Pakistan’s prime minister on Tuesday ordered a nationwide audit of customs bonded warehouses as it separately prepares a new scheme allowing Gulf producers to store foreign-owned petroleum products in the country for domestic sale or re-export. Bonded warehouses allow imported goods to be stored without immediately paying customs duties and taxes, which generally become payable when products are released into the domestic market. The government did not identify any specific wrongdoing or say whether the audit had been ordered in response to suspected losses or violations at bonded warehouses. Officials told the meeting that physical verification of stocks would be carried out at customs bonded warehouses nationwide, while valuation testing would also be conducted and information technology systems reviewed. Officials said monitoring of petroleum-related cargo held in customs warehouses was linked to WeBOC, Pakistan Customs’ computerized system for processing and monitoring trade and customs transactions.