DS-Concept Enters Partnership With Sialkot Dry Port To Finance Exports

Fahad Shabbir (@FahadShabbir) Published January 08, 2018 | 06:41 PM

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

KARACHI, (UrduPoint / Pakistan Point News - 08th Jan, 2018 ) :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.

DS-Concept GmbH (Pakistan) has a big number of exporters from all over Pakistan including Sialkot which are on board with it and availing the factoring services for their export transactions. 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 organisation of Sialkot Dry port Trust (SDPT), said Director DS-Concept Pakistan, Rafi-ul-Hasan while talking to a delegation of businessmen.

According to a statement issued here on Monday, under this arrangement, SDPT is responsible for the movement of the shipments from Sialkot to the sea-ports in Karachi. Hence, DS-Concept will offer 50 percent of the PSF quota to Sialkot exporters before sailing of their shipment once they hand over these to SDPT.

Rafi-ul-Hasan said 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 per cent 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 (MoU) 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 honour.