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MEC offers your company a more efficient courier services, providing a level of professionalism that unites personal service with highly competitive rates. As we comet in an open market, we recognize that our customers have a choice and aim to offer all our customers with high quality and fairly priced services, no matter their size. You can be confident in entrusting you shipments to MEC because we have experience, capability and best practice procedures in place to respond and fulfill your requirements.

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Ref: Dollar Billing Policy by International Courier Companies


Dear Valued Customer,

We keenly appreciate your continuous support and cooperation in carrying on business with ......... to meet Express needs, where we do our utmost efforts to ensure matchless services.

As this is already in your information that all International Courier Brands are billing us in dollars on advance payment terms, where we close our business transaction on same day with them. Fluctuation in US dollar to higher side is badly impacting Courier Industry, our business terms with your organization are not on Cash / Advance payment basis, consequently, business transaction in PKR is incompatible.

 

  1. Therefore, with Effective from 1st September,2023 we will Invoice in US Dollars and payments will also be received with the same day US Dollar conversion rate. Following points are being jotted down for your better understanding;
    Billing is being shifted from PKR to US Dollars.

  2. Invoices will be sent in US Dollars on daily basis.

  3. US$ Exchange rate as per the NBP’s TT selling rate will be applied on the date the payments will be received.

  4. Payments will be received in PKR and will be reflected in US$ in your ledger with conversion rate of the same day.

  5. Outstanding balance will be converted to US$ and will reflect in your ledger as opening balance.

  6. Conversion rate on outstanding balance is based on the period the balance is outstand, if the amount is constant since last 6 months, and it was due to pay 6 months back, the conversion rate will be applied of 6 months back.

  7. You can pay your outstanding amount within 7 days, till 7th September, 2023 to avoid application of old US$ Exchange rate on your outstanding amount.

Dear Sir, we strongly advise to adopt the same policy for your customers as well to maintain your financial transaction smooth with current market and aligned with industrial dynamics.

We appreciate your cooperation in this transition period and committed to serve as always. Please feel free and revert for any further assistance and understanding.

 

Thank you

 

 

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