Sindh High Court defers hearing of Goods Transporters to May 20, exports and imports trading hurts

News Image

MG News | May 13, 2017 at 03:57 PM GMT+05:00

0:00

Sindh High Court has deferred the hearing of Goods Transporters Association allowing them to carry goods during the day time or any stipulated time given by the stakeholders.

The strike has been entered into fifth day and now Sindh High Court has deferred the hearing of Goods Transporters Association till May 20. This means the strike would continue and the goods would not been allowed to move henceforth from Port to industrial areas or port to main whole sale markets.

According to the exporters the losses have been colossal and already the export shipments from the country have been showing dismal performance.

Goods Transporters are demanding free passage to the city through older routes as they are shorter passage because carrier has to travel around eight kilometers. However after fulfilling the Sindh High Court order carriers have to use northern bypass, which would take atleast travelling of 180 kilometers which would increase the cost and that inflated rate would be passed on to consumers, increasing the price of daily commodities.

Exporters claimed that losses per day has been around  Rs 6 billion and accumulation has been increased to Rs 30 billion so far. The price of other commodities are bound to rise which would be added burden on the economy.

Related News

Name Price/Vol %Chg/NChg
KSE100 166,553.28
727.76M
-0.47%
-793.56
ALLSHR 101,296.66
1,567.06M
-0.28%
-289.04
KSE30 50,903.27
227.71M
-0.57%
-289.80
KMI30 241,347.86
135.29M
-0.16%
-394.95
KMIALLSHR 66,524.37
778.95M
-0.27%
-179.92
BKTi 47,779.01
130.29M
-0.85%
-408.88
OGTi 32,913.20
28.90M
0.79%
259.34
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,340.00 111,065.00
106,950.00
-3765.00
-3.36%
BRENT CRUDE 62.52 62.83
61.38
1.20
1.96%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.00
-1.23%
ROTTERDAM COAL MONTHLY 92.75 0.00
0.00
0.70
0.76%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 58.50 58.82
57.34
1.26
2.20%
SUGAR #11 WORLD 15.11 15.44
15.11
-0.13
-0.85%

Chart of the Day


Latest News
October 22, 2025 at 05:05 PM GMT+05:00

PTL posts Rs282.56m profit


October 22, 2025 at 04:53 PM GMT+05:00

MCB Bank's 9MFY25 profit declines 15.5%


October 22, 2025 at 04:35 PM GMT+05:00

PIBTL swings to Rs616.5m profit in 9M2025



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg