Banks are refusing to issue new letters of credit for importers due to a shortage of dollars. This has hit the economy which is already suffering due to soaring inflation in the country.
Najibullah Safi, head of the Joint Chamber, said that the Pakistan government has increased the invoice of commodities, including tyres, electric devices, medicines and oil and sugar.
Islamabad [Pakistan], June 16 (ANI): After Prime Minister, Shehbaz Sharif-led government increased the prices of petrol in Pakistan for the third time, goods transporters suspended their operations at Karachi ports and have even threatened to go on for late-night strike.
Karachi [Pakistan], February 25 (ANI): Karachi Port was completely paralyzed due to the closure of the channel by the fishermen protesting against a ban on them.
Karachi [Pakistan], February 24 (ANI): Import and export activities at Pakistan's Karachi port are at a complete standstill after failed talks between Maritime Affairs Ministry and fisherfolk community which led to protest by the community.
Islamabad [Pakistan], December 27 (ANI): The Dhabeji industrial zone (DIZ) project in Thatta has been delayed as the Sindh High Court (SHC) has reserved judgement on a petition challenging the award of a contract for developing the China-Pakistan Economic Corridor (CPEC) Authority project in
Karachi [Pakistan], December 17 (ANI): A 53-year-old Chinese national, Li Wenzhang on Thursday was allegedly murdered and his body was "hanged" in a room at Port Qasim on the outskirts of Karachi.
Islamabad [Pakistan], October 15 (ANI): Pakistan has requested China to market Gwadar Port and at least utilise it for their transhipment cargo, Special Assistant to Prime Minister Imran Khan on Maritime Affairs, Mahmood Moulvi said.
Karachi [Pakistan], August 1 (ANI): A container truck carrying 780 sugar bags fell into the sea at Karachi port after its brakes failed, but the driver was unhurt.
Karachi [Pakistan], Feb 20 (ANI): A vessel carrying a soybean shipment will be shifted from Karachi Port to Port Qasim, Karachi Port Trust (KPT) said on Wednesday, a day after a research centre suggested that the "exposure to soybean dust" may be the cause of breathing difficulties being fac
Islamabad [Pakistan], Oct 16 (ANI): A Hong-Kong based port operator has committed an investment of USD 240 million for the development of Pakistan's Karachi port.