PSI system extended for another year

The government has extended the pre-shipment inspection (PSI) system for another year (up to December 31, 2010).
Finance Minister AMA Muhith signed the extension paper last afternoon, the last day of the previous extension.
“Yes, the finance minister signed the extension proposal,” NBR Chairman Dr Nasiruddin Ahmed told the news agency over telephone.
The government has extended the contract with the PSI companies for another year in order to give time to the National Board of Revenue (NBR) for adequate capacity building.