Close Menu
Buzz NewsBuzz News
    Facebook X (Twitter) Instagram
    Trending
    • Cryptocurrency market today: Bitcoin holds near $107k amid tariff caution, Altcoins see mixed moves
    • US Fed policy outlook: Fed chair Jerome Powell says central bank must remain ‘non-political’ as Donald Trump pressure mounts, rate cut still not ruled out
    • HDB Financial IPO listing: Stock set for market debut on July 2; check GMP and other details
    • Total sown area this monsoon: Kharif sowing jumps 11.3% on strong monsoon; rice and pulses lead acreage surge
    • Leadership shuffle: Tata Sons ropes in consumer veterans to Tata Digital board; balances earlier finance-centric line-up
    • June GST collections 2025: Tax mop-up at Rs 1.85 lakh crore, up 6.2% on YoY
    • Sensex zooms 12,000 points in just 3 months! Is the Rs 72 lakh crore stock market rally sustainable? Here’s what investors should focus on
    • ‘Make in India’ success: Chinese smartphone brands bet on India for manufacturing & exports; Indian phonemakers compete for assembly
    • ITR filing FY 2024-25: Why filing Income Tax Return is important even if you have no tax to pay – explained
    • Indian Railways launches new ‘super app’ RailOne: Book IRCTC train tickets, track PNR, food, rail enquiry in one place – what it means for passengers
    Buzz NewsBuzz News
    Tuesday, July 1
    • Home
    • Cryptocurrency
    • Investment Tips
    • Finance
    • Home Insurance
    • Market News
    • Life Insurance
    Buzz NewsBuzz News
    Home»Investment Tips»Trade fallout: India’s ban on Pakistan-origin cargo at ports triggers spike in freight costs, delays for Islamabad – Report
    Investment Tips

    Trade fallout: India’s ban on Pakistan-origin cargo at ports triggers spike in freight costs, delays for Islamabad – Report

    BuzzNewsBy BuzzNewsJune 29, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Trade fallout: India’s ban on Pakistan-origin cargo at ports triggers spike in freight costs, delays for Islamabad – Report
    Share
    Facebook Twitter LinkedIn Pinterest Email Telegram WhatsApp Copy Link

    Trade fallout: India’s ban on Pakistan-origin cargo at ports triggers spike in freight costs, delays for Islamabad - Report

    India’s ban on ships carrying goods originating in or exported from Pakistan has led to a sharp rise in freight charges and longer shipping times for Pakistani importers, Dawn newspaper reported, citing industry officials.The ban, imposed on May 2, 2025, following the Pahalgam terror attack, prohibits both direct and indirect movement of Pakistani goods through Indian ports.As per news agency PTI, this comprehensive restriction has not only impacted maritime logistics but also prompted intensified enforcement by Indian agencies to detect violations.“Mother vessels are not coming to Pakistan due to this Indian action, which delays our imports by 30 to 50 days,” said Javed Bilwani, president of the Karachi Chamber of Commerce and Industry, in comments reported by Dawn.He said importers now rely on feeder vessels, resulting in increased transportation costs.Exporters, too, confirmed a spike in logistics expenses, especially in insurance costs. “There is no significant impact on exports, except for a rise in insurance costs. Shipping charges had already gone up even before the escalation,” said Aamir Aziz, a textile exporter, as cited in the Dawn report.Pakistan’s export sector, which heavily depends on imported raw materials for value addition, now faces added operational difficulties. With Islamabad already restricting non-essential imports to manage its forex reserves, supply chain disruptions caused by the Indian ban carry broader economic implications.The Indian government’s stance has been reinforced through multiple enforcement drives. In one such action, the Directorate of Revenue Intelligence (DRI) launched ‘Operation Deep Manifest’ to target illegal imports of Pakistani goods routed through third countries like the UAE.The finance ministry said that so far, 39 containers carrying over 1,100 metric tonnes of goods valued at Rs 9 crore have been seized under the operation. These goods were falsely declared as UAE-origin but were found to have originated from Pakistan, transshipped via Dubai.The DRI discovered money trails and financial links connecting Indian importers with Pakistani entities, and arrested one of the partners of a trading firm involved in the operation.According to the ministry, this complex modus operandi was designed to obscure the true origin of the goods using a web of intermediaries in Pakistan and the UAE.The crackdown is part of broader national security operations such as ‘Operation Sindoor’, aimed at tightening border trade oversight in response to regional threats.India had already raised import duties on Pakistani goods to 200% after the 2019 Pulwama terror attack.Since then, formal trade relations have remained frozen. Bilateral trade between the two countries dropped from $2.41 billion in 2018 to just $1.2 billion in 2024, as per PTI.Pakistan’s exports to India declined sharply from $547.5 million in 2019 to only $480,000 last year.The government maintains that the trade restrictions are critical to safeguarding India’s national and economic security and preventing misuse of trade channels.

