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The Inland Freight Equalization Margin (IFEM) is a regulatory measure implemented in Pakistan to equalize the price of petroleum products across different regions of the country. [ 1 ] [ 2 ] It includes the costs for refineries to transport crude oil from its source to their facilities, as well as the expenses for Oil Marketing Companies (OMCs ...
Many shipping services, especially air carriers, use dimensional weight for calculating the price, which takes into account both weight and volume of the cargo. For example, bulk coal long-distance rates in America are approximately 1 cent/ton-mile. [2] So a 100 car train, each carrying 100 tons, over a distance of 1000 miles, would cost $100,000.
PPP levels will also vary based on the formula used to calculate price matrices. ... The January 2019 article states that a Big Mac costs HK$20.00 in Hong Kong and US ...
In September, 1976 the Federal Government established the Pakistan Shipping Corporation (PSC) under the Pakistan Shipping Corporation Act, 1976, to take charge of ten shipping companies and operate as a parallel corporation with the National Shipping Corporation (NSC).
In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. [8] Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. [9] As of April 2015, Pakistan's exports stand at US$29 billion.
Goods imported to Pakistan; Goods purchased in bond from one custom station to another; Goods brought from a foreign country to any customs station that are trans-shipped or transported without the payment of duty to another customs station.
Since 2016, South Asia Pakistan Terminal (SAPT) operates the largest deep sea port of the country. Hutchison Ports Pakistan invested $600m in the first phase of SAPT which included two berths having length of 800 meters. [24] Hutchison Ports Pakistan is a subsidiary of Hutchison Port Holdings, which in turn is a subsidiary of CK Hutchison ...
The National Logistics Corporation was founded following the 1977–1978 wheat crisis in Pakistan, due to insufficient railway capabilities to transport wheat from the Karachi seaport inland. [3] Initially, the Pakistan Army was asked to address the crisis, which ultimately led to the formation of the NLC as an independent entity. [3]