Sunday, November 08, 2009
ISLAMABAD: The business fraternity has expressed grave concern over one-sided imposition of terminal handling charges (THC) by India.
Sultan Ahmed Chawla, FPCCI President, Zakaria Usman, Mansha Churra and Mumtaz Ali Sheikh, Vice Presidents FPCCI, Tariq Sayeed, President SAARC CCI, SM Muneer, President Indo-Pak CCI and the entire business community have voiced serious concerns over the imposition of terminal handling charges (THC) by the India Sub-Continent and Asia Conference (ISAA-C) at the rate of Rs8,760 and Rs13,170 per 20’ and 40’ containers respectively from November 1.
Off and on increase in ocean freights, imposition of surcharges, additional charges and this new over imposition of THC would lead to a sharp decline in meeting export targets in the international market, they opined.
“The business across the country and industries is already facing it hard to keep the economic wheel running in the presence of power outages, rising cost of petroleum prices, power, gas, increase in wages, rise in the cost of production due to law and order situation and other local constraints.
If this decision is not withdrawn, the government’s efforts to facilitate exports would be severely hampered,” they said.
The FPCCI has asked the commerce minister to personally look into the matter and take it up with the ministry concerned and urged local ISAA members to withdraw the imposed THC.
|
ISSN 1563-9479 
