First Post: With no cash left for imports, Pakistan staring at massive unemployment, food shortage
Top businessmen in Pakistan have warned the government that a failure to lift the ban on imports will leave millions jobless and have urged the cash-strapped administration to allow manufacturing materials stuck at the Karachi port into the country
Islamabad: Even as thousands of containers with essential items remain stranded at the Karachi port due the severe lack of foreign exchange reserves, Pakistan is staring at an even bigger unemployment crisis due to a lack of imports.
Top businessmen in Pakistan have warned the government that a failure to lift the ban on imports will leave millions jobless and have urged the cash-strapped administration to allow manufacturing materials stuck at the Karachi port into the country.
Pakistan, which is struggling with critically low dollar reserves, has imposed a ban on imports with only essential items such as food and medicines being exempt.
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WNU Editor: There is no good news coming out from Pakistan. The word "panic" is now being said regularly in the news reports .... Rising panic over blocked imports in crisis-hit Pakistan (AFP).