KARACHI: In view of situation in the Gulf, arising out of a military confrontation between the US, Israel and Iran, shipping companies have increased their fares under the head of war risk to $1,500 per container.
Federation House Vice President Asif Sakhi said on Friday that on the other hand, insurance companies, too, had increased premium.
“As many as 30,000 containers of Pakistan are presently stuck in the war zone due to which commercial activities are being affected,” he said.
The ongoing conflict in the Gulf has led to a rise in petroleum products’ prices in several countries, including Pakistan, creating great inconvenience for the people who are bearing the brunt of the conflict.
Long queues of motorbikes and vehicles can be seen outside filling stations in India due to the acute shortage of these products, plunging the country in a crisis.
