AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.46 Decreased By ▼ -0.11 (-1.97%)
CNERGY 4.50 Decreased By ▼ -0.06 (-1.32%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.85 Decreased By ▼ -0.11 (-0.16%)
FCCL 20.02 Decreased By ▼ -0.28 (-1.38%)
FFBL 30.69 Increased By ▲ 1.58 (5.43%)
FFL 9.75 Decreased By ▼ -0.08 (-0.81%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 114.90 Increased By ▲ 0.65 (0.57%)
HUBC 132.10 Increased By ▲ 3.00 (2.32%)
HUMNL 6.73 Increased By ▲ 0.02 (0.3%)
KEL 4.44 No Change ▼ 0.00 (0%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.39 Decreased By ▼ -0.50 (-1.93%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 30.12 Increased By ▲ 0.71 (2.41%)
PTC 14.70 Decreased By ▼ -0.54 (-3.54%)
SEARL 57.55 Increased By ▲ 0.52 (0.91%)
SNGP 66.60 Increased By ▲ 0.15 (0.23%)
SSGC 10.99 Increased By ▲ 0.01 (0.09%)
TELE 8.77 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.61 Decreased By ▼ -0.01 (-0.01%)
UNITY 23.47 Increased By ▲ 0.07 (0.3%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,394 Increased By 99.2 (1.36%)
BR30 24,121 Increased By 266.7 (1.12%)
KSE100 70,910 Increased By 619.8 (0.88%)
KSE30 23,377 Increased By 205.6 (0.89%)

KARACHI: The city’s grain traders on Thursday staged a protest rally against the lingering delays in clearance of pulses containers, which stuck at the seaports after the federal government placed restrictions on the LCs because of a dollar dearth.

Dozens of tradesmen in the protest rally, which was organized by Karachi Wholesale Grocers Association (KWGA), marched from New Challi to the State Bank of Pakistan.

They were chanting “importers be given dollars” and “stop economic killing of businessmen” with banners in hands, which read: “provide pulses importers with dollars”.

The rally was spearheaded by Chairman KWGA, Abdul Rauf Ibrahim along pulses importers, who staged a sit-in protest outside the SBP. “About 6,000 containers of pulses are stuck at ports,” Abdul Rauf Ibrahim told reporters.

Addressing the rally participants, he asked the SBP to explain the term essential goods in its policy. He also warned that the country might see a pulses crisis if the commodity containers were not cleared at the harbours.

He estimated that about Rs1.5 billion of commodities containers were at stake at ports, which he demanded, should be cleared without further delays. He said traders would stop pulses import after the clearance of their detained consignments.

In addition, timber traders observed a shutter-down strike against the non-cleared containers of woods. The wood merchants also staged a protest demonstration outside the SBP, demanding for a release of their consignments and issuance of LCs.

“Some 700 containers of wood are stuck at the port for over the past 45 days,” All Pakistan Timber Traders Association (APTA) Sharjeel Gopalani said, adding that about 2,000 containers were en route to Pakistan.

Copyright Business Recorder, 2023

Comments

Comments are closed.