakistan Iran to inch closer under CPEC
World’s largest Ferris wheel opens in China
Is China really colonising Pakistan?
China, Pakistan vow to enhance pragmatic cooperation
Chinese Yuan given equal status as US dollar under CPEC

FOLLOW US


About Corridor.pk

Corridor.pk is Pakistan’s leading regional connectivity media & communication/outreach platform, dedicated to profiling and promoting the business activities, news and views on the regionally connected business corridor across OBOR. 

     

Addional Information

 Ethics Policy     Advertise
 Terms & Conditions
 Contact Us