The federal government has granted a 30-day grace period for the removal of old containers from the Karachi Port. The decision was made during an important meeting chaired by the Federal Minister for Maritime Affairs, Jameed Anwar Chaudhry, at the Karachi Port. The Minister emphasized the need to remove old and unused containers to reduce congestion on the ports.
The Minister noted that the regional situation has led to an increase in transshipment cargo on the ports, resulting in increased congestion. The COVID-19 pandemic has also affected various sectors, including the maritime industry.
To alleviate pressure on the ports, the Minister has directed the Karachi Port Trust and terminal operators to immediately shift to a new shifting plan. The Minister has also instructed the establishment of clear commercial mechanisms for cargo transfer at off-dock terminals, as well as the maintenance of a complete record of off-dock facilities and transshipment cargo.
The meeting also emphasized the need to quickly remove additional goods, wooden pallets, and unused equipment from the ports. The Minister believes that these efforts will lead to a reduction in congestion on the ports, ease trade, and improve the country’s logistics system.
Meanwhile, the price of liquefied petroleum gas (LPG) has reached Rs. 530 per kilogram in the district, while a kilogram of LPG is being sold at Rs. 200 more than the government’s rate.
The Pakistan Stock Exchange (PSX) has seen a decline in the 100 Index, which stood at 150,398 points after falling by 1,308 points in the previous business week.
The Vice Chairman of the All Pakistan Petrol Pump Association, Noman Butt, has expressed concern over the increase in prices of petroleum products. The Federal Bureau of Statistics has released a weekly report on inflation.
The price of gold has increased in currency markets across Pakistan. Following the increase in fuel prices, there is a possibility of an increase in airline fares.
The Power Division has released details of the government’s three-month power package, stating that industrial and agricultural sectors have consumed 23% more electricity during the period from December 2025 to February 2026.
The Chairman of the Pakistan Public Transport Owners Association has called for the government to immediately roll back the increase in diesel prices. According to statistics, the country’s exports have seen an 8% decline during the period from July to March.
The State Bank of Pakistan has made a significant decision to strengthen the country’s youth financially. The price of gold has reversed in currency markets across Pakistan. The closure of the Strait of Hormuz due to the ongoing war in the Middle East has led to a significant increase in trade costs globally.
The British magazine “The Economist” has published a list of countries facing the most severe consequences of the global oil crisis caused by the ongoing war in the Middle East. The United States, Israel, and Iran have suffered losses of $120 billion in the markets of the United Arab Emirates during the war.
U.S. President Donald Trump has stated that Iran has been given a 10-day ultimatum to agree to a deal or open the Strait of Hormuz, and that 48 hours remain for the ultimatum to expire.
Following the U.S. and Israeli missile attacks on Iran’s Bushehr nuclear power plant, the Russian state-owned nuclear company has withdrawn 198 more staff members from the plant.
A writer has noted that Pakistan has maintained relations with China, while U.S. President Trump prefers Pakistani Field Marshal as a mediator, and Indian Prime Minister Narendra Modi faces diplomatic defeat.
According to a news agency, Hamida Suleman and her daughter have been arrested after their green card was revoked. Iran’s Revolutionary Guard Corps has claimed to have successfully targeted an Israeli ship using a drone.
The commander of the Gerald Ford has stated that he has not dared to pass through the Bab-el-Mandeb Strait due to fear of the Yemeni brave mujahideen and steadfast people.
