Ten million dollars worth textile export goods destined for Christmas season sales are endangered to be cancelled due to goods carriers' strike and blockage at Karachi port. These apprehensions were expressed by Abaidullah Sheikh Chairman Pakistan Yarn Merchants Association Punjab & KPK Zone while talking to newsmen.
Elaborating he said big stores and textile importers in Europe, America and other countries place orders for Textile Goods for Christmas season and fill their stocks by the end of November for annual sales in December. Millions of Dollars worth Textile Goods are being shipped from Pakistan for this purpose. But, these goods have been stuck up at Karachi port for last eight days due to Goods Carriers' strike, he said. If the strike is not ended urgently the export orders would be cancelled, he stated. There will be huge financial loss not only to Exporters, Export Trade and economy of the Country and forex but also the reputation in the world suffer huge setback and the foreign buyers would direct their export orders to Bangladesh, India and Sri Lanka, he said.
Abaidullah Sheikh appealed to the Government to intervene and negotiate to end the Goods Carriers' strike and save the Country's reputation. He further stated that there is fear of the strike spreading to other parts of the country reuniting in total disruption and dislocation of business activities and discontinuation of supply line to markets within the country.