Traders have announced to keep the Jodia Bazaar closed even today in protest, which has led to suspension of shipments while fears of price hike.
Jodia Bazaar, the largest wholesale market for commodities in Pakistan, has been closed for three days, with traders signaling the strike to continue on Saturday, signaling the continuation of the strike.
Due to the closure of Jodia Bazaar, the supply of goods in the city has been suspended and there is a fear of increase in prices due to the gap between supply and demand. The traders of Jodia Bazaar have also decided to hold a press conference against the administration.
According to Abdul Rauf Ibrahim, President, Karachi Wholesalers Grocers Association, it is not possible to sell grocery items in 2021 as per the 2018 price list and harassment of Jodia Bazaar traders by Assistant Commissioner Garden will not be tolerated.
He further said that the traders of Jodia Bazar are in favor of strike till the price list of 2021 is released and we demand that a new rate list be issued.
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He said that the traders of Jodia Bazaar have also decided to hold an early press conference in this regard in which the President of Karachi Chamber Sharq Vohra will also be invited to participate and Jodia Bazaar will remain completely closed on Saturday and all Traders will be outside the market in protest.
On the other hand, the closure of Jodia Bazaar for four consecutive days is likely to disrupt the supply of commodities in the city and there is a possibility of artificial increase in commodity prices.
It is to be noted that business activities in Jodia Bazaar have been suspended since Wednesday when the traders announced a strike after raids on shops and warehouses by the local administration.