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Growth of trade to augment by mid April: Collector Muhammad Saleem

Growth of trade to augment by mid April: Collector Muhammad Saleem

KARACHI: The growth of trade would be augmented by the mid April, 2014. This was revealed by the Collector of Model Customs Collectorate of Appraisement-West, Muhammad Saleem while talking to Customs Today.

While apprising the recent situation of trade, Collector MCC Appraisement-West said that the decrease in US dollar’s rate against the national currency has temporarily put a slowdown effect on imports and trade activities, as the businessmen, importers and trade bodies are reading the market and fluctuation of US dollar’s rate against local currency.

“There would be a major boost in the import activities by the mid of April, if the US dollar’s rate would remain stable against national currency,” he expected.

The Collector acknowledged that the 133-items guideline is being followed at Karachi ports only. However, he confirmed that the same guideline would also be implemented at all dry ports soon.

To a query, Muhammad Saleem said that the teams of all three collectorates i.e. MCC Appraisement-East, MCC of Appraisement-West and MCC Port Muhammad Bin Qasim comprised of Deputy Collectors, Additional Collectors and Collectors after a comprehensive study and market survey issued the guidelines of 133-items, same as they did in case of issuance of guidelines of 96-items, few months ago.

He further said that a complete consensus among all three collectorates has been made before issuance of the guidelines, adding that those guidelines have been issued while keeping in view the desire to facilitate the trade at maximum level.