EconomyQuick read

Goods transporters suspend strike for 40 days as textile industry warns of export disruptions

Profit by Pakistan Today • • 1 min read

Goods transporters suspend strike for 40 days as textile industry warns of export disruptions

Profit by Pakistan Today reported that after receiving government assurances on its key demands, the All Pakistan Goods Transport Alliance has put its nine-day nationwide strike on hold for 40 days. Alliance president Malik Shahzad Awan spoke at a joint press conference on Sunday, alongside Sindh Governor Nehal Hashmi, Karachi Mayor Murtaza Wahab and Federal Minister for Communications Abdul Aleem Khan. Awan said some issues were already resolved while others would go to cabinet level, with committee meetings monitoring progress.

The list of transporter concerns spans toll levies, parking arrangements, fuel pricing and axle weight restrictions. Under the assurances, a panel will look at cutting toll levies, and petroleum rates will be reset every 15 days or monthly rather than under the daily system. Awan cautioned that protests may restart should promises remain unfulfilled, while 10-wheeler trucks will be permitted to carry loads within appropriate weight limits.

According to the All Pakistan Textile Mills Association (Aptma), the strike has disrupted textile supply chains, with containers stuck at ports and terminals. Aptma chairman Kamran Arshad said further interruptions might push mills to cut output and leave exporters facing order cancellations and penalties. The association noted that textiles represent over 60% of national exports, and a prolonged stoppage could weigh on foreign currency inflows, output and jobs. Aptma has also called for demurrage and detention charges caused by strike-linked delays to be waived.

At a glance

  • Goods transporters paused their nationwide strike for 40 days after government assurances.
  • Assurances include a toll levy review panel and petroleum price revisions every 15 days or monthly.
  • Aptma said the stoppage left containers stranded at ports and disrupted raw material supplies.
Sectors:TransportTextile Composite

Originally reported by Profit by Pakistan Today

This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.

Read the full story

Want the full article here?

Log in to read the full article in the Investify reader, in English or Urdu.

Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.

Built for PSX investors

Business news.Every filing, summarised.

Top stories from Pakistan's business press and key findings from every PSX announcement.

Investify announcement summary with key findings from a PSX filing
Investify app home screen with Pakistan business news and PSX filings