Stories from Ehtesham Mufti
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Pakistan, Russia open direct shipping route
First container ship from St Petersburg will reach Karachi Port on May 25
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Industrialists seek early release of goods containers
In a letter, FPCCI presses central bank to call emergency meeting to find solution
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Imported fabrics go scarce in city’s markets
Sales have dropped by 40% in markets due to rising inflation and cost of living
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Customs seizes smuggled honey, tea worth Rs57m
Recovered honey and punching machine were worth Rs21 million
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Textile industry on verge of default
Asks in letter to SBP governor to allow LC opening as mills are running below 50% capacity
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PFMA calls off strike after talks with govt
Govt accepted PFMA demand to de-seal flour mills, allow wheat transportation
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Govt starts releasing consignments of pulses
Wholesale Grocers Association says 2,000 of 7,000 containers released from port
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Production at 30% units halted
Unemployment, inflation will soar, warns business community
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Loads of illegal cigarettes seized
Inland Revenue teams confiscate copies of famous brands, non-duty paid smuggled cigarettes
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Pulses crisis brews in city
Traders stage protest outside SBP, calling for opening of letters of credit