AGL 38.50 Increased By ▲ 0.35 (0.92%)
AIRLINK 129.00 Increased By ▲ 3.93 (3.14%)
BOP 7.14 Increased By ▲ 0.29 (4.23%)
CNERGY 4.55 Increased By ▲ 0.10 (2.25%)
DCL 8.25 Increased By ▲ 0.34 (4.3%)
DFML 38.10 Increased By ▲ 0.76 (2.04%)
DGKC 79.97 Increased By ▲ 2.20 (2.83%)
FCCL 32.20 Increased By ▲ 1.62 (5.3%)
FFBL 72.85 Increased By ▲ 3.99 (5.79%)
FFL 12.18 Increased By ▲ 0.32 (2.7%)
HUBC 109.80 Increased By ▲ 5.30 (5.07%)
HUMNL 13.85 Increased By ▲ 0.36 (2.67%)
KEL 4.93 Increased By ▲ 0.28 (6.02%)
KOSM 7.48 Increased By ▲ 0.31 (4.32%)
MLCF 37.50 Increased By ▲ 1.06 (2.91%)
NBP 69.80 Increased By ▲ 3.88 (5.89%)
OGDC 187.89 Increased By ▲ 8.36 (4.66%)
PAEL 25.10 Increased By ▲ 0.67 (2.74%)
PIBTL 7.28 Increased By ▲ 0.13 (1.82%)
PPL 150.61 Increased By ▲ 6.91 (4.81%)
PRL 24.98 Increased By ▲ 0.66 (2.71%)
PTC 17.20 Increased By ▲ 0.80 (4.88%)
SEARL 80.80 Increased By ▲ 2.23 (2.84%)
TELE 7.47 Increased By ▲ 0.25 (3.46%)
TOMCL 32.85 Increased By ▲ 0.88 (2.75%)
TPLP 8.50 Increased By ▲ 0.37 (4.55%)
TREET 16.60 Increased By ▲ 0.47 (2.91%)
TRG 56.15 Increased By ▲ 1.49 (2.73%)
UNITY 27.90 Increased By ▲ 0.40 (1.45%)
WTL 1.33 Increased By ▲ 0.04 (3.1%)
BR100 10,422 Increased By 332.3 (3.29%)
BR30 30,780 Increased By 1270.7 (4.31%)
KSE100 97,522 Increased By 2948.2 (3.12%)
KSE30 30,428 Increased By 982.8 (3.34%)

KARACHI: The Federal Government has decided to waive all demurrage and port charges of around 8000 containers stranded at the country’s ports.

This was announced the Federal Minister for Maritime Affairs Faisal Subzwari at a press conference after meeting of the stakeholders here on Monday.

Earlier, a high level meeting jointly chaired by Federal Minister for Commerce Syed Naveed Qamar and Minister for Maritime Affairs Syed Faisal Subzwari was held at KPT Head Office in which all the stakeholders from government, as well as, private sector participated to resolve containers detention issue being faced by the trade community in Pakistan.

Subzwari said it was a serious issue that has made the business community restless after shortage of dollars to settle the LCs for these containers. He announced that the government will issue notification soon.

Although there were some difficulties as thousands of containers of shipping lines have stuck up at ports, the minister said. However, he refuted the reports that shipping lines are planning to wind up their operations from Pakistan.

“Nothing of this sort would happen, as we have had talks with the shipping lines and have asked them to facilitate our businesses,” he added.

The representatives of shipping lines and container terminals were also present in the meeting along with the other stakeholders and deliberated upon the issue at length to resolve the problems.

He also announced that the Trading Corporation of Pakistan (TCP) would soon be given a status of an off-dock terminal, and all stranded containers will be shifted there, which will eliminate congestion on port and issues of the shipping lines and terminal operators.

The minister said that Pakistan International Container Terminal (PICT), which has a 20-acre off-dock terminal, will provide these facilities to the business community for free.

Copyright Business Recorder, 2023

Comments

Comments are closed.