Containers stuck on port still not resolved: KATI.

KARACHI -- President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman expressed concerns over the containers being stuck at the ports despite the permission of the State Bank. He said that the State Bank had issued a circular to release the containers of Chapter 84, 85 and 87 goods from January 2, but despite the permission, the containers have not been released to date, which is increasing the difficulties. President KATI said that an immediate solution to the problem should be found because if a businessman is fined 15,000 dollars for a container worth 10,000 dollars, the business will be destroyed, due to which the inflation rate in the country will rise sharply and necessary commodities will be out of reach of a poor and common man. Faraz-ur-Rehman said that the traders, especially the Furniture Association, sought permission from the buyers to release the containers based on the delayed payment (DA) documents, but the government is not allowing them on the same, which made the situation even worse. He said that traders cannot afford to pay fines that are double the value of the...

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