FBR directs TPL Trakker to install tracking devices on Transhipment Cargo

MG News | March 22, 2023 at 09:45 AM GMT+05:00

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March 22, 2023 (MLN): TPL Trakker Limited (PSX: TPLT) has been directed by the Federal Board of Revenue (FBR) to install tracking devices on containers/trucks carrying Transhipment Cargo and begin operations at all Custom Stations across the country where the consignments are being originated from or designated to, the company's filing on PSX showed today.

This decision is in line with FBR's letter dated March 20, 2023, and SRO 413(I)/2012 dated 25.04.2012.

The installation of tracking devices on containers/trucks carrying Transhipment Cargo will help enhance the security of the cargo and ensure its timely delivery.

This move is also expected to have a positive impact on the topline of TPL Trakker Limited in terms of revenue from the STE Project, as the scope of the license of the company has been enhanced with Transhipment Cargo also being made operational under the existing license.

TPLT is a leading provider of GPS-based vehicle tracking and fleet management solutions.

The company has a strong presence in Pakistan and has been providing its services to a wide range of customers, including logistics companies, transporters, and fleet operators.

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