Need for shipping regulator stressed

To facilitate the business community, all shipping companies will remain operational every Saturday from July 20 for one month to issue Delivery Orders (DO). This was decided in a meeting with businessmen, chaired by Karachi Port Trust (KPT) chairman Syed Syedain Raza Zaidi, in pursuance of the prime minister’s recent decision to establish a regulatory authority for the shipping sector. The KPT chief said that this decision, which would be reviewed after one month, could be extended further, depending on its impact and the business community’s needs. According to a press release of the Karachi Chamber of Commerce and Industry (KCCI), all participants in the meeting agreed that a regulatory authority must be formed for the shipping sector.