Advertisement
Categories: NewsPakistan

Rice exports hit by goods transporters’ strike, $20 million loss, Government must act immediately: Rafiq Suleman

Advertisement

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.

Advertisement
News Desk

Recent Posts

NEVO Is Next: Master Changan Continues Bringing Changan’s Global House of Brands to Pakistan

Master Changan Motors Limited (MCML), Pakistan’s No.1 new entrant and leading Chinese automotive brand, is…

3 days ago

IFC and Bank Alfalah Partner on Pakistan’s First Diversified Payment Rights Issuance, Marking a Key Milestone in the Development of Pakistan’s Debt Capital Market

The International Finance Corporation (IFC) and Bank Alfalah Limited have signed a Project Agreement marking…

3 days ago

Meezan Bank Opens its First Round-the Clock Assisted Service Center

Meezan Bank, Pakistan’s premier Islamic bank, has inaugurated its first Service Center at Clifton Bridge,…

4 days ago

Tax Changes Reset Pakistan’s Hybrid SUV Pricing as Chery Pushes Aggressive Value Play

KARACHI: Pakistan’s hybrid and plug-in hybrid vehicle market is entering a sharper phase of price…

5 days ago

AKUH Receives Third Consecutive International Platinum Award for Heart Attack Care

The Aga Khan University Hospital (AKUH) has received its third consecutive Platinum Performance Achievement Award…

5 days ago

Bank Alfalah and WWF-Pakistan Mark Pakistan’s Independence Day with Alfa Forest Mangrove Plantation Drive

To commemorate Pakistan's Independence Day, Bank Alfalah, one of Pakistan's leading commercial banks, partnered with…

2 weeks ago