Formation of regulatory body under consideration to solve problems of demurrage charges

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Karachi Port Trust is considering setting up a regulatory body on the issue of demurrage charges, which will be announced soon, to determine the demurrage charges at the port.

These views was expressed by Karachi Port Trust Chairman Syed Muhammad Tariq Huda in his address at the luncheon held at Korangi Association of Trade and Industry (KATI).

On this occasion, KATI Patron-in-Chief SM Muneer, President Salman Aslam, Senator Abdul Haseeb Khan, KITE CEO Zubair Chhaya, Senior Vice President Maheen Salman, Vice President Farrukh Qandhari, S tanding Committee Chairman Faraz-ur-Rehman, Former Presidents, Farhan-ur-Rehman, Masood Naqi, Danish Khan, Manzar Alam, Farrukh Mazhar and others were also present.

Chairman KPT Tariq Huda further said that I am trying to reduce the demurrage charges but due to some unavoidable reasons this issue is delayed, in a few days I will invite all the business community to the KPT head office where it will be formally announced.

He said that due to the recent change in the import policy, all the containers were stopped at the port, which has now been allowed to leave, due to which the demurrage charges were incurred. Tariq Huda said that since 2002 no charges have been increased by KPT.

 

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