DS-Concept and SDPT sign MoU
KARACHI: DS-Concept Pakistan, after its successful business operations in the country since 2006 and in pursuance of expansion in its network of providing financing facility to maximum number of exporters, has entered partnership with Sialkot Dry Port Trust, says a Press release.
DS-Concept GmbH (Pakistan) has a large number of exporters from all over Pakistan including Sialkot which are on board with it and availing the factoring services for their export transactions. This was said Rafi-Ul-Hasan, while talking with a businessmen delegation.
For further extending its financing facility in 2018 to the exporters of Sialkot, DS- Concept has designed its new product in cooperation with very reliable organization of Sialkot Dry Port Trust (SDPT).
He said that under this arrangement, SDPT is responsible for the movement of the shipments from Sialkot to the sea-port in Karachi. Hence, DS-Concept will offer 50 percent of the PSF quota to Sialkot exporters before sailing of their shipments once they hand over these to SDPT.
The port will issue the dispatch note to them for confirmation of having the shipments in their possession and movement of these from SDPT to Karachi sea-ports to be loaded in vessels.
Whereas, the balance 50% of PSF quota will be paid to the exporters upon presentation of BL and the remaining balance will be paid upon collection of the invoice from the buyer. This will further make the exporters comfortable in their day-to-day cash flow needs and more confidence in the performance of DS-Concept.
For this milestone success, DS-Concept Pakistan has signed a memorandum of understanding with Sialkot Dry Port Trust (SDPT). The MOU signing ceremony was held at Sialkot Chamber of Commerce and Industries recently.
The signatories were Chairman SDPT Hanif Khan and Managing Director DS-Concept Pakistan Rafi-ul-Hasan. President of Sialkot Chamber Zahid Malik was the guest of honor.