FPCCI concerns over delay in import payments by banks.

LAHORE -- Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Chairman Muhammad Nadeem Qureshi has said that importers are facing demurrage and detention charges and businesses are being badly affected due to delay in import payments by commercial banks.

Talking to media here, he also urged the government to take comprehensive measures to control dollar flight against rupee.

He said that if the bank does not pay on time, the containers are lying at the ports, causing the importers to be charged with demurrage and detention charges. Besides, the commercial banks are receiving up to 130 percent cash margins due to the uncertainty of the dollar rate, which needs to be reduced.

Qureshi said...

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