Thursday, December 31, 2009

Holiday, absence of transport cause huge export losses














KARACHI: The holiday declared by the Sindh government on Tuesday and absence of public transport caused huge production and export losses on account of closure of entire industrial areas as the workers did not turn up for work.

The industrialists said they could not send their export shipments on time besides, resulting in delay in cargo movement to the port for Wednesday sailings.


Chairman Site Association of Industry Salim Parekh said that the Site area alone suffered substantial loss of production, exports and revenues on Tuesday.

He said export shipments due to sail on Tuesday and Wednesday were affected badly. He said foreign buyers were inquiring about the possibility of timely future shipments after the violence which claimed 43 lives.

Chairman Korangi Association of Trade and Industry (Kati) Razzak Hashim Paracha said that business activities remained shut in the area but more severe shock to the industrialists was the destruction of various wholesale markets in Boulton Market area.

He urged the government to provide compensation to the affected traders so that they could feel some kind of sense of security.

Chairman F.B. Area Association of Trade and Industry (FBATI) Shahid Ismail that the businessmen had suffered huge production losses on Tuesday as all the industries were closed. However, he demanded the government to pay back the traders, who lost their lifetime assets.

The city witnessed closure of almost entire markets along with complete absence of public transport from the road. At the wholesale vegetable market, over 600-700 trucks, which arrived on Monday could not unload the stuff as traders had to suspend activities after 4:00pm after the suicide attack on Ashura procession near Light House area.

As a result, the supply of vegetables to the city remained suspended from Tuesday evening till Wednesday.
President Falahi Anjuman Wholesale Vegetable Market Haji Shahjehan said each truck carries a load of 15-22 tons of vegetable worth Rs150,000 to 200,000. He said traders resumed work on Wednesday’s night.

Muhammad Mansha Churra, acting president FPCCI Mumtaz Ali Sheikh, vice-president Zakaria Usman and executive committee members have expressed deep grief and sorrow over the tragic blast and killing of innocent people.

In a statement, they said that many small shops and vehicles were set on fire by the enraged persons in different parts of the metropolis. These people want to disturb the peaceful environment of the city intentionally and do not want to see the trading activity grow.

They expressed their grave concern on losses suffered by the small traders and said that government should immediately compensate the traders against these losses.

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