No LCs, no dollar, 200 spices containers stuck at the ports

Spices smuggling at its peak under Pak-Afghan transit trade

No LCs, no dollar, 200 spices containers stuck at the ports

Government’s policy of minimum dependence on imports, non-availability of dollars, and not opening the LCs, resulting in containers containing spices have piled up at the ports of Karachi, which is causing huge losses to importers.

A conservative estimate that around 200 containers of spices were currently awaiting clearance at the ports, so the government did not immediately issue orders to open the LCs and release the containers, resulting in billions of rupees of importers will sink.

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On the other side, due to the fact that the containers of spices are not cleared at the ports of Karachi, smuggling has reached its peak, and by taking full advantage of this situation, the smuggling of spices continues, which are being supplied in markets across the country, including Karachi.

“The loyal importers paying billions of rupees in tax were facing serious financial losses while the national exchequer was also suffering enormous loss in terms of revenue. So if the containers of spices stuck at the ports are not released immediately, and not curb the smuggling, importers will go bankrupt.”

Most of the smuggled spices were being supplied to markets across the country, including Karachi, without paying any tax under the guise of Pak-Afghan transit trade. The smuggled spices were first brought from Dubai to Iran’s port of Bandar Abbas, which was then brought to Taftan, Afghanistan, from where it was brought to Pakistan through other routes including Chaman, Wana border, and then supplied in the markets of Karachi and other cities.

The profiteers were taking advantage of the shortage of spices, and selling in the markets at arbitrary prices, the entire burden of which was falling on the poor people.

Therefore, by immediately releasing containers of spices at the ports, supply to the public at reasonable prices could be ensured. Otherwise, the spices will be out of reach of the public during Ramadan.

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