Exporters Warn of $1.62 Billion Loss from Truckers' Strike, Urge Govt Action

A nine-day nationwide goods transporters' strike caused an estimated Rs450 billion (USD1.62 billion) in economic losses, according to Pakistani exporters. The disruption led to massive export cargo delays, increased sea freight costs by over 300%, and a loss of international buyer confidence. Exporters warn of severe threats to foreign exchange earnings and competitiveness, urging the government to establish an Export Cargo Continuity Mechanism. This significant economic disruption could pressure the Pakistani Rupee, potentially impacting local gold prices.

بحوالہ / Source: www.brecorder.com