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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Nasser Hyatt Magoo on Wednesday said that Federal Minister for Maritime Affairs Ali Haider Zaidi has promised to waive the demurrage/detention charges incurring over the extended Eidul Fitr holidays/lockdown.
A delegation of the FPCCI led by Mr Magoo met with the minister at PNSC House. Pakistan Foreign Investors Forum (PFIF) Founder President Khurram Tariq Sayeed and Secretary General Sheikh Sultan Rehman were also present in the meeting.
Mr Maggo emphasised that shipping companies only allow limited days of free storage from the date of arrival of the cargo. Due to the banks being closed over the extended Eid break, the documents would not be cleared within stipulated period and that will expose the cargo to hefty demurrage/detention charges, he explained.