Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

CPI Preview: Inflation to fall below 14% YoY in May

Supreme Court Restores Movement of Heavy Vehicles in the City

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Supreme Court of Pakistan has rescinded the ban on movement of heavy vehicles in the city of Karachi issued by Sindh High Court on 30th March, 2017. The ban which resulted in a good carrier’s strike resulting in heavy losses to exports, delivery of raw materials crippled the economy for ten days. The strike was ended after the mediation of Sindh Government which resolved the crisis by giving assurances to the good’s transporters of an end to the ban.

A total of 7,000 trucks are expected to move through the city daily for delivery of raw material to manufacturing plants and transporting consignments to the port. The strike was joined by a total of 14 bodies of transporters which included water tankers, oil tankers and other heavy transporters.

The Exporters Forum reported that the strike had affected Rs56.7 billion exports and Rs157 billion of imports and causing losses to the tune of Rs23.75 billion to the exchequer.  Due to the strike, around 70,000 containers were stuck at ports.

In a recent notification, The Supreme Court has allowed movement of heavy vehicle in during 11:00 pm to 6:00 am in the city and suspended the SHC order of 31/03/2017

Posted on: 2017-05-25T12:49:00+05:00