Iftikhar Ahmad Sheikh, Chairman, Shipping and Multi-Model Transport Sub-Committee, Karachi Chamber of Commerce and Industry (KCCI), has recommended to the government that the existing system of the delivery in L/C must continue, particularly when it has been working smoothly.
In addition, he said, "the Karachi Port and Port Qasim are two different entities and their location in one city does not change their legal status." The change in L/C will raise the transportation cost of the consignment.
"Therefore, the Karachi Chamber strongly recommends that the existing system of mentioning the points of delivery in L/C must continue, particularly when it has been working perfectly over a long time," he added.
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