Associations for Fruit and Vegetables in Pakistan The vegetable containers stuck at the Karachi port were urged to be released by the government on Tuesday.
Since the commercial banks have declined to give the importers clearing documents, containers filled with onions and garlic are stuck at the Karachi port.
Vegetables that have become stuck are reportedly worth $5.5 million. According to the association, a market price increase will eventually result from a delay in the clearance of the vegetable containers.
The Pakistan Fruit and Vegetable Association has urged the government to ensure the swift clearance of the imported onion and garlic.
It was revealed earlier on Monday that the current administration has the finance ministry’s approval required for imports related to defence.
Sources said that the finance ministry revised its guidelines for defence imports in light of the depleting foreign exchange reserves. They added that it would be mandatory to seek the permission of the finance ministry’s external finance wing before opening a letter of credit (LC) for imports against the regular defence budget.
The unprecedented move in the country’s history has been taken by the government due to deterioration in the external sector amid a constant fall in exports and foreign exchange reserves.
