KARACHI: A nationwide strike by goods transporters has prompted grave concerns among business leaders, with Rehan Hanif, President of the Karachi Chamber of Commerce and Industry, warning of a potential economic crisis. The suspension of cargo movement is affecting Pakistan's trade and industry, leading to fears of severe and lasting consequences.

In a statement, Hanif emphasized that transportation halts are disrupting the flow of raw materials to factories and hindering the dispatch of finished goods. He warned that prolonged disruptions could damage supply chains, affect export commitments, and harm Pakistan's international market credibility.

Exporters are facing cancellations and financial penalties, while industries like textiles, food, and pharmaceuticals are starting to shut down. Hanif stressed that Pakistan's economy cannot withstand a complete standstill in goods movement, given existing pressures from high costs and weak demand.

Hanif called for immediate government intervention to engage with transporter associations and find a practical solution. He described the situation as a national emergency for trade and industry, urging swift negotiations to prevent a deeper economic crisis.

The strike has already led to severe congestion at ports and thousands of stranded containers. Hanif warned of financial losses running into billions if the deadlock continues, with exporters facing the brunt due to tight delivery schedules.

He highlighted the importance of reliability and timely delivery in global trade, noting that disruptions damage Pakistan's reputation with international buyers. Hanif urged the government to prioritize resolving this issue and offered the Karachi Chamber's assistance in facilitating discussions.

The chamber president concluded by stressing the need for restoring cargo flow to stabilize the economy and protect livelihoods in the industrial and commercial sectors.