North Karachi Association of Trade and Industry (NKATI) President Faisal Moiz Khan has termed the four-time increase in tariff charges by international shipping companies as a threat for the country’s exports.
According to a statement issued on Friday, Khan urged the government to play a role like the US Federal Maritime Commission, and also seek clarification from global ocean carriers on the drastic increase in tariff charges, so that the country’s exports, imports can be saved from unnecessary costs. Otherwise, this increase in cost will make exports and imports from Pakistan impossible.
The office-bearer said that the US Federal Maritime Commission (FMC) has asked eight major global ocean carriers – CMA CGM, Hapag – Lloyd, HMM, Matson, MSC, OOCL, SM Line and Zim to provide details about charges so that it can be observed whether the increased charges of the said carriers are valid or not.
Published in The Express Tribune, August 14th, 2021.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.