ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Asia

Pak: Import of food and drink products to stop after June 25

Commercial importers in Pakistan have announced to stop the import of all food and drink commodities after June 25 due to the non-availability of foreign exchange, reported Pakistan vernacular media Intekhab Daily.

ANI Jun 20, 2023 23:15 IST googleads

Representative Image

Karachi [Pakistan], June 20 (ANI): importers">Commercial importers in Pakistan have announced to stop the import of all food and drink commodities after June 25 due to the non-availability of foreign exchange, reported Pakistan vernacular media Intekhab Daily.
During an important meeting, Farhat Siddique, Secretary of Karachi Wholesale Grocers Association, said in an announcement that all banks have refused to give dollars to the importers, as per Pakistan vernacular media Kashmir Express.
All the importers and indenters in the meeting of the association. Furthermore, the importers said that thousands of containers are currently stuck at ports due to foreign exchange issues and are hence incurring fines and charges, as per Pakistan vernacular media Kashmir Express.
However, Farhat further said that the State Bank is not providing foreign exchange for them. If this situation continues, there will be a food crisis in the coming days, he added, according to Pakistan vernacular media Intekhab Daily.
Last month, Pakistan's Ministry of Finance warned of challenges originating from uncertain external and domestic economic environments, including higher inflation and external debt repayments, due to lesser foreign exchange inflows, according to Geo News.
The ministry, in its monthly outlook bulletin, projected that the inflation for the month of May will remain in the range of 34-36 per cent. (ANI)

Get the App

What to Read Next

Europe

Blasphemy laws in Pakistan target religious minorities: GHRD

Blasphemy laws in Pakistan target religious minorities: GHRD

At the 61st session of the United Nations Human Rights Council, the organisation Global Human Rights Defence (GHRD) raised concerns over the continued misuse of blasphemy laws in Pakistan and their impact on religious minorities.

Read More
Middle East

Mojtaba Khamenei calls on Muslim neighbours to clarify stance

Mojtaba Khamenei calls on Muslim neighbours to clarify stance

"The countries of the region must clarify their stance regarding the aggressors against our dear homeland and the killers of our people. I recommend that they shut down those bases as soon as possible; for they must surely have realized by now that America's claim of establishing security and peace has been nothing but a lie," he said.

Read More
Asia

3 Indian seafarers dead in Gulf maritime incidents: Rajesh Sinha

3 Indian seafarers dead in Gulf maritime incidents: Rajesh Sinha

"There have been maritime incidents involving Indian crew on foreign-flagged vessels. Of these vessels, there were 78 Indian seafarers. Of these, 70 are unhurt and escaped. Four sustained injuries over the last few days, but are stable. Unfortunately, there have been three casualties, and one seafarer is missing," he said.

Read More
Asia

Jaishankar, Indonesia’s FM exchange perspective on W Asia crisis

Jaishankar, Indonesia’s FM exchange perspective on W Asia crisis

In a post on X, Jaishankar wrote, "Pleased to talk to FM Sugiono of Indonesia. Exchanged perspectives on the West Asia conflict. Discussed bilateral ties and agreed to hold the Joint Commission meeting at an early date."

Read More
Asia

MEA rejects Pakistan’s statement on India-Canada deal

MEA rejects Pakistan’s statement on India-Canada deal

"We reject this statement made by Pakistan on the matter. India's credentials regarding non-proliferation are impeccable and well recognised by the global community. A country with a well-documented history of clandestine nuclear proliferation can hardly preach the virtues of export controls and proliferation risks. Such ludicrous statements are nothing more than an attempt by Pakistan to distract from its own abysmal record," he said.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.