AGL 40.01 Decreased By ▼ -0.02 (-0.05%)
AIRLINK 133.80 Increased By ▲ 4.49 (3.47%)
BOP 6.72 Decreased By ▼ -0.08 (-1.18%)
CNERGY 4.44 Decreased By ▼ -0.20 (-4.31%)
DCL 8.92 Increased By ▲ 0.29 (3.36%)
DFML 40.70 Decreased By ▼ -0.25 (-0.61%)
DGKC 84.49 Decreased By ▼ -1.25 (-1.46%)
FCCL 32.40 Decreased By ▼ -0.60 (-1.82%)
FFBL 68.02 Increased By ▲ 1.49 (2.24%)
FFL 11.27 Decreased By ▼ -0.19 (-1.66%)
HUBC 112.20 Increased By ▲ 1.62 (1.47%)
HUMNL 14.35 Decreased By ▼ -0.28 (-1.91%)
KEL 5.25 Increased By ▲ 0.01 (0.19%)
KOSM 8.89 Increased By ▲ 0.78 (9.62%)
MLCF 39.59 Decreased By ▼ -0.48 (-1.2%)
NBP 60.53 Increased By ▲ 0.02 (0.03%)
OGDC 195.42 Decreased By ▼ -0.05 (-0.03%)
PAEL 26.84 Decreased By ▼ -0.26 (-0.96%)
PIBTL 7.47 Decreased By ▼ -0.17 (-2.23%)
PPL 155.34 Decreased By ▼ -0.48 (-0.31%)
PRL 26.68 Decreased By ▼ -0.69 (-2.52%)
PTC 18.20 Decreased By ▼ -0.36 (-1.94%)
SEARL 83.98 Decreased By ▼ -1.12 (-1.32%)
TELE 8.20 Increased By ▲ 0.30 (3.8%)
TOMCL 34.60 Decreased By ▼ -0.28 (-0.8%)
TPLP 8.90 Decreased By ▼ -0.32 (-3.47%)
TREET 16.58 Decreased By ▼ -0.23 (-1.37%)
TRG 63.80 Increased By ▲ 0.94 (1.5%)
UNITY 27.50 Decreased By ▼ -0.25 (-0.9%)
WTL 1.27 Decreased By ▼ -0.03 (-2.31%)
BR100 10,178 Decreased By -6.7 (-0.07%)
BR30 31,308 Decreased By -94.4 (-0.3%)
KSE100 95,789 Decreased By -67.4 (-0.07%)
KSE30 29,661 Decreased By -22 (-0.07%)

The Karachi Port Trust (KPT) has levied fee of Rs 20 per document for obtaining token for payment of demurrage at the Port, Customs agents sources said on Tuesday. They said that the token fee of Rs 20 was earlier charges for token for payment of wharfage but on demurrage side the issuance of token by the contractor appointed by KPT was free.
The Karachi Customs Agents Group (KCAG) General Secretary Arif Siddiqui has criticised the new levy, which he said would increase the cost of imports. He said that neither advance notice was issued for the levy nor the Group was taken into confidence in this regard.
He said that the group had always co-operated with the KPT and extended its comments on all issues sought by the port. The recent example of this co-operation is the introduction of pre-paid cards for payment of wharfage and demurrage by the KPT which acknowledged the problems in payment of port dues faced by the clearing agents and introduced the pre-payment system.
He urged the KPT Chairman to direct the contractor to withdraw the levy of Rs 20 as it negated the KPT policy of making Karachi port a less expensive and competitive port in the region.

Copyright Business Recorder, 2004

Comments

Comments are closed.