Karachi ports handle 120,899 tons of cargo

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The Karachi Port and Port Qasim handled a cargo volume of 120,899 tons during the last 24 hours that included 95,166 tons of imports and 25,733 tons of exports, the two ports reported on Tuesday.
Accordingly, the Karachi Port handled imports, including containerised cargo (10,274 tons), bulk cargo (4,438 tons), coal (20,480 tons), and oil / liquid cargo (27,546 tons). It handled exports, including cement (569 tons), containerised cargo (11,058 tons), and bulk cargo (105 tons).
Similarly, Port Qasim handled imports, including wheat (180 tons), rice (8,686 tons), and containerised cargo (23,562 tons). The port handled exports, including cement (9,395 tons), rice (3,094 tons), and containerised cargo (1,512 tons).
Berth occupancy was measured at 35 percent at the Port on Tuesday, the Port Qasim Authority (PQA) reported.
During the last 24 hours, a ship, carrying containers, arrived at the port. Another two ships, carrying containers and chemicals, also arrived at the outer anchorage of the port.
With this, a total of four ships were moored at the port’s different berths. They loaded and offloaded containers, rice, cement, and wheat, the PQA reported.
The ships busy in loading and offloading operations included MV Nysted Maersk, Bella – L, Nordic Tianjin and Liberty Grace, it reported.
The rupee on Tuesday closed almost flat against the dollar in the currency market due to the lack of buyer’s interest, dealers said.
Low demand for the dollars from the market players amid dull trading activities helped the local exchange rate to remain stable against the greenback in the market, they added.
In the interbank dealings, the rupee closed at 98.47 as compared to Monday’s closing of 98.46.
The rupee started trading in a lacklustre manner; however, it went up to the level of 98.50 during the second trading session.

Dealers said that the local currency is expected to face some pressure in the coming sessions on demand from importers and frequent diminution in the foreign exchange reserves of the country, owing to external debt servicing. The rupee-dollar parity may go higher, breaching the barrier of 98.50 this week, dealers predicted.
The local unit increased by 10 paisas against the dollar to trade at 99.70 at the buying counter, while it gained five paisas to trade at 99.95 at the selling counter, respectively.

Courtesy:  The News

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