Karachi, The historic decision by commercial court is likely to result in bringing one of the world s most renowned designer s wear brands back, to enable Pakistani manufacturers restoring their market share in global market.
The Special Commercial Court (SCC) headed by its Chairman Mr Sathi Ishaque after umpteenth hearings has ordered the respondents to pay the damages to the tune of $61,000 to the foreign buyer for shipping rejected and damaged goods, says a release here Thursday. SCC Sindh, Balochistan had received complaint of fraud and breach of contract by the owner of a textile firm by D. Michael Painter of M/s Quivera LLC, California, USA the sourcing agent for the designer s wear brand, through Trade Development Authority of Pakistan (TDAP) that he placed order for supply of garments worth $50,000 to a Karachi textile group in 2008 but the latter had shipped damaged and rejected goods to the importer.
On this, TDAP filed a case in Commercial Court in 2009 / 2010. This was the first time that a case has been taken up vigorously by the regulators and by virtue of government s decision to establish commercial court in order to decide trade disputes involving foreign buyers and sellers. The court after hearings finally gave the judgment, declared the act of the exporter tantamount to cheating, ordering them to compensate the damages.
The most significant aspect of this decision, at this point of time, is that it will create a highly positive impact and raise the image and credibility of Pakistan in the business circles of USA and Europe where we have been demanding a sizeable free access to their markets. The non-resolution of pending cases of affected importers has been one of the major reservations in getting us a free access to these markets.