The nationwide strike by goods transporters has also adversely impacted Pakistan’s rice exports. By the fifth day of the strike, rice worth over $20 million could not be exported from the country.
According to details, the transport strike has severely disrupted the export sector. While the delivery of key consignments including potatoes, onions, pulp, juices, and other essential goods has come to a halt, Pakistani rice exports to various countries have also been stalled for several days. This has resulted in heavy financial losses to Pakistani exporters, and many now face the threat of order cancellations from international buyers.
Rafiq Suleman, former Chairman of the Rice Exporters Association of Pakistan and Convener of FPCCI’s Standing Committee on Rice, said that the strike has completely halted rice exports from Pakistan. He stated that many rice exporters have their consignments stuck at ports and warehouses, unable to be shipped.
He explained that Pakistan exports around $4 million worth of rice daily, which equals approximately Rs. 1.12 billion. So far, the ongoing strike has prevented the export of rice worth over Rs. 6 billion, causing serious losses to exporters.
Rafiq Suleman, along with other business leaders, urged Prime Minister Muhammad Shehbaz Sharif and Commerce Minister Jam Kamal Khan to take immediate notice of the situation. He appealed for the nationwide strike by goods transporters to be resolved promptly and their demands to be addressed in order to resume export activities and prevent further economic damage.
Dubai has long been a favourite destination for people from Pakistan, offering a vibrant mix…
Marking World Environment Day, Bank Alfalah, in collaboration with the Pakistan Air Quality Initiative (PAQI)…
Karachi has been rattled by a series of low-intensity earthquakes over the past two days,…
No one likes standing in long lines, filling endless forms, or waiting days for a…
The federal government is reviewing a series of relief proposals aimed at easing financial pressure…
Emirates, the world's largest international airline, has signed a Memorandum of Understanding (MOU) with the…
This website uses cookies.