SCCI Lauds Ministry Of Commerce Role During COVID-19
Umer Jamshaid Published May 31, 2020 | 11:10 AM
SIALKOT, (UrduPoint / Pakistan Point News - 31st May, 2020 ) :-:President Sialkot Chamber of Commerce and Industry Muhammad Ashraf Malik lauded the role of PM's Adviser for Commerce, Textile and Industry Abdul Razak Dawood for leading the export sector of Pakistan during the global pandemic of COVID-19.
In a press statement issued here on Sunday,he said that the tough time demanded extreme and innovative measures for which the business community of Sialkot was thankful to the Ministry of Commerce for realizing the gravity of the situation and made arrangements for opening of factories to resume exports.
He added that the prevailing pandemic had greater impacts on the national economy and the exports of the country than expected as the whole supply chain has been disrupted.He said those exporters who had confirmed orders were facing troubles in dispatching their consignments due to freight rates that had skyrocketed since the implementation of nationwide lockdown.
The SCCI President highlighted that the Industry was confronting with sharp increase of 400 percent to 500 percent in oceanic and air freight rates that had caused troubles for the exporters who had previously settled the payment terms with their clients.
Ashraf urged that the government should provide freight subsidy amidst the pandemic to the entire export sector of the country. He added that in the prevailing situation, the only solution to protect the sector was a freight subsidy,like previously it was given to the Industry in 2003.
The SCCI President urged upon the Government to come forward and support exporter community for securing export business in hand and to avoid financial losses.
Related Topics
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Pakistan
-
AJK President calls for overseas Kashmiris' proactive role to expose the Modi government's nefarious ..
7 minutes ago -
AJK-wide campaign begins to vanish black-tinted glasses to all sorts of vehicles
16 minutes ago -
Islamabad to be digitalized as pilot project under national digitalization plan: IT Minister
17 minutes ago -
HEC reviews curricula for environmental sciences degree programme
36 minutes ago -
Heavy rains cause damage to Spezand-Taftan railway track
41 minutes ago -
Documentary on life of Jamiluddin Aali screened at embassy
36 minutes ago
-
"Sindh Theater Festival 2024" commences in Larkana
36 minutes ago -
Blackmailer arrested after secret camera scandal in Mirpurkhas
36 minutes ago -
BMC a reputed medical institution for students in Pakistan: Secretary
36 minutes ago -
NDMA advisory alerts authorities, public amid Nowshera, Charsadda flood forecast
36 minutes ago -
DC orders ACs to visit any 5 villages in each tehsil
36 minutes ago -
Punjab govt to establish state-of-the-art cancer hospital: minister
36 minutes ago