Pak Elektron Limited (PEL)

is the pioneer manufacturer of electrical goods in Pakistan. It was established in 1956 in technical collaboration with M/s AEG of Germany. In October 1978, the company was taken over by Saigol Group of Companies. Since its inception, the company has always been contributing towards the advancement and development of the engineering sector in Pakistan by introducing a range of quality electrical equipments and home appliances and by producing hundreds of engineers, skilled workers and technicians through its apprenticeship schemes and training programmes.

Imports: From Docs to Docks

Technology and third-party providers can help streamline the importing process and speed cycle time while complying with increased regulatory requirements.
Companies that manage imports well can compress cycle times and squeeze costs out of their supply chains. Those that don't can be hit with penalties and fines. They can also suffer bottlenecks, or even complete disruption of their supply chains. Managing imports is not a simple task. Importing a single shipment involves dozens of parties and complying with numerous requirements. With multiple opportunities for delays, supply chain execution in today's fluid environment requires minimizing uncertainty through effective management and use of technology. It's no wonder that logistics and supply chain professionals are increasingly involved in international trade.

Managing Imports Effectively

Effectively managing imports requires understanding the three flows that are involved in the process:
1. Information flow: Managing imports depends on effectively managing information. "Logisticians must understand what data needs to move when and where in order to make international transactions happen effectively," says Gould. Information flow also involves understanding taxes, tariffs, and other elements of trade compliance, as well as security regulations.
2. Fiscal flow: Financial transactions have become more and more complex. There's a lot of room to stumble, so you have to be very savvy. Understanding fiscal flow means knowing who needs to be paid including suppliers, customs and tax authorities, 3PLs, packers and others as well as when and how they need to be paid.
3. Physical flow: Understanding the physical movement of goods means accurately knowing how and where your goods will move, how they'll be handled, where they'll be stored, and the costs associated with this.