Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Karachi

PICT waives off demurrage caused by transporters’ strike

byCustoms Today Report
23/01/2014
in Karachi, Latest News, Pakistan Chambers, Ports and Shipping, Slider News
Share on FacebookShare on Twitter

KARACHI:  Pakistan International Container Terminal (PICT) has announced 100 percent waiver on demurrage charges of shipments which remained stuck at the port due to 12-day long strike by goods transporters.

Karachi Chamber of Commerce and Industry President Abdullah Zaki has warmly welcomed the decision. Zaki said that this waiver has been announced by PICT after a detailed meeting between PICT Chief Executive retired Capt. Zafar Iqbal Awan and Chairman of KCCI’s Sub-Committee for Ports, Shipping and Multi-Modal Transport, Asif Nisar in which this pressing issue was thoroughly discussed by KCCI’s representatives who succeeded in convincing PICT’s management to grant this much-needed relief.

You might also like

Pakistan’s dollar reserves cross $26bn to highest ever

15/09/2026

KCCI, LCCI join hands to address business community’s key challenges

15/09/2026

“Asif Nisar has not only been instrumental in putting an end to goods transporters strike, which resulted in loss of billions of rupees, but has also played the key role in convincing PICT to completely waive off demurrage charges on various shipments which remained unattended at the port due to the strike”, he added.

Appreciating the gesture displayed by PICT Chief Executive retired Capt. Zafar Iqbal Awan towards providing relief to the perturbed business community, Zaki said that PICT has set a fine example for other container terminals to emulate, which, if practiced by the remaining container terminals, would help in reducing the grievances being faced by businessmen and industrialists, besides creating a conducive business atmosphere for all stakeholders.

Chairman of KCCI’s Sub-Committee for Ports, Shipping and Multi-Modal Transport, Asif Nisar said that PICT will not charge any demurrage charges for the twelve days during the goods transporters’ strike whereas demurrage charges, which have already been paid by businessmen during that period will be fully refunded by PICT through cheques.

He said that PICT management has also invited KCCI office bearers to pay a visit PICT so that they could exchange views on matters of mutual interest, bring problems being faced by the business community into limelight, and come up with suggestions on how to resolve various issues.

Tags: Karachi Region

Related Stories

Pakistan’s dollar reserves cross $26bn to highest ever

byCT Report
15/09/2026

KARACHI: Pakistan’s foreign exchange reserves have reached an all-time high, with the country’s total dollar reserves crossing $26 billion for...

KCCI, LCCI join hands to address business community’s key challenges

byCT Report
15/09/2026

KARACHI: Karachi and Lahore chambers agree to strengthen coordination, promote investment, reduce business costs and support export growth. The Karachi...

SBP to unveil new remittance incentive scheme next month

byCT Report
15/09/2026

KARACHI: The State Bank of Pakistan (SBP) is likely to launch a new remittance incentive scheme from early next month...

SMEDA gears up to connect SMEs with Japan’s B2B platform

byCT Report
15/09/2026

LAHORE: Small and Medium Enterprises Development Authority (SMEDA) has entered into a collaboration with Japan’s Organization for Small & Medium...

Next Post

PMSA, PCG empowered to take on smugglers

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.