KPTMA urges authorities to waive off demurrage charges.
PESHAWAR -- Khyber Pakhtunkhwa Textile Mills Association (KPTMA) has urged the authorities concerned to waive off demurrage charges of consignments stuck at ports for clearance.
KPTMA Chairman Afan Aziz, in a statement issued here on Monday, said the spinning textile mills in KP had been facing significant difficulties due to the non-availability of foreign exchange in the State Bank of Pakistan (SBP) and commercial banks, resulting in a significant number of consignments being stuck at ports for clearance.
He said that delay in clearance was causing a financial burden on the mills as they were being charged huge amounts of demurrage and container detention charges by the relevant port authorities, container terminal companies, and shipping companies.
In this connection, he said, KPTMA had also written letters to the Federal Minister for Maritime Affairs and the Ministry of Finance requesting a waiver of demurrage charges and seeking...
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