Containers' seizure puts export orders at stake.
LAHORE -- The massive seizure of containers by the law-enforcement agencies has put export orders at stake.
Export shipments are not reaching ports and vessels are sailing away without the consignment. Non fulfillment of international commitments would lead to disputes, loss of customers and market share as well as damaging Pakistan's image, according to Pakistan Textile Exporters Association.
'It is a matter of concern for the industry as over high scale export goods-laden containers have been detained by the law-enforcement agencies in different cities to block the main roads. It is really very sad,' said PTEA Chairman Sohail Pasha in a press release on Saturday.
A large number of export shipments ready to be shipped have been confiscated to block roads. As a result, truck and container companies have now been holding their remaining containers and trailers at their stations to avoid confiscation.
Fearing the cancellation of export orders, he said, a huge amount of export shipments ready to be shipped as per the deadline given by the foreign buyers, would not reach the ports on time and it will not only result in huge losses to the exporters, but also to the national exchequer. 'Pakistan's economy is in a dismal state and the country needs to enhance exports to boost revenues. However, such disruptions in business activities can create a negative image of Pakistan among nations which import goods from the country,' he said.
The Pakistan Hosiery Manufacturers Association has...
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