FPCCI Calls for Resolution of Transport Strike Affecting National Economy

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has raised alarms over a nationwide transport strike that has persisted for ten days. Atif Ikram Sheikh, the FPCCI President, has urged both transporters and the Punjab Government to find an amicable resolution to the crisis.

The strike has led to significant disruptions in freight forwarding, causing imported goods to remain stranded at ports. This situation has obstructed the timely dispatch of export orders, posing a threat to Pakistan’s international trade commitments.

Mr. Sheikh highlighted that the industrial sector is particularly impacted, with production processes slowing or halting due to a shortage of raw materials. The financial toll on traders and industrialists is mounting, exacerbated by charges for demurrage and detention.

The FPCCI President warned that the strike is tarnishing the credibility of Pakistani exporters, potentially damaging the country’s commercial reputation globally.

Saquib Fayyaz Magoon, Senior Vice President of FPCCI, has called for immediate negotiations between the government and transporters. He emphasized the need for the government to address the transporters’ legitimate demands and provide financial relief to prevent further economic losses. Additionally, he stressed the importance of swiftly restoring the supply chain to normalize economic activities.

The FPCCI’s pleas come as businesses across the country grapple with the economic fallout from the ongoing strike, underscoring the urgency for a resolution.