Sit-ins cause disruption to kinnow export
Exporters unable to send containers to port due to lack of transport vehicles
ISLAMABAD:
As protests and sit-ins continue in different parts of Karachi in the wake of killing of 11 coal miners in Mach, the export of kinnow is facing disruption.
Export of the citrus fruit remained suspended on Friday as some major roads of the city were blocked for the fourth consecutive day. Exporters are likely to face hefty financial losses due to the lack of transport vehicles for carrying kinnow export containers to the seaport, said All Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA) Patronin-Chief Waheed Ahmed in remarks to The Express Tribune.
Cement, steel prices continue to soar
Uptrend hampering recovery of construction activities in country
Given the current jump in demand, the price of coal has jumped to $90 per ton. PHOTO: FILE
Owing to an expected jump in demand for steel and cement around the globe following the invention of Covid-19 vaccines, the uptrend in local prices for the two commodities has accelerated, which is hampering the recovery of construction activities in Pakistan.
Amreli Steels has announced a hike in the price of rebars by Rs5,000 per ton in addition to an increase of Rs5,000 per ton announced earlier during the month, said JS Global analyst Arsalan Ahmed in comments to The Express Tribune.