KARACHI: The rice export sector was hit hard by the recently concluded nationwide strike by goods transporters.
With export operations at a virtual standstill, rice shipments worth over $20 million (approximately Rs6 billion) failed to leave the country, sparking alarm among exporters and trade bodies.
The transporters’ strike, which began earlier this week and ended on Saturday, disrupted the movement of key export consignments across the country. Alongside agricultural produce like potatoes and onions, processed goods such as fruit pulp and juices were also affected. The rice export industry, a major contributor to the national economy, suffered significantly as a result.
Rafiq Suleman, former chairperson of the Rice Exporters Association of Pakistan and convener of the Rice Standing Committee at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), expressed grave concern over the crisis. He said that the strike left the rice export sector completely paralysed. Containers packed with rice were stuck at ports and warehouses. “Exporters were helpless, watching millions of dollars in trade hang in the balance,” he said.
According to Suleman, Pakistan exports an average of $4 million worth of rice per day. With exports halted for five consecutive days, the cumulative loss exceeded $20 million. He warned that such situation put the industry at risk of losing international buyers.
He further added that the strike’s ripple effects could undermine Pakistan’s reputation as a reliable exporter in global markets. “Such delays damage our credibility,” Suleman noted.
Many business leaders across multiple sectors echoed Suleman’s concerns.
Businesses got some relief on Saturday as goods transporters called off their nationwide strike in Karachi following successful talks with authorities.
The strike, which had paralysed the country’s logistics for four days, disrupting trade and supply chains due to new vehicle fitness regulations in Sindh, has now ended.
KARACHI: Stocks closed lower during the outgoing week amid geopolitical tensions. Some recovery is expected in the...
BEIJING: China said on Saturday that consumer prices slumped in April for the third straight month, reflecting...
KARACHI: The Pakistani rupee remained stable despite cross-border strikes with India, and it is likely to continue...
For more than a year, Alphabet Inc shareholders have fretted over long-term risks posed by artificial intelligence to...
Google has agreed to pay $1.375 billion in a settlement in principle reached with the state of Texas over allegations...
KARACHI: The Pakistan Electricity Review (PER) 2025 was launched here on Saturday, providing an in-depth analysis of...
KARACHI: The SITE Association of Industry (SAI) has appealed to the prime minister to withdraw the recently...
LONDON: A “pragmatic” approach to talks on food standards, youth mobility and European courts could yield an...