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Loss of billions feared as strike of goods transporters enters ninth day

10:14 AM | 16 May, 2017
Loss of billions feared as strike of goods transporters enters ninth day
KARACHI - A Goods Transporters Association strike entered its ninth day on Tuesday posing great threats of loses of billions of rupees to the national economy and trade.

As import consignments were unloaded at the containers terminal since the start of the strike and export-oriented containers are not being loaded on ships, space at terminals has become congested.


Due to the congestion, no ship could be given berth for unloading more containers at its two container terminals, i.e. Karachi International Container Terminal (KICT) and Pakistan International Container Terminal.


Experts are of the view that serious shortage of imported goods, which are stuck at the port, could result in destablising the local markets. The rift also put pressure on national exporters whose consignments are also stuck at the port.


Goods’ carriers launched a strike last Monday protesting against the decision of the Sindh High Court (SHC) regarding the ban on the movement of heavy vehicles in Karachi during the day. The strike was later joined by 14 other transport bodies.


According to Dawn News, about 7,000 to 8,000 containers carrying raw material, imported food and other items travel daily from the Karachi port to Port Qasim, Landhi and Korangi industrial areas — a distance of about 35 kilometres.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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