The Lahore Chamber of Commerce and Industry (LCCI) has expressed its appreciation to the Ministry of Energy's Petroleum Division for addressing its long-standing demand and releasing the imported industrial chemicals and petrochemicals from Karachi ports.
These goods, classified as Class A under the Petroleum Act of 1934, had faced prolonged clearance delays, severely affecting the industries reliant on the raw material.
The government has deferred the application of the new Flash Point Standards for six months and issued a notification for the release of all containers stuck at the ports, according to a press release.
Recently, the government introduced new rules, which posed significant challenges to various industries. As a result, containers carrying industrial chemicals and petroleum products were stranded at Karachi ports, threatening to disrupt the industrial activities.
In response, the Lahore Chamber convened a meeting with key industry associations, including the Pakistan Chemical Manufacturers Association, Pakistan Artificial Leather Manufacturers Association, Pakistan Pharmacists Association, Pakistan Pharmaceutical Manufacturers Association and others, to address the issue.
It requested the intervention of the government, which responded by making a timely and positive decision, instructing the Customs authorities to release all consignments under the Petroleum Classes A, B and C.
Those efforts received widespread feedback from the key industrial sectors including textiles, pharmaceuticals, plastics, packaging and chemicals for raising their concerns and ensuring a resolution.
LCCI President Mian Abuzar Shad said that the timely intervention would alleviate supply chain disruptions and support industrial growth.
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