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April 2010 E‑Newsletter AMI  |
May 03, 2010
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In This Issue
· AMI Performance Mar
2010
Contact Us.
KARACHI
AMI Pakistan (pvt)Ltd amilhe@mrgc.com.pk amipak@mrgc.com.pk ------------------------------
AMI Pakistan (pvt) Ltd
Marine House,
3rd Floor,
99 Commercial Area Cavalry Ground Tel: +92 42 6663122.
+92 42 6602720-1 Fax: +92 42 6619615
-------------------------------- FAISALABAD
AMI Pakistan (pvt) Ltd
67 Chenab Market, Tel: +92 41 8557270.
+92 41 8503597-8 Fax: +92 41 8557299
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AMI
C-6. 2nd Floor, Tel: +92 52 3553318-9 Fax: +92 52
3553819 sales-skt@mrgc.com.pk --------------------------
ISLAMABAD
AMI Pakistan (pvt) Ltd. 4, 2nd
Floor, Tel: +92 51 2220967-9 Fax: +92 51 2220970 r_farooq@mrgc.com.pk --------------------------
AMI Pakistan (pvt) Ltd
20-T, 2nd Floor,
Tel: +92 53 8290599 Imp-guj@mrgc.com.pk ---------------------------
AMI Pakistan (pvt) Ltd
12,
1st Floor, Tel: +92 61 4518290 amimultan@mrgc.com.pk ---------------------------
AMI, PAKISTAN
(PVT) LTD QILA AHMED KHAN NEAR SHAH-RA-NO TEL: 0093 799031988 Ctc: Asjid Ali Khan CELL: 0093 700 471515 |
AMI PERFORMANCE APRIL 2010April 2010 witnessed a wonderful month where we did our best of 2010 by 902 teus even if we compare April 2010 liftings with the corresponding month last year it is still over & above by 211 teus. CSAV is first time on the victory stand with 183 teus keeping Safmarine by 166 teus as runner up followed by 106teus by ANL and 104 by UASC.
As far LcL liftings are concerned we captured 1096 cbms out of which we were able to make 39 teus of consol boxes to Felixstowe, Hamburg, Antwerp, Singapore, Melbourne, Sydney, Auckland & Lehhavre.
AMI, Karachi branch has made major contribution in Fcl liftings whereas our Silkot branch contributed the most in LcL liftings.
Karachi Sales Team
The State Bank of Pakistan on 14th April while changing the procedure for Master Bill of Lading (MBL) and Master Airway Bills (MAWB) asked the freight forwarders to mention the exporters' name in the bill and not surrender bills to the carriers/agents in Pakistan. The SBP said that under the clauses 1, 2 & 3 of F.E. Circular No 6 dated May 15, 2006, shipping companies/airlines or their authorised agents were allowed to issue Master Bill of Lading/Master Airway Bills in the name of the freight forwarders (as shippers) subject to the terms and conditions as mentioned in the said circular.
However, recently, stakeholder’s concerns have raised certain observations/difficulties on full implementation of the said clauses of the circular. Therefore, in order to address the same, the above-referred clauses are substituted/replaced with immediate effect. With current changes, name of the freight forwarders/consolidators will appear in shipper column of MBL followed by the wording "on behalf of exporter (s)" along with their names, related House Bill of Ladings/Airway Bills' numbers and dates, in any case either information may be provided on the face of the MBL/MAWB or as an attachment with the notation on the MBL/MAWB as per the "attachment which constitutes an integral part of the MBL/MAWB". According to the SBP circular, name of the counterpart of freight forwarders/consolidators will appear in consignee column of MBL. While, name of the counterpart of freight forwarders/consolidators will appear as notify party column of MBL. In case of FCL/FCL CY/CY shipments, both MBL and HBL will be attached and sent through bank for the receiver to retire and freight forwarders/consolidators to be given for delivery. Shipping lines will not deliver cargo unless shipping line's MBL is surrendered at destination. In case of LCL shipments, the cargo will be released/delivered to the freight forwarders' counterpart at the port of discharge who will release/deliver the goods against a duly endorsed HBL only. Goods description, E-form number & date of issue, corresponding HBL number issued against carrier's B/L, actual importer at destination would be mentioned in the body of the MBL. Under no circumstances, the freight forwarders/consolidator/ their agents or agents of shipping company/airline may surrender MBL/MAWB to the carrier/agent in Pakistan and must instead be presented to the carrier by the overseas freight forwarder/agents at the destination/port of discharge, the circular said. Further, in the context of related regulations and undertaking on form 'E', the exporters/banks before carrying out transactions with their counterparts, freight forwarders, etc, should exercise due diligence/take necessary precautions to mitigate allied risks while making such arrangements. According to SBP's circular authorised dealers and all concerned may be guided accordingly and ensure meticulous compliance thereof.