    ban cargo costs Delays fallout freight Indias Islamabad Pakistanorigin Ports report spike Trade Triggers
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleGlobal minimum tax: G7 endorses ‘side-by-side’ system replacing top-up levies; US, UK firms exempted
    Next Article MSMEs burdened by high compliance costs; face over 1,450 regulations annually: Report
    BuzzNews
    • Website

    Related Posts

    Cryptocurrency market today: Bitcoin holds near $107k amid tariff caution, Altcoins see mixed moves

    July 1, 2025

    US Fed policy outlook: Fed chair Jerome Powell says central bank must remain ‘non-political’ as Donald Trump pressure mounts, rate cut still not ruled out

    July 1, 2025

    HDB Financial IPO listing: Stock set for market debut on July 2; check GMP and other details

    July 1, 2025

    Leave A Reply Cancel Reply

    Recent Posts

    Cryptocurrency market today: Bitcoin holds near $107k amid tariff caution, Altcoins see mixed moves

    July 1, 2025

    US Fed policy outlook: Fed chair Jerome Powell says central bank must remain ‘non-political’ as Donald Trump pressure mounts, rate cut still not ruled out

    July 1, 2025

    HDB Financial IPO listing: Stock set for market debut on July 2; check GMP and other details

    July 1, 2025

    Total sown area this monsoon: Kharif sowing jumps 11.3% on strong monsoon; rice and pulses lead acreage surge

    July 1, 2025

    Leadership shuffle: Tata Sons ropes in consumer veterans to Tata Digital board; balances earlier finance-centric line-up

    July 1, 2025
    Our Picks

    Bitcoin Remains Above $60,000, Bittensor Becomes Top Gainer

    August 23, 2024

    Prospects For Cryptocurrency Development In South Asia

    August 23, 2024

    Trump announces The DeFiant Ones, a new cryptocurrency platform

    August 23, 2024

    Hackers use McDonald’s Instagram account to steal $700,000 in cryptocurrency scam

    August 22, 2024
    About

    Welcome to BuzzNews, your go-to source for the latest in insurance and finance news. Our mission is to provide you with accurate, timely, and insightful information to help you make informed decisions. From life insurance to personal finance, market news to investment tips, we cover a wide range of topics to keep you updated and knowledgeable.

    Popular Posts

    Cryptocurrency market today: Bitcoin holds near $107k amid tariff caution, Altcoins see mixed moves

    July 1, 2025

    US Fed policy outlook: Fed chair Jerome Powell says central bank must remain ‘non-political’ as Donald Trump pressure mounts, rate cut still not ruled out

    July 1, 2025

    HDB Financial IPO listing: Stock set for market debut on July 2; check GMP and other details

    July 1, 2025
    OUR CATEGOIRES
    • Cryptocurrency
    • Finance
    • Health Insurance
    • Home Insurance
    • Investment Tips
    • Life Insurance
    • Market News
    Copyright © 2024. BuzzNews. All Rights Reserved.
    • Sitemap
    • DMCA
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • About Us

    Type above and press Enter to search. Press Esc to cancel.