In a bid to maintain the supply chain in foreign exchange starved Pakistan Karachi Port authorities have waived all charges for containers stuck at the port for about a fortnight, the Federal minister for Maritime affairs Faisal Sabzwari was quoted by the Pakistani media reports
The Minister said that the government deliberated on the issue of containers stuck at ports and has been discussing the matter with stakeholders for the last several days.
He stressed that shipping lines are not closing their operations in the country and asserted that Pakistan would not go bankrupt.
To solve shipping lines’ problems, containers are being moved to other places free of cost. The situation had made the business community restless after a shortage of dollars delayed the settlement of letters of credit for these containers.
An estimated 8,000 containers are stuck at the ports.
Source : porttoport