Exports register 37.8 percent increase Pakistan's exports have turned the corner and overcome the challenges posed by the global recession. The exports in March stood at 1.807 billion dollar as compared with 1.312 billion dollar in March 2009, registering a 37.8 percent increase over the corresponding month of the last year.
According to press release issued by Trade Development Authority of Pakistan (TDAP) on 13th April, the export performance in March has been the highest recorded in any month of the current year as well as for the corresponding month of the previous five (5) years.
It said that exports during the months December through March 2010 have grown at an average of 28.3 percent over the corresponding period of 2009, which gives encouragement to the thought that the recession is officially over for Pakistan. It is also safe to predict that Pakistan's exports for the financial year 2009-2010 will overshoot the target of 18.868 billion dollar.
In fact if the current trend continues, and it is fair to assume that it will, the exports of Pakistan are well on course to break the 19 billion dollar threshold achieved in the year 2007-2008. A closer look at the sectoral trends of exports for the year 2009-2010 reveals that Textiles and Clothing, Agro Food and Metals & Minerals have shown an upward trend over the previous year.
The main drivers of this growth are; Raw cotton, Cotton yarn, Art silk and synthetic textiles, readymade garments and towels in the Textiles and Clothing sector; Rice, Fruits and vegetables have made big advances in the Agro Food sector; whereas Jewellery in the Metals and Mineral sector, has grown by a massive 70 percent during the period July to February 2010 over the same period of the last financial year.
The Global recession which resulted in the shrinkage of the western and developed economies by approx 5 percent on an average in the year 2009, saw the developing economies maintain a robust growth averaging 6 percent. This phenomenon has also had a positive impact on the geographic diversification of Pakistani exports, so that Pakistani exports to Asia now accounts for 45 percent of total exports from Pakistan.
Asia has therefore, emerged as the largest market of Pakistani goods. The TDAP is now doubling its levels of participation in Asian markets through increased delegations, exhibitions and other facilitation's for Pakistani exporters to take advantage of opportunities in Asian countries
Korea to set up garment technology training Korea is to set up a Garment Technology Training Centre in Pakistan and his government had already sanctioned $100 million for the project. This was said by the Consul General of South Korea in Karachi, In Ki LEE while addressing the media. The Korean Consul General said Pakistan is a very important country in terms of cotton production as it ranks fourth in terms of world production.
He said South Korea over the decades had accumulated vast reservoirs of knowledge about the textile industry regarding sophisticated and state-of-the-art garment technology along with human resource development. Keeping in view this fact the Pakistani government requested the Korean government to establish a Garment Technology training center dedicated to the professional training of core engineering in the textile industry.
In this connection, a field study was carried out twice in 2007 and 2008 by
the Korea International Co-operation Agency, KOICA. Consequently, and the
Korean government decided to provide assistance to set up a Garment
Technology Training center. The training center for vocational education and technology will conduct professional training to develop skilled workers in five areas including garment technology, knitwear technology, apparel marketing, line supervision & operating of sewing machine. It will also be involved in the development of textbooks and employment of training professionals. For easy accessibility the training center will be located near Karachi's industrial area till the time the Karachi Garment City Project is established. The Ministry of Textile & Industry will employ personnel to operate the center and train teachers for education and training. KOICA will help set up systems for establishment and management of the center, organising the curriculum and provide support to the staff. It will also provide equipment necessary for the center and training. The Korean Consul General said this project will prove to be a touchstone in the mutual relationship between both countries and enhance bilateral exchange and co-operation between Pakistan and Korea. HEALTH DAY CRICKET TOURNAMENT
Last week Safmarine Pakistan organized a tape ball cricket tournament and invited their key customers to participate in this event. AMI accepted the invitation with a belief that this is a really good opportunity to spread some goodwill, do some good and get some recognition for our staff. AMI team was a combination of some lovely hard hitters, talented and energetic players. AMI entered into the tournament as a favourite to lift the trophy due to their very good track record in cricket. AMI reached in final undefeated, with many records like maximum score of the tournament 92/2 (6 over), maximum sixes (9 sixes in an inn by Jaffer Hussain), highest individual innings of 77* by Syed Jaffer Hussain, biggest six by Syed Jaffer Hussain and one and the only hatrick of the tournament by Nauman Ahmed. In final after an exciting match AMI unfortunately lost by 4 wickets. Syed Jaffer Hussain declared as the player of the tournament.
Jaffer Receiving “man of the tournament” trophy
Nauman Ahmed (Only hatrick maker of the tournament)
Vice Captain Nasir Yousuf receiving the runner’s up trophy
The price of success is hard work, dedication to the job at hand, and the
determination that
E N D OF R E P O R T
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