Foreign exchange crisis: Containers in high numbers held up at Karachi port
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KARACHI: Thousands of containers packed with essential food items, raw materials and medical equipment have been held up at Karachi port as the country grapples with a desperate foreign exchange crisis.
A shortage of crucial dollars has left banks refusing to issue new letters of credit for importers, hitting an economy already squeezed by soaring inflation and lacklustre growth.
Published in The Daily National Courier, January, 16 2023
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