Freight costs surge 372% after strike
A nine-day transport strike in Pakistan has caused significant disruption to the export sector, leading to a 372% surge in freight costs and estimated losses of Rs450 billion. Exporters are struggling with limited shipping space and are calling for government intervention to mitigate the economic fallout.
Why it matters
The disruption highlights the fragility of supply chains in developing economies and the severe economic impact of labor-related logistics failures.
--> Home Business Freight costs surge 372% after strike Exporters face Rs450b losses, shipping space shortages
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> Photo: File KARACHI: Export-oriented sectors - including value-added textiles, knitwear, ready-made garments, leather garments and towels - have expressed serious concern over an extraordinary surge in sea freight charges and the unavailability of shipping space for consignments following a nine-day goods transport strike, estimating losses worth Rs450 billion during the strike period.
Chief Coordinator of export associations Muhammad Javed Bilwani, Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Central Chairman Muhammad Babar Khan, Towel Manufacturers Association (TMA) leader Athar Bari and others stated that prolonged disruption brought the movement of export cargo to an almost complete halt.
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