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FPCCI hopeful demurrage charges may be waived - Newspaper


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. ....

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'NAB believes in logical conclusion of money-laundering cases'


National
December 16, 2020
ISLAMABAD: NAB Chairman Justice (R) Javed Iqbal Tuesday said that NAB would utilise all available resources to recover the looted money of gullible investors of fake housing schemes, which fleeced people despite having no land to offer to investors. “The NAB firmly believes in logical conclusion of money laundering cases, and the cases of all those who have fled abroad after devouring millions of rupees of people as per law,” he said in a meeting with delegation of Federation of FPCCI headed by FPCCI Vice President Sheikh Sultan Rehman. The delegation comprising of former presidents Haji Ghulam Ali and Zakriya Usman, former vice president Mirza Abdur Rehman and Khawaja Shahzad Akram. ....

